Several-million dollars of orders received for PL20000 100GE systems
Fremont, Calif., December 16, 2014 — Procera Networks, Inc. (NASDAQ: PKT), the global Subscriber Experience Company, today announced that it has received several-million dollars of orders from Tier 1 operators for 100GE-equipped PacketLogic™ 20000 Platform. These deployments will leverage the 100GE interfaces deployed in existing or new PL20000 systems delivering Subscriber Experience solutions for fixed and mobile operators. Most of the revenue from these orders is expected to be recognized in the fourth quarter of 2014.
“The PL20000 has been selected by multiple operators over the past year due to the capability to easily add 100GE interfaces,” said Andy Lovit, senior vice president of Worldwide Sales at Procera. “Network operators are beginning to deploy subscriber experience and analytics solutions on 100GE instead of 10GE interfaces, and the PL20000 has segment-leading port density and performance for 100GE networks.”
The PacketLogic 20000 offers up to 600Gbps of capacity and up to 8 ports (4 channels) of 100GE interfaces, enabling a fixed or mobile operator to handle millions of subscribers traffic flows with full subscriber experience visibility in both real-time and with historical visibility into the subscriber experience metrics that matter. The intelligence gathered from Procera’s Perspectives solutions (RAN, Video, Subscriber, Device, Routing, Traffic, Content, and Topology) is displayed in real-time using Dynamic LiveView or streamed using IPFix, and then stored in the PacketLogic Intelligence Center for visualization in the Insights Product family (Engineering, Customer Care, and Marketing) or an external Big Data solution. The PL20000 can then act to improve the subscriber experience through Congestion Management, Policy and Charging, Advanced Traffic Steering, or Mitigation.
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.
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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 timing of expected acceptance and revenue recognition, 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 and solutions 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; its ability to manufacture product quickly enough to meet potential demand; 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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