LTE market to double in 2013 as subscriber analytics take center stage
FREMONT, Calif., November 14, 2013 — Procera Networks, Inc. (NASDAQ: PKT), the global Internet Intelligence company, today announced it will be speaking and showcasing its lineup of Intelligent Policy Enforcement products at LTE North America 2013, November 20-22 at the Westin Galleria in Dallas, Texas.
On Friday, November 22 at 2:30 p.m. CST, Procera’s director of Product Management and Marketing, Shawn Sweeney, will join representatives from Siemens and Telus in a panel discussion titled “Monetizing the Policy Control and Charging Opportunity.” Also on November 22, at 3:10 p.m. CST, Procera’s director of Solutions Marketing, Ken Osowski, will deliver a lecture titled “Boosting LTE Adoption with the Right Charging Approach,” in which a blueprint will be presented to operators for growing and monetizing their networks while adopting 21st century billing and charging models.
According to a report by Infonetics Research, the LTE market will double in 2013 while subscriber growth is a key force driving the mobile infrastructure market as a whole; wireless subscribers hit 6 billion in 2012 and are expected to reach 7 billion by 2017, including 569 million LTE subscribers. As more consumers take advantage of high speed connectivity through LTE and consequently consume greater network resources, carriers have an opportunity to deploy unique policy control and charging monetization models that simultaneously complement the subscriber quality of experience and improve carriers’ bottom lines. Revenue Express, announced by Procera in Q2 2013, is an out-of-the-box monetization and new services deployment solution that allows operators to rapidly launch revenue-generating use cases based on optimized and market-tested software and hardware configurations.
In addition to speaking at the event, Procera will showcase the full lineup of the company’s Intelligent Policy Enforcement products at booth #7. This week, Procera’s Dynamic LiveView won a 2013 Broadband Traffic Management Award for the “Most Innovative Tool for Driving Real-Time Intelligence,” and the same product scored 4.5 Diamonds in the 2013 Broadband Technology Report’s Diamond Technology Reviews in September, reflecting the industry’s recognition that Procera has the leading Internet Intelligence and real-time subscriber analytics platform.
|Who:||Procera Networks, Inc., Shawn Sweeney, director of Product Management and Marketing; and Ken Osowski, director of Solutions Marketing|
|What:||Is showcasing their lineup of Intelligent Policy Enforcement products and speaking in two sessions as part of Track 1, Monetizing LTE: “Monetizing the Policy Control and Charging Opportunity,” Friday, November 22 at 2:30 p.m. CST; and “Boosting LTE Adoption with the Right Charging Approach,” November 22 at 3:10 p.m. CST|
|Where:||LTE North America, Booth #7
Westin Galleria, Dallas, Texas, USA
|When:||November 20-22, 2013|
For more information on Procera or to purchase IPE systems, please visit the company’s website or contact email@example.com. To schedule a media or analyst briefing with Procera Networks at LTE North America 2013, please contact Procera@engagepr.com.
About Procera Networks, Inc.
Procera Networks Inc. (NASDAQ: PKT) delivers Internet Intelligence solutions to service providers and network equipment manufacturers for analytics and enforcement of broadband traffic worldwide. Procera’s solutions provide actionable intelligence and policy enforcement to ensure a high quality experience for any Internet and network connected devices. 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 potential applications and demand for Procera’s products, the performance of its products 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; the Company’s ability to service and upgrade its products; lengthy sales cycles and lab and field trial delays by service providers; its ability to obtain any follow-on orders from major customers; its customers canceling orders; 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; its ability to continue to integrate Vineyard Networks and realize anticipated benefits from the acquisition; 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, 2012 and its Form 10-Q filed for the quarter ended September 30, 2013, 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.
Bob Eastwood, Engage PR for Procera Networks, 510-748-8200 x215,
Investor Relations Contact
Nicole Noutsios, NMN Advisors, Inc., 510-315-1003, firstname.lastname@example.org