Procera Networks Secures Large Follow-On Order
October 06 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 a
follow-on order of $4.5 million to the $5.4 million Tier-1 order
announced in August (see announcement here). The addition of this
new equipment purchase amounts to the largest announced DPI new
sale in the last several years. This Tier-1 service provider will
use Procera's PacketLogic systems to gather network intelligence to
maximize the service quality for its subscribers. Procera Networks
expects to recognize the majority of this revenue within the 2009
fiscal year.
"Today's announcement showcases the tremendous momentum behind
the DPI market and Procera's technical superiority," said James F.
Brear, Procera Network's CEO and president. "Service providers
require better network information and operational awareness to
monitor and maintain resources effectively. We're pleased that the
field-tested and proven technology behind the PL10000series enables
us to quickly go through assessment, integration, validation and
installation to meet these needs immediately, even for deployments
for this size."
With this network-wide implementation, Procera Networks will be
taking advantage of its award-winning PacketLogic(TM) PL10014
system which can scale to over 400 Gbps. The PL10000 series was
announced in May 2008 and today still maintains performance and
scalability leadership worldwide. Each individual chassis can
deliver 80 Gbps of throughput and can be clustered in a
theoretically unlimited number of units. While scalability is a
strong value proposition, the functionality requested by service
providers is just as strong a reason for DPI investments and for
Procera.
"Service providers need accurate visibility into their networks
in order to make decisions regarding network resources on an
as-needed basis," said Jon Lindén, Procera Network's vice president
of Global Marketing. "Service providers are already deploying their
second generation of DPI and Procera is better prepared than any
other vendor to manage current requirements and do it at high
speeds. Our long-time commitment to accuracy, feature-richness and
carrier-grade performance provides us a significant competitive
strength."
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.
Safe Harbor Statement: This press release contains
forward-looking statements within the meaning of The Private
Securities Litigation Reform Act of 1995 (the "Act"). In
particular, when used in this press release, the words "plan,"
"confident that," "believe," "scheduled," "expect," or "intend to,"
and similar conditional expressions are intended to identify
forward-looking statements within the meaning of the Act and are
subject to the safe harbor created by the Act. Such statements are
subject to certain risks and uncertainties and actual results could
differ materially from those expressed in any of the
forward-looking statements. Such risks and uncertainties include,
but are not limited to, the ability of Procera to commercialize the
applicable technology and introduce products and the acceptance of
those products by the market, the ability of resellers to sell the
Procera products, market conditions, the general acceptance of the
Company's products and technologies, competitive factors, timing,
and other risks described in the Company's reports and filings with
the SEC from time to time.
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 408-890-7039
jon.linden@proceranetworks.com Investor Relations Contact Charles
Constanti Procera Networks 1-408-890-7066
cconstanti@proceranetworks.com
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