WATERLOO, ON, Dec. 2, 2014 /CNW/ - Sandvine, (TSX:SVC) a leading provider of intelligent broadband network solutions for fixed and mobile operators, today announced that it has received an expansion order for more than $5 million for its Policy Traffic Switch (PTS) 32000 hardware from a tier-1 North American cable operator. The order was received in Sandvine's fourth quarter of 2014 and the company anticipates that shipment will begin in the first quarter of 2015.
This long-time Sandvine customer was among the first operators to place an order for the PTS 32000 in November, and this order represents continued deployment of multiple next generation PTS 32000s within their network to enable traffic optimization and business intelligence use cases.
In its 2RU form factor, the PTS 32000 delivers PCEF/TDF functionality at the highest scale, with the best performance density and power efficiency of any 100GE network policy control device. Additionally, the PTS 32000's support for 100GE, 40GE, and 10GE interfaces allows operators to embed the Sandvine Policy Engine anywhere in their network as they transition to 100GE.
This order further highlights Sandvine's network policy control leadership among tier-1 North American cable operators, from which Sandvine has announced over $21 million in FY2014 orders. Sandvine has active deployments at five of the six largest MSOs in the region.
"Sandvine continues to be the network policy control vendor of choice for North American cable operators and we believe the PTS 32000 will be a key driver for our continued success throughout 2015." said Tom Donnelly, Sandvine's COO, Sales and Global Services.
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 250 networks in over 90 countries, serving hundreds of millions of data subscribers worldwide, www.sandvine.com.
Certain statements in this press release constitute "forward-looking information" within the meaning of applicable Canadian securities laws and are based on expectations, estimates and projections as of the date of this press release. Forward-looking statements include, without limitation, statements with respect to projected revenues, earnings, growth rates, targets, revenue mix and product plans and the Company's future growth, results of operations, performance and business prospects and opportunities. Forward-looking statements are necessarily based upon management's perceptions of historical trends, current conditions and expected future developments, as well as a number of specific factors and assumptions that, while considered reasonable by the Company as of the date of such statements, are inherently subject to significant business, economic and competitive uncertainties and contingencies which could result in the forward-looking statements ultimately being incorrect. In addition to the various factors and assumptions set forth in this press release, the material factors and assumptions used to develop the forward-looking information include, but are not limited 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 and 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, and that the risk factors noted below, collectively, do not have a material impact on the Company. Such risk factors include, but are not limited to 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, and those factors which are discussed in the Company's 2013 Annual Information Form, a copy of which is available on SEDAR at www.sedar.com. There can be no assurance that forward-looking statements will prove to be accurate, as actual results and future events could differ materially from those anticipated in such statements. The Company disclaims any intention or obligation to update or revise any forward-looking information, whether as a result of new information, future events or otherwise, except to the extent required by applicable law.