Sandvine Receives Over $6.5 Million In Expansion Orders
Top-5 Asian operator continues to rollout Service Creation and Traffic Management capabilities
Waterloo, ON; January 8, 2013 – Sandvine, (TSX:SVC; AIM:SAND) a leading provider of intelligent broadband network solutions for fixed and mobile operators, today announced that it has received more than $6.5 million in follow-on Network Policy Control orders from a Top-5 Asian communications service provider. Sandvine announced initial orders from the customer in May 2012.
“This is a multi-phase project and the deployment has proceeded as expected. We are just beginning the second phase,” said Tom Donnelly, COO, Sales and Global Services. “We have been able to demonstrate our ability to measure application usage on a granular basis and provide meaningful streaming video metrics based on device, display characteristics and transport quality. We will now start to expand those capabilities as well as our traffic management solution across additional network locations.”
Since May 2012, Sandvine has announced orders from certain Tier-1 Asian operators that total approximately $20 million and has reported the highest market share in the region.
“Our customer base cuts a swath across Asia Pacific, including Japan, Australia, Hong Kong, Korea, Singapore, Indonesia, Malaysia, Thailand and elsewhere. By coupling unmatched innovation with compliance to the relevant quality and technical standards, our products are well-suited to the technically demanding Asian markets,” said Mr. Donnelly.
Sandvine’s network policy control solutions add intelligence to fixed, mobile and converged communications service provider networks to enable services that can increase revenue and reduce network costs. Powered by Sandvine’s Policy Engine and SandScript policy language, Sandvine’s networking equipment performs end-to-end policy control functions including traffic classification, and policy decision and enforcement across the data, control and business planes. Sandvine’s products provide actionable business insight, the ability to deploy new subscriber services and tools to optimize traffic while enhancing subscriber Internet quality of experience.
Sandvine’s network policy control solutions are deployed in more than 200 networks in over 85 countries, serving hundreds of millions of data subscribers worldwide, www.sandvine.com.
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Certain statements in this release which are not historical facts constitute forward-looking statements or forward-looking information within the meaning of applicable securities laws ("forward-looking statements") and are made pursuant to the “safe harbour” provisions of such laws. Statements related to the scope of deployment of Sandvine’s products by a specific customer and the potential revenue opportunity with any particular customer or in any market segment are forward looking statements. In addition this release may also reference certain orders that have not yet resulted in revenues for Sandvine and there is no assurance that such orders will result in revenue or the timing upon which such may occur. There may be conditions or other circumstances that may impact if and when such orders actually translate to revenue. Readers are cautioned not to place undue reliance upon any such forward-looking statements. Such forward-looking statements involve both known and unknown risks and uncertainties that may cause the actual results, performance or achievements of Sandvine to differ materially from the results, performance, achievements or developments expressed or implied by such forward-looking statements. These risks and uncertainties include, without limitation, changes in internal deployment strategies or plans by specific customers; the growth of broadband internet usage and levels of capital spending on broadband network management systems; the timing of orders and manufacturing lead times; changes in customer order patterns or customer mix; insufficient, excess or obsolete inventory; increased competition in the broadband network equipment industry; dependence on the timely development and market acceptance of new product offerings and standards; rapid technological and market change; manufacturing and sourcing risks including dependence on key suppliers and key technologies; dependence upon indirect channel sales and resellers; factors such as business and economic conditions and growth trends in the broadband network equipment industry and in various geographic regions; global economic conditions and uncertainties in the geopolitical environment including the impact of regulation related to the internet and the delivery of internet services. Forward-looking statements are based on management’s current plans, estimates, projections, beliefs and opinions, and Sandvine does not undertake any obligation to update forward-looking statements should assumptions related to these plans, estimates, projections, beliefs and opinions change.