SOURCE: Procera Networks

Procera Networks

April 05, 2011 09:00 ET

Procera Networks Awarded Initial Orders From Two New European Tier-1 Service Providers

Initial Orders Combined Worth Over $2.75 Million

FREMONT, CA--(Marketwire - April 5, 2011) - Procera® Networks Inc. (NYSE Amex: PKT), the intelligent policy enforcement company, today announced it has won initial orders with a combined value of over $2.75 million for a first phase deployment at a leading cable MSO and a Tier-1 fixed/mobile operator. These two European service providers have a combined customer base of over 100 million subscribers.

"These are great wins and they testify to the momentum we are currently experiencing in Europe," said Paul Gracie, VP of EMEA Sales at Procera. "Both service providers went through a year-long competitive process, including RFP, lab trials and field trials. The European market for Intelligent Policy Enforcement is predicted to grow considerably in the coming years, and we believe we are well positioned to further penetrate this market with our innovative technology that delivers unmatched solutions to service providers."

Both orders closed in March and will be fully deployed in the second quarter of this year. They consist of multiple PacketLogic™ PL10014 and PL8820. With recent upgrades, the PL10014 platform now scales up to 120 Gbps per chassis at an attractive price-performance ratio.

About Procera Networks Inc.
Procera Networks Inc. delivers Intelligent Policy Enforcement (IPE) solutions, leveraging advanced Deep Packet Inspection (DPI) technology. This enables carriers, services providers and higher education institutions to improve the quality and lifetime of their networks, better monetize their infrastructure investments, control hazards, and create attractive services for their users by making qualified business decisions based on granular user and traffic intelligence. Procera's core product suite, the PacketLogic line of platforms, is an engine that drives the PCC (Policy and Charging Control) ecosystem, by enforcing advanced network and service policies. PacketLogic is deployed at more than 600 customers who value the unparalleled accuracy and high-end performance of the PacketLogic solution. Founded in 2002, Procera (NYSE Amex: PKT) is based in Silicon Valley and has offices around the globe. More information is available at www.proceranetworks.com.

Safe Harbor Statement: This press release contains forward-looking statements within the meaning of The Private Securities Litigation Reform Act of 1995 (the "Act"). In particular, when used in this press release, the words "plan," "confident that," "believe," "scheduled," "expect," or "intend to," and similar conditional expressions are intended to identify forward-looking statements within the meaning of the Act and are subject to the safe harbor created by the Act. Such statements are subject to certain risks and uncertainties and actual results could differ materially from those expressed in any of the forward-looking statements. Such risks and uncertainties include, but are not limited to, the ability of Procera to commercialize the applicable technology and introduce products and the acceptance of those products by the market, the ability of resellers to sell the Procera products, market conditions, the general acceptance of the Company's products and technologies, competitive factors, timing, and other risks described in the Company's reports and filings with the SEC from time to time.

Procera Networks is a registered trademark, and PacketLogic and DRDL are trademarks of Procera Networks Inc. All rights reserved. All other products or brands mentioned are trademarks and/or service marks of their respective owners.

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