RBAK Redback Networks

Redback Networks Inc. (Nasdaq:RBAK), a leading provider of next-generation broadband networking systems, today announced that Seednet, Taiwan's second largest Internet service provider, has deployed the SmartEdge(R) Service Gateway platform for its next generation converged broadband service network, which will provide video, voice and advanced data services throughout Taiwan. "As a broadband leader in Taiwan, Seednet has experienced tremendous growth by adapting quickly to market needs and offering innovative services," said Simon Williams, vice president of sales and operations for the Asia Pacific region at Redback. "The SmartEdge platform enables effective service delivery and provides the network capacity and performance for current and future broadband services." The next generation network will be used to enable Seednet's IPTV, VoIP, and high speed Internet services for both consumers and businesses. The IPTV service, Digital Family Center (DFC), includes over 200 channels and combines both analog and digital video programming. In addition to traditional broadcast entertainment, DFC also includes personalized, on-demand video for feature length films and television shows. Taiwan has extremely advanced broadband services with consumer service speeds of up to 12 Mbps. The Taiwanese government initiated a nationwide broadband adoption program called the e-Government project in June 2004. As part of the initiative, the government has allocated NT$30 billion to construct a nationwide broadband network. The project will be deployed in phases which started in 2004 and will run to 2010. About Redback Networks Redback Networks Inc., a leading provider of next-generation IP broadband networking equipment, enables carriers and service providers to build Smart Broadband Networks that can deliver simplified, personalized and portable subscriber services to consumers and businesses. The company's carrier-class, consumer-scale SmartEdge Router and Service Gateway platforms combine subscriber management, IP edge routing and ethernet aggregation functions. In conjunction with the NetOp(TM) Element and Policy Manager platforms they provide a powerful, flexible infrastructure for managing both residential and business users and deploying a variety of value-added services. Founded in 1996 and headquartered in San Jose, Calif., with sales and technical support centers located worldwide, Redback Networks maintains a growing and global customer base of more than 500 carriers and service providers, including major local exchange carriers (LECs), inter-exchange carriers (IXCs), PTTs, service providers and ISPs. For more information, visit Redback Networks at www.redback.com. REDBACK and SmartEdge are trademarks registered at the U.S. Patent and Trademark Office and in other countries. NetOp is a trademark of Redback Networks Inc. All other products or services mentioned are the trademark, service marks, registered trademarks or registered service marks of their respective owners. Safe Harbor Statement under the Private Securities Litigation Reform Act of 1995 The statements contained in this press release that are not purely historical are forward-looking statements within the meaning of Section 21E of the Securities and Exchange Act of 1934, as amended, including statements regarding Redback Network's expectations, beliefs, intentions or strategies regarding the future and including, without limitation, statements regarding the SmartEdge platform's ability to enable Seednet to provide IPTV, VoIP, and high speed Internet services for both consumers and businesses; and whether the Taiwan government's initiative to allocate NT$30 billion will continue to be deployed until 2010. All forward-looking statements included in this document are based upon information available to Redback Networks as of the date hereof, and Redback Networks assumes no obligation to update any such forward-looking statements. Forward-looking statements involve risks and uncertainties, which could cause actual results to differ materially from those projected. These risks and other risks relating to Redback Network's business are set forth in the documents filed by Redback Networks with the Securities and Exchange Commission (SEC), specifically the most recent report on Form 10-K, Form 10-Q, Form 8-K, Redback's Registration Statement on Form S-3 (File No. 333-114352), and amendments thereto, and the other reports filed from time to time with the SEC.