SOURCE: Procera Networks

July 03, 2008 08:00 ET

Procera Networks Withdraws Form S-1 Due to Market Conditions

LOS GATOS, CA--(Marketwire - July 3, 2008) - Procera® Networks Inc. (AMEX: PKT), a developer of Evolved Deep Packet Inspection (DPI) solutions providing traffic awareness, control and protection for complex networks, today announced that, due to adverse market conditions, it has asked the Securities and Exchange Commission (SEC) to withdraw its registration statement on Form S-1 filed with the SEC on May 23, 2008 for a planned follow-on offering of its common stock.

About Procera Networks Inc.

Procera Networks Inc. delivers Evolved DPI solutions that give service providers full 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 identification of network traffic available today in real-time. PacketLogic is deployed at more than 400 broadband service providers, telcos, governments and higher education campuses worldwide. Founded in 2002, Procera (AMEX: PKT) is based in Silicon Valley and has offices around the globe. More information is available at www.proceranetworks.com.

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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