Overland Storage (NASDAQ:OVRL)
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Procera Networks, Inc. Announces that Scott McClendon, Chairman of the Board of
Overland Storage, to Join Procera's Board of Directors
CAMPBELL, Calif., Feb. 26 /PRNewswire-FirstCall/ -- Procera Networks, Inc.
(BULLETIN BOARD: PRNW) , a manufacturer of Intelligent Content Management and
Security products, is pleased to announce that Mr. Scott McClendon, Chairman of
the Board of Overland Storage will be joining the Procera Networks Board of
Directors effective March 1, 2004.
Mr. McClendon bringsa wealth of operational experience and knowledge to
Procera's Board at a time when the company is expecting strong growth. Mr.
McClendon had a 32-year Hewlett Packard career in progressively responsible
positions, including six years as the General Manager of their $400M Color
Printer and Drafting Plotter Businesses. In 1991, Mr. McClendon left Hewlett
Packard to become the President and CEO of Overland Storage in San Diego, CA.
During his time as CEO, the company's revenues grew from $7M per year to $200M+
per year. He conducted a very successful initial public offering in 1997. In
2001, Mr. McClendon was promoted to Chairman of Overland's Board and currently
maintains that position.
Mr. McClendon has a BSEE and MSEE from Stanford University and has received
several industry honors including Executive of the Year, 2001 by the University
of California, San Diego's Engineering School. Mr. McClendon is a member of
several other company boards and advisory teams. Mr. McClendon is also very
active in community affairs and has been the Chairman of the San Diego United
Way Drive, and a member of several other community groups. Mr. McClendon is
committed to education and has been on the University of California, San Diego
Jacobs School of Engineering Advisory Council.
Doug Glader, CEO of Procera Networks stated, "We are incredibly fortunate to
have identified a senior business executive of Scott's caliber to join our
Board. He brings a tremendously strong business background in the development,
operations, marketing and sale of high technology products to our team at a time
when we are investing heavily in this area. This experience coupled with
Scott's proven leadership and reputation for integrity and professionalism make
him a great addition to Procera's Board."
About Procera Networks, Inc.
Procera Networks, Inc. is a hardware and software development company. Procera
has successfully developed a hardware-based, scalable, Layer 7 switching and
network management system that operates at full wire-speed. Their products
enable full Layer 7 packet processing to be integrated with switching and
routing without degrading network speed or latency, with user-defined policies
for filtering, prioritizing, rate limiting and monitoring network traffic.
Their markets include various business enterprises, distributors, Internet
service providers and OEMs. Their proprietary software and hardware provide a
differentiated Layer 7 switching and network management solution, and their
technology can be applied to a wide range of data switching and management.
More information on Procera Networks, Inc. can be found on the World Wide Web at
http://www.proceranetworks.com/ .
FORWARD-LOOKING STATEMENTS
This press release includes certain "Forward-Looking Statements" within the
meaning of section 21E of the United States Securities Exchange Act of 1934, as
amended. All statements regarding potential results and future plans and
objectives of the Company, are forward-looking statements that involve various
risks and uncertainties. There can be no assurance that such statements will
prove to be accurate and actual results and future events could differ
materially from those anticipated in such statements. Important factors that
could cause actual results to differ materially from our expectations include,
but are not limited to, those factors that are disclosed under the heading "Risk
Factors" and elsewhere in our documents filed from time to time with the United
States Securities and Exchange Commission and other regulatory authorities.
Contact Information:
Procera Networks, Inc.
Patrick Wong
+1-408-874-4414
E-mail:
DATASOURCE: Procera Networks, Inc.
CONTACT: Patrick Wong of Procera Networks, Inc., +1-408-874-4414, or
Web site: http://www.proceranetworks.com/