FREMONT, Calif., May 2, 2013 — Procera Networks, Inc. (NASDAQ: PKT), the global network intelligence company, today announced that it has received a multi-million dollar follow-on order from a Tier 1 European network operator. This order includes multiple PacketLogic™ PL20000 systems to expand the existing deployment and provide more capacity and functionality for the operator, delivering on Procera’s commitment to Intelligence Everywhere in the network. The network operator chose the PL20000 due to the superior capacity that is offered by the platform compared to competitive solutions, and is continuing its investment as its network grows.
"Network operators in EMEA continue to adopt the PL20000 as the platform of choice for large broadband deployments," said Paul Gracie, senior vice president Global Sales and Services at Procera. "Network operators are purchasing solutions that can handle their traffic growth for the next three to five years, and we believe Procera delivers the most scalable Intelligence Policy Enforcement solutions available on the market."
The PL20000 platform supports up to 320Gbps and up to 5 Tbps per cluster of Intelligent Policy Enforcement (IPE) providing scalability for up to ten million subscribers and 120 million active flows in a single chassis. The platform enables network operators to grow their IPE deployments in a modular fashion, simply by adding modules to the existing system, without requiring additional overhead from cluster deployment, which add network complexity and operational challenges. With the PL20000, Procera delivers a policy enforcement ecosystem enabling the world’s largest operators to become more agile and to capitalize on the latest in broadband applications and trends by creating innovative new personalized service plans on a massive scale.
About Procera Networks, Inc.
Procera Networks, Inc. (NASDAQ: PKT) delivers industry-leading network intelligence for millions of broadband connections worldwide. Procera's PacketLogic and NAVL solutions enable carrier, service provider, enterprise, and consumer networks to deliver a high quality of experience to their users through actionable intelligence and sophisticated policy enforcement. For more information, visit www.proceranetworks.com or follow Procera on twitter at @ProceraNetworks.
Cautionary Note Regarding Forward-Looking Statements
This press release contains forward-looking statements, including statements relating to the anticipated timing of revenue recognition and the ability of the products and solutions provided by Procera Networks, Inc. to meet the requirements of advanced communications networks and achieve customer acceptance for its products. These forward-looking statements involve risks and uncertainties, as well as assumptions that, if they do not fully materialize or prove incorrect, could cause our results to differ materially from those expressed or implied by such forward-looking statements, including risks related to the acceptance and adoption of our products; our ability to service and upgrade our products; lengthy sales cycles and lab and field trial delays by service providers; our dependence on a limited product line; our dependence on key employees; our ability to compete in our industry with companies that are significantly larger and have greater resources; our ability to protect our intellectual property rights in a global market; our ability to manufacture product quickly enough to meet potential demand; and other risks and uncertainties described more fully in our 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 set forth in our Form 10-K filed for the year ended December 31, 2012. All forward-looking statements in this press release are based on information available to us as of the date hereof, and we assume no obligation to update these forward-looking statements.
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