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OVRL (MM)

3.48
0.00 (0.00%)
After Hours
Last Updated: 01:00:00
Delayed by 15 minutes
Share Name Share Symbol Market Type
(MM) NASDAQ:OVRL NASDAQ Ordinary Share
  Price Change % Change Share Price Bid Price Offer Price High Price Low Price Open Price Shares Traded Last Trade
  0.00 0.00% 3.48 0.00 01:00:00

Procera Networks, Inc. Announces that Scott McClendon, Chairman of the Board of Overland Storage, to Join Procera's Board of Dir

26/02/2004 1:00pm

PR Newswire (US)


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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/

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