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Procera Networks Signs Contract With Tier One Service Provider

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  Published in Science and Technology on Wednesday, August 12th 2009 at 6:26 GMT, Last Modified on 2009-08-12 06:26:31 by Market Wire
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LOS GATOS, CA--(Marketwire - August 12, 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 that it has received a $5.4 million initial order for a multi-year master supply agreement.

"This new win validates the superior technology performance and unsurpassed bandwidth of our PacketLogic™ systems, our commitment to customer service and the profound interest in DPI solutions," said James F. Brear, president and CEO of Procera Networks. "Specifically for Procera, it is a significant milestone in our continued company growth."

Procera's Evolved DPI technology is the next stage in the evolution of DPI, allowing our customers to optimize network performance through identification of new and ever-changing applications across the Internet. Procera believes evolved DPI meets these needs by delivering more granular and accurate information on a real-time basis.

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 ].

Forward Looking Statements: This press release contains forward-looking statements, including statements relating to the referenced multi-year supply agreement. 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 testing and acceptance of our products under the supply agreement and during a trial period, together with 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, 2008 and subsequent 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, except as required by law.

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.