For Deployment of Sophisticated Subscriber Services using PL8820, PIC and PSM
FREMONT, Calif., Feb. 28, 2013 - Procera Networks, Inc. (NASDAQ: PKT), the global intelligent policy enforcement company, today announced an initial multi-year contract from Orange Switzerland. The initial order is to provide Procera's leading edge Intelligent Policy Enforcement solutions, specifically the PL8820, PacketLogic™ Intelligence Center (PIC) and the PacketLogic Subscriber Manager (PSM), for deployment throughout Orange's network as a replacement for an existing solution. Procera's solutions will be used to allow Orange to offer high value subscriber services. Procera expects to recognize most of the revenue related to this order in the first half of 2013.
"We selected Procera due to the strong value proposition offered by the PacketLogic solutions for personalized services," said Johan Andsjo, CEO of Orange Switzerland. "The solution that we are deploying today will enable us to deliver new services to our subscribers, increase our competitiveness through innovation and exceed our growth plans for bandwidth with a scalable platform."
"Mobile operators want to offer personalized services that meet the demand of their subscribers," said Paul Gracie, senior vice president of Sales, EMEA at Procera. "Procera has proven our ability to enable unique service plans for European mobile operators, and we continue to see this as a strong market demand."
Orange chose Procera due to the strong performance and scalability of the PL8820 platform, which supports up to 30Gbps of performance in a 2RU form factor for millions of subscribers. The PSM was a deciding factor in Procera's selection, as Orange wanted a great deal of flexibility in the creation and provisioning of innovative service plans that meet their customers needs, both today and in the future, and needed a solution that could scale both for subscribers as well as services.
Orange Communications SA : Orange Communications SA entered the Swiss telecoms market in 1999 and offers a wide range of mobile communication services. For business customers, Orange offers integrated, simple and efficiency-enhancing landline and mobile solutions. The Orange mobile communications network covers 99% of the Swiss population. In addition to mobile phone calls, Orange also offers mobile broadband Internet connections that can reach theoretical maximum speeds of up to 42 Mbit/s using GPRS, EDGE, UMTS and HSPA+ technologies. The renowned trade magazine connect rates the Orange mobile network as «GOOD», ranking it among the best in Switzerland. Some 1,121 employees attend to the every-day needs of 1.65 million customers, including those who work at 89 Orange Centers across Switzerland as well as at the more than 120 Orange Points. Orange Communications SA is a wholly owned subsidiary of Matterhorn Mobile S.A., a company indirectly majority owned by funds advised by Apax Partners LLP.
About Procera Networks, Inc.
Procera Networks Inc. (NASDAQ: PKT) delivers Intelligent Policy Enforcement solutions designed for carriers, service providers and enterprises worldwide. Procera's PacketLogic solutions provide actionable intelligence and policy enforcement to ensure a high quality experience for any Internet connected devices. Network operators deploy Procera's technology to enable real-time visibility, superior performance and scalability, and deliver personalized services for millions of enterprises and consumers. For more information, visit www.proceranetworks.com or follow Procera on twitter at @ProceraNetworks.
Cautionary Note Regarding Forward-Looking Statements
This press release contains forward-looking statements, including statements relating to the timing of revenue recognition and the ability of the products and solutions provided by Procera Networks, Inc. to meet the requirements of advanced communications networks and achieve customer acceptance for its products. 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 acceptance and adoption of our products; our ability to service and upgrade our products; lengthy sales cycles and lab and field trial delays by service providers; our dependence on a limited product line; our dependence on key employees; our ability to compete in our industry with companies that are significantly larger and have greater resources; our ability to protect our intellectual property rights in a global market; our ability to manufacture product quickly enough to meet potential demand; and 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, 2011, and in the subsequently filed quarterly 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.
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