FREMONT, CA--(Marketwire - Aug 21, 2012) - Procera Networks, Inc. (NASDAQ: PKT), the intelligent policy enforcement company, today announced that it has received a $1.5 million follow-on order from a leading North American MSO. The order includes the delivery of Procera's PacketLogic™ 8920, its recently announced platform that offers service providers ground breaking, chassis-level performance at appliance-level pricing. These systems support detailed subscriber-aware traffic analysis and reporting throughout cable networks to maintain a high Quality of Experience (QoE) for consumers while optimizing network resources. Procera expects to recognize the revenue from this in the third quarter of 2012.
"Cable operators face a highly competitive landscape," said David Ahee, Vice President of Sales Americas at Procera. "They require sophisticated network analysis tools to ensure a high QoE for their subscribers, while enabling engineers to evolve the network to meet these demands and optimize their infrastructure investments. Without detailed network traffic analysis, cable operators risk delivering sub-standard services that can result in customer churn."
The PL8920 supports Procera's PacketLogic Intelligence Center with PacketLogic Report Studio that provides network operators with a detailed understanding of subscriber, device, application, and location-based analytics. PacketLogic Report Studio delivers print-ready reports, including executive overviews, detailed technical analysis, and even the performance of different content delivery networks, which enables operators to dramatically increase subscriber QoE.
The PL8920 is a highly scalable 2RU appliance supporting up to 50 Gbps of network traffic throughput accessible through six modular I/O slots that are configurable with up to 12 x 10GE or 24 x 1GE interfaces. This configuration represents 25 Gbps of throughput per rack unit, setting a new industry benchmark for IPE/DPI platform throughput density.
For more information on Procera Networks or to purchase PacketLogic solutions, please visit www.proceranetworks.com.
About Procera Networks, Inc.
Procera Networks Inc. (NASDAQ: PKT) delivers Intelligent Policy Enforcement (IPE) solutions designed for carriers, service providers and high-end enterprises to enable proactive quality management; innovative service creation and delivery; detailed business analytics on network utilization and bandwidth consumption; and mitigate security threats. Procera's PacketLogic solutions deliver superior performance, scalability, and functionality to allow personalized services for millions of subscribers as part of the 3GPP Policy and Charging Control architecture. For more information, visit www.proceranetworks.com.
Cautionary Note Regarding Forward-Looking Statements
This press release contains forward-looking statements, including statements relating to the 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, 2011, and in the subsequently filed quarterly reports on Form 10-Q filed. 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.