Sandvine Receives Over $4.5 Million In Follow-On Orders; Two European mobile operators expand bill shock notification, service differentiation deploymentsM2 Communications
Waterloo, ON -- Sandvine, (TSX:SVC; AIM:SAND) a leading provider of intelligent broadband network solutions for fixed and mobile operators, today announced that it has received Network Policy Control orders from two Western European mobile operators, totaling over $4.5 million. The orders expand existing Sandvine deployments that enable "bill shock" notification and differentiated subscriber services.
The customers are part of a multinational operator group with properties in Europe and Latin America. Sandvine expects to recognize the majority of related revenues in the first half of 2013.
Tom Donnelly, COO, Sales and Global Services, Sandvine, said, "Sandvine's products are helping these two mobile customers develop new revenue streams through services that capitalize on data growth while maintaining high-touch communications with their subscribers."
Protecting subscribers with safeguards from unexpected charges, or "bill shock", creates a safe environment for them to test the latest apps and rich media services, driving demand for data and smart phone adoption. Sandvine's 2012 Global Internet Phenomena report identified YouTube as a top driver of mobile data, accounting for more than 20% of peak period downstream traffic on European mobile devices.
Scaling to meet the demand, operators are rolling out new services using Sandvine's Usage Management product, built to plug-and-play with 3GPP standards and to reduce the lag between capital spending and service revenue. Usage Management tailors data plans that go beyond basic quota-based services to include service packages such as unlimited email, web browsing, social networking, device-based plans and unlimited smartphone tethering, as just a few examples. ABOUT SANDVINE
Sandvine's network policy control solutions focus on protecting and improving the quality of experience on the Internet. Our award-winning network policy control equipment and software helps fixed and wireless and mobile operators better understand network traffic, manage network congestion, create new services and revenues, mitigate traffic that is malicious or undesirable to subscribers, deliver QoS-prioritized multimedia services and increase subscriber satisfaction. With over 200 service provider customers in over 85 countries, serving hundreds of millions of broadband and mobile data subscribers, Sandvine is enhancing the Internet experience worldwide. For more information, please visit: www.sandvine.com .
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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.
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