Procera Networks Signs Contract With Tier One Service Provider
August 12 2009 - 9:00AM
Marketwired
Procera® Networks Inc. (NYSE Amex: PKT), a developer of Evolved
Deep Packet Inspection (DPI) solutions providing traffic awareness,
control and protection for complex networks, today announced that
it has received a $5.4 million initial order for a multi-year
master supply agreement.
"This new win validates the superior technology performance and
unsurpassed bandwidth of our PacketLogic™ systems, our commitment
to customer service and the profound interest in DPI solutions,"
said James F. Brear, president and CEO of Procera Networks.
"Specifically for Procera, it is a significant milestone in our
continued company growth."
Procera's Evolved DPI technology is the next stage in the
evolution of DPI, allowing our customers to optimize network
performance through identification of new and ever-changing
applications across the Internet. Procera believes evolved DPI
meets these needs by delivering more granular and accurate
information on a real-time basis.
About Procera Networks Inc.
Procera Networks Inc. delivers Evolved DPI solutions that give
service providers awareness, control and protection of their
applications and networks. Its core product suite, the PacketLogic
line of platforms, leverages the company's advanced identification
engine, DRDL(TM) (Datastream Recognition Definition Language), to
provide accurate identification of network traffic in real-time.
PacketLogic is deployed at more than 600 broadband service
providers, telcos, governments and higher education campuses
worldwide. Founded in 2002, Procera (NYSE Amex: PKT) is based in
Silicon Valley and has offices around the globe. More information
is available at www.proceranetworks.com.
Forward Looking Statements: This press release contains
forward-looking statements, including statements relating to the
referenced multi-year supply agreement. These forward-looking
statements involve risks and uncertainties, as well as assumptions
that, if they do not fully materialize or prove incorrect, could
cause our results to differ materially from those expressed or
implied by such forward-looking statements, including risks related
to the testing and acceptance of our products under the supply
agreement and during a trial period, together with other risks and
uncertainties described more fully in our documents filed with or
furnished to the Securities and Exchange Commission. More
information about these and other risks that may impact Procera
Networks' business are set forth in our Form 10-K filed for the
year ended December 31, 2008 and subsequent reports on Form 10-Q.
All forward-looking statements in this press release are based on
information available to us as of the date hereof, and we assume no
obligation to update these forward-looking statements, except as
required by law.
Procera Networks is a registered trademark, and PacketLogic and
DRDL are trademarks of Procera Networks, Inc. All rights reserved.
All other products or brands mentioned are trademarks and/or
service marks of their respective owners.
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Press Contact Jon Linden Procera Networks 1-408-890-7039
jon.linden@proceranetworks.com Investor Relations Contact Charles
Constanti Procera Networks 1-408-890-7066
charles.constanti@proceranetworks.com
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