SOURCE: Procera Networks

Procera Networks

October 06, 2009 09:00 ET

Procera Networks Secures Large Follow-On Order

$4.5 Million Follow-On Order for Tier-1 Service Provider Completes $10 Million Order

LOS GATOS, CA--(Marketwire - October 6, 2009) - Procera® Networks Inc. (NYSE Amex: PKT), a developer of Evolved Deep Packet Inspection (DPI) solutions providing traffic awareness, control and protection for complex networks, today announced a follow-on order of $4.5 million to the $5.4 million Tier-1 order announced in August (see announcement here). The addition of this new equipment purchase amounts to the largest announced DPI new sale in the last several years. This Tier-1 service provider will use Procera's PacketLogic systems to gather network intelligence to maximize the service quality for its subscribers. Procera Networks expects to recognize the majority of this revenue within the 2009 fiscal year.

"Today's announcement showcases the tremendous momentum behind the DPI market and Procera's technical superiority," said James F. Brear, Procera Network's CEO and president. "Service providers require better network information and operational awareness to monitor and maintain resources effectively. We're pleased that the field-tested and proven technology behind the PL10000series enables us to quickly go through assessment, integration, validation and installation to meet these needs immediately, even for deployments for this size."

With this network-wide implementation, Procera Networks will be taking advantage of its award-winning PacketLogic™ PL10014 system which can scale to over 400 Gbps. The PL10000 series was announced in May 2008 and today still maintains performance and scalability leadership worldwide. Each individual chassis can deliver 80 Gbps of throughput and can be clustered in a theoretically unlimited number of units. While scalability is a strong value proposition, the functionality requested by service providers is just as strong a reason for DPI investments and for Procera.

"Service providers need accurate visibility into their networks in order to make decisions regarding network resources on an as-needed basis," said Jon Lindén, Procera Network's vice president of Global Marketing. "Service providers are already deploying their second generation of DPI and Procera is better prepared than any other vendor to manage current requirements and do it at high speeds. Our long-time commitment to accuracy, feature-richness and carrier-grade performance provides us a significant competitive strength."

About Procera Networks Inc.

Procera Networks Inc. delivers Evolved DPI solutions that give service providers awareness, control and protection of their applications and networks. Its core product suite, the PacketLogic line of platforms, leverages the company's advanced identification engine, DRDL™ (Datastream Recognition Definition Language), to provide accurate identification of network traffic in real-time. PacketLogic is deployed at more than 600 broadband service providers, telcos, governments and higher education campuses worldwide. 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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