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8-K - PROCERA NETWORKS 8-K 1-4-2010 - PROCERA NETWORKS, INC. | form8k.htm |
Exhibit
99.1
FOR
IMMEDIATE RELEASE
Procera
Networks Announces Preliminary Fourth Quarter Revenue Results
Experienced
Strength in Major Carrier Orders
Exceeded
Fourth Quarter 2009 Revenue Guidance
LOS GATOS, Calif., January 4,
2010 – 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 preliminary financial results
for the fourth quarter ended December 31, 2009. Based on preliminary financial
data, the Company anticipates that revenue for the fourth quarter will be in the
range of $9.1 million to $9.5 million, or 102% - 111% year-over-year
growth. On its third quarter earnings call on November 5, 2009, the
Company provided fourth quarter guidance for revenue growth over 100%
year-over-year. The company also expects to achieve profitability for
the fourth quarter ending December 31, 2009.
“Throughout
2009 we executed on our corporate strategy to become the market leader in
Network Traffic Management,” said James Brear, president and CEO of Procera
Networks. “As a result, we experienced continued momentum among major
carriers and exceeded our revenue guidance for the fourth quarter.”
The
operating information included in this press release is preliminary and subject
to change. The Company is in the process of finalizing its financial results for
the fourth quarter and fiscal year ended December 31, 2009.
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.
Press
Contact
Jon
Linden, Procera Networks, 1-408-890-7039, jon.linden@proceranetworks.com
Investor
Relations Contact
Cynthia
Hiponia, The Blueshirt Group, 1-415-217-4966,
ir@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.
# #
#
Procera
Networks Inc. • 100 Cooper Court, Los Gatos, CA 95032
Tel:
(408) 354-7200 • Fax: (408) 354-7211 • www.proceranetworks.com