Fremont, Calif., November 13, 2014 — Procera Networks, Inc. (NASDAQ: PKT), the global Subscriber Experience company, today announced its RAN Perspectives subscriber experience solution for mobile broadband operators has been named winner in both the “Network Test and Measurement” as well as the “Best In Show - Best Green Installation” categories of the 2014 Fierce Innovation Awards. Fierce Innovation Awards 2014 is an operator-reviewed awards program from the publishers of FierceWireless, FierceTelecom and FierceCable media outlets. Winners were judged by degree of technical innovation, financial impact, market validation, compatibility with existing network environments, end-user customer experience, and overall level of innovation.
The “Best in Show – Best Green Installation” award recognizes cutting-edge technology vendors who have enabled an operator, service provider or content developer to reduce its energy consumption and make better use of the energy it does use.
Procera’s RAN Perspectives eliminates the need to deploy physical network probes on mobile networks and because the solution leverages existing devices in the field to crowd source RAN signal data, operators are able to put an end to labor-intensive manual drive testing that accounts for a substantial amount of energy and capital consumption annually.
“Winning the ‘Network Test and Measurement’ and ‘Best in Show’ categories reflect the groundbreaking nature of our RAN Perspectives solution,” said Henrik Dam, Director of Mobile Research at Procera. “With the mobile experience being more data-centric than ever and operators being more environmentally conscious, customers need a solution that provides visibility into the mobile user experience while simultaneously eliminating the cost and energy consumption of using vehicles to drive test mobile network performance.”
Jason Nelson, Publisher of FierceWireless, FierceTelecom, and FierceCable, said, “As the Innovation Awards program grows each year so does the level of innovation we see from our entrants. To that end, we are thrilled to be able to offer applicants a unique channel to share their products and services with such an esteemed panel of judges from major global operators.”
Winners were selected by an exclusive carrier-only panel of executives from AT&T, CableLabs, Cablevision System Corporation, Comcast, Cox Communications, Inc., Orange, Sprint, TeliaSonera International Carrier, and Verizon. Full profiles of the judges can be found at https://www.fierceinnovationawards.com/telecom/2014/judges.
RAN Perspectives is a low-profile subscriber experience solution that provides real-time location and radio access network (RAN) quality of experience (QoE) data that can be used to enhance the mobile broadband experience for consumers. The solution is an applet with a small memory and power-usage footprint that is loaded over-the-air on a device’s SIM card and combines traditional mobile radio metrics with data quality metrics to provide mobile operators with a more accurate measurement of the overall user experience. It enables unprecedented network test and management capabilities and a compelling mobile experience because it is independent of the network vendor, independent of the radio access technology and independent of the subscriber. Use cases can apply to the Engineering, Marketing, and Customer Care teams as the intelligence gathered is relevant across broadband operators’ entire organization in supporting the goal of delivering a higher QoE for subscribers.
RAN Perspectives was announced in Q3 2014 and is expected to be generally available in Q1 2015. For more information, visit http://www.proceranetworks.com/products/ran-perspectives.
FierceMarkets, a wholly owned subsidiary of Questex Media Group, is a leader in B2B emedia, providing information and marketing services in the telecommunications, life sciences, healthcare, IT, energy, government, finance, and retail industries through its portfolio of email newsletters, websites, webinars and live events. Every business day, FierceMarkets' wide array of publications reaches more than 1.3 million executives in more than 100 countries.
About Procera Networks, Inc.
Procera Networks, Inc. (NASDAQ: PKT), the global Subscriber Experience Company, is revolutionizing the way operators and vendors monitor, manage and monetize their network traffic. Elevate your business value and improve customer experience with Procera’s sophisticated intelligence solutions. For more information, visit http://www.proceranetworks.com or follow Procera on Twitter at @ProceraNetworks.
Cautionary Note Regarding Forward-Looking Statements
This press release contains forward-looking statements related to Procera Networks, Inc., including statements relating to the introduction of a new product and solutions, the potential new applications for Procera’s products, the performance of and demand for Procera’s new products and solutions, the timing of general availability and the ability to generate revenue from new products and solutions, and the ability of its products to interoperate effectively with other technologies and meet the requirements of customers. Statements in this release that are not historical or current facts are forward-looking statements. All forward-looking statements in this release are made pursuant to the safe harbor provisions of the Private Securities Litigation Reform Act of 1995. These statements are not guarantees of future performance and involve known and unknown risks, uncertainties and other factors that may cause the Company’s actual results, performance or achievements to be materially different from any future results, performances or achievements expressed or implied by the forward-looking statements. These risks and uncertainties include, without limitation, risks and uncertainties related to the acceptance and adoption of Procera’s products and solutions; the Company’s ability to service and upgrade its products; its dependence on a limited product line and key customers; its dependence on key employees; its ability to compete in our industry with companies that are significantly larger and have greater resources; its ability to protect its intellectual property rights in a global market; and other risks and uncertainties described more fully in the Company’s 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 described in the "Risk Factors" sections of its Form 10-K filed for the year ended December 31, 2013, its subsequently filed quarterly reports, and other reports filed with the SEC, which are available free of charge on the SEC's website at http://www.sec.gov or on Procera’s website at http://www.proceranetworks.com. Given these risks and uncertainties, investors should not place undue reliance on forward-looking statements as a prediction of actual results. All forward-looking statements in this press release are based on information available to Procera as of the date hereof, and the Company undertakes no obligation to update, amend or clarify any forward-looking statement for any reason.
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