Fremont, Calif., April 23, 2015 — Procera Networks, Inc. (NASDAQ: PKT), the global Subscriber Experience company, today announced it will speak, exhibit and demonstrate its role as part of a recent ETSI NFV Proof-of-Concept at the inaugural NFV World Congress held May 5-8, 2015 in San Jose, Calif.
On Thursday, May 7 at 5:10 p.m. PDT, Vice President of Business Development Michael Kay will deliver a comprehensive overview of mobile policy control evolution. While drivers for virtualization include increased service agility as well as obvious CAPEX and OPEX savings, virtualized mobile policy control is increasingly driven by the need for service providers to expand the depth of their network visibility to achieve evolved packet core optimization, leveraging RAN and mobile traffic awareness to manage subscriber quality of experience from the handset to the Internet. An early trailblazer and leader in Network Functions Virtualization (NFV), Procera serves clients at all stages of the policy control journey from traditional hardware-based solutions to cutting-edge virtualized solutions.
On demonstration throughout the event is an ETSI NFV Proof-of-Concept (PoC) with Openet, Amartus, Red Hat, and Intel featuring PacketLogic/V, Procera’s virtualized subscriber experience management platform that recently won ‘Best in Show’ in the 2014 Fierce Innovation Awards. The PoC will demonstrate how NFV concepts can be applied to OSS/BSS to deliver on the business benefits and improved customer experience that NFV promises, brought by increased system agility, faster time to market, reduced TCO, increased elasticity and greater service availability. PacketLogic/V recently achieved maximum bare metal performance of over 150Gbps on Intel COTS equipment and is currently offered by Dell as a pre-packaged commercially available solution.
For more information or to schedule a meeting with Procera at NFV World Congress, visit booth #32 during the event or Tweet to @ProceraNetworks.
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 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, 2014, 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.
Mike Tomlinson, Engage PR for Procera Networks, 510-748-8200 x209,
Investor Relations Contact
Michael Bishop, Blueshirt Group for Procera Networks, 415-217-4968,