Sandvine Corporation SANDVINE RECEIVES $6.5 MILLION IN EXPANSION ORDERS (0159V)
08 1월 2013 - 9:00PM
UK Regulatory
TIDMSAND
RNS Number : 0159V
Sandvine Corporation
08 January 2013
For immediate release
SANDVINE RECEIVES OVER $6.5 MILLION IN EXPANSION ORDERS
Top-5 Asian operator continues to rollout Service Creation and
Traffic Management capabilities
Waterloo, ON; January 8, 2013 - Sandvine, (TSX:SVC; AIM:SAND) a
leading provider of intelligent broadband network solutions for
fixed and mobile operators, today announced that it has received
more than $6.5 million in follow-on Network Policy Control orders
from a Top-5 Asian communications service provider. Sandvine
announced initial orders from the customer in May 2012.
"This is a multi-phase project and the deployment has proceeded
as expected. We are just beginning the second phase," said Tom
Donnelly, COO, Sales and Global Services. "We have been able to
demonstrate our ability to measure application usage on a granular
basis and provide meaningful streaming video metrics based on
device, display characteristics and transport quality. We will now
start to expand those capabilities as well as our traffic
management solution across additional network locations."
Since May 2012, Sandvine has announced orders from certain
Tier-1 Asian operators that total approximately $20 million and has
reported the highest market share in the region.
"Our customer base cuts a swath across Asia Pacific, including
Japan, Australia, Hong Kong, Korea, Singapore, Indonesia, Malaysia,
Thailand and elsewhere. By coupling unmatched innovation with
compliance to the relevant quality and technical standards, our
products are well-suited to the technically demanding Asian
markets," said Mr. Donnelly.
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ABOUT SANDVINE
Sandvine's network policy control solutions add intelligence to
fixed, mobile and converged communications service provider
networks to enable services that can increase revenue and reduce
network costs. Powered by Sandvine's Policy Engine and SandScript
policy language, Sandvine's networking equipment performs
end-to-end policy control functions including traffic
classification, and policy decision and enforcement across the
data, control and business planes. Sandvine's products provide
actionable business insight, the ability to deploy new subscriber
services and tools to optimize traffic while enhancing subscriber
Internet quality of experience.
Sandvine's network policy control solutions are deployed in more
than 200 networks in over 85 countries, serving hundreds of
millions of data subscribers worldwide, www.sandvine.com.
INVESTOR RELATIONS CONTACT MEDIA CONTACT AIM NOMAD
Rick Wadsworth Sacha DeGroot Andrew Chubb/Simon
Sandvine Sandvine Bridges
+1 519 880 2400 ext. 3503 +1 519 880 2400 Canaccord Genuity
rwadsworth@sandvine.com x 2232 Limited
sdegroot@sandvine.com +44 0207 523 8000
FORWARD-LOOKING STATEMENTS
Certain statements in this release which are not historical
facts constitute forward-looking statements or forward-looking
information within the meaning of applicable securities laws
("forward-looking statements") and are made pursuant to the "safe
harbour" provisions of such laws. Statements related to the scope
of deployment of Sandvine's products by a specific customer and the
potential revenue opportunity with any particular customer or in
any market segment are forward looking statements. In addition this
release may also reference certain orders that have not yet
resulted in revenues for Sandvine and there is no assurance that
such orders will result in revenue or the timing upon which such
may occur. There may be conditions or other circumstances that may
impact if and when such orders actually translate to revenue.
Readers are cautioned not to place undue reliance upon any such
forward-looking statements. Such forward-looking statements involve
both known and unknown risks and uncertainties that may cause the
actual results, performance or achievements of Sandvine to differ
materially from the results, performance, achievements or
developments expressed or implied by such forward-looking
statements. These risks and uncertainties include, without
limitation, changes in internal deployment strategies or plans by
specific customers; the growth of broadband internet usage and
levels of capital spending on broadband network management systems;
the timing of orders and manufacturing lead times; changes in
customer order patterns or customer mix; insufficient, excess or
obsolete inventory; increased competition in the broadband network
equipment industry; dependence on the timely development and market
acceptance of new product offerings and standards; rapid
technological and market change; manufacturing and sourcing risks
including dependence on key suppliers and key technologies;
dependence upon indirect channel sales and resellers; factors such
as business and economic conditions and growth trends in the
broadband network equipment industry and in various geographic
regions; global economic conditions and uncertainties in the
geopolitical environment including the impact of regulation related
to the internet and the delivery of internet services.
Forward-looking statements are based on management's current plans,
estimates, projections, beliefs and opinions, and Sandvine does not
undertake any obligation to update forward-looking statements
should assumptions related to these plans, estimates, projections,
beliefs and opinions change.
This information is provided by RNS
The company news service from the London Stock Exchange
END
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