FREMONT, CA--(Marketwire - Sep 4, 2012) - Procera Networks, Inc. (NASDAQ: PKT), the intelligent policy enforcement company, today announced it has been awarded an initial order for its PacketLogic™ 8920s from a large, US-based Incumbent Local Exchange Carrier (ILEC). These systems will support detailed subscriber-aware traffic analysis and reporting across much of the carrier's fixed-line broadband network. The carrier selected Procera's Intelligent Policy Enforcement systems due to their ability to develop fine-grained subscriber usage profiles in real-time for a large number of active subscribers generating very high data traffic volumes.
"In an ever-changing broadband usage environment, it is critical for service providers to understand how consumer behaviors are evolving," said David Ahee, Vice President of Sales Americas at Procera. "ILEC customers are staying online longer and their usage patterns are increasingly diverse, making network planning more challenging. Current engineering models used by network operators to forecast capacity growth will quickly become obsolete, negatively impacting the subscriber's Quality of Experience, which can lead to an increase in churn. Understanding these trends in real-time gives service providers a leg up on the competition."
Procera's PacketLogic Report Studio gives service providers the network visibility they need to create highly accurate subscriber usage profiles. This software is provided as part of the PacketLogic Intelligence Center, enabling all network operators to drill down into their network traffic and achieve detailed understanding of subscriber, device, application, and location-based analytics as required.
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. 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.