SOURCE: Procera Networks

Procera Networks

April 21, 2011 06:30 ET

Procera Receives $2 Million Follow-On Order From North American Tier-1 Cable MSO

Leading North American Cable Operator Extends PacketLogic Deployment to Support Network Upgrade

FREMONT, CA--(Marketwire - Apr 21, 2011) - Procera® Networks Inc. (NYSE Amex: PKT), the intelligent policy enforcement company, today announced it has received a $2 million follow-on order for PacketLogic™ from a Tier-1 cable MSO in North America. The customer completed an initial PacketLogic deployment in the second half of 2010 and is now expanding to accommodate a 10 Gigabit access network upgrade.

"We believe this follow-on order further validates the value of our solutions and our strong competitive positioning, especially with cable MSO's in North America," said David Ahee, Vice President of Sales Americas at Procera. "It is also further confirmation that they are assigning budget to Intelligent Policy Enforcement. Cable MSOs are probably most impacted by the new digital lifestyle where video in general, and Netflix in particular, has been broadly adopted and run on laptops, Playstations, smartphones and iPads. Our PacketLogic solution provides the visibility required to properly plan and dimension these networks and ensure a quality level that is at par with customer expectations to remain compelling in a competitive market."

The follow-on order consists of multiple PacketLogic PL8000 series devices. Procera introduced the next generation edition of this product family, the PL8820, in mid-February of this year. Procera recognized the majority of the revenue from this follow-on order in its 2011 first quarter, which ended March 31, 2011.

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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