RBAK Redback Networks

Redback Networks Inc. (NASDAQ:RBAK), a leading provider of next-generation broadband networking systems, today announced that North American Telecom, a competitive local exchange carrier that offers state-of-the-art IP communications services to business and residential users, has selected Redback Networks' SmartEdge(R) Service Gateway for the expansion of its next-generation network marketed under the Broadsmart(R) label. Leveraging the power of the SmartEdge Service Gateway broadband network infrastructure, North American Telecom's Broadsmart division will strategically roll-out new network collocation facilities in the Southeast region to enable the delivery of high-performance IP-based services with extensive Quality of Service (QoS) capabilities. Redback's highly scalable SmartEdge Service Gateway will also handle the increased subscriber capacity for advanced voice and data services among small and medium businesses and residential customers. "Redback's SmartEdge product is the centerpiece of our network expansion strategy for delivering QoS-driven IP-based communications to users in the Southeast," said Todd A. Correll, chief executive officer at North American Telecom. "As we grow our customer base, the SmartEdge is the ideal solution for delivering multiple services from an integrated platform that we can scale quickly and cost-effectively to meet subscriber demand." North American Telecom's footprint expanded into nine states as the result of a wholesale services agreement, requiring a highly adaptive and efficient broadband platform that can aggregate and deliver multiple IP-based services. In addition to aggregation and subscriber management, Redback's SmartEdge enables Broadsmart to provide advanced services such as hosted VoIP for business customers as well as low-cost VoIP via DSL for consumers. The Broadsmart-Powered by North American Telecom offering utilizes the Redback SmartEdge Service Gateway to facilitate the delivery of advanced IP-based voice services to subscribers via T1 leased lines, DSL and metro Ethernet. "By providing a flexible and scalable broadband solution, Redback is able to help customers like North American Telecom simplify its network expansion, ensure network flexibility for the introduction of future services and reduce operational expenses," said John Spiliotis, Redback's vice president of sales and operations for the Americas. "Furthermore, North American Telecom is able to deliver competitively priced services to enterprises and consumers leveraging the network infrastructure savings from the deployment of our SmartEdge equipment." About Broadsmart-Powered by North American Telecom Broadsmart, a division of North American Telecom, provides a full array of IP based telephony solutions including Hosted IP PBX, Integrated Access, High Speed DSL, Data Storage, and Collocation Services coupled with a traditional residential and business class offering. With an executive management team comprised of industry veterans and experts, Broadsmart is committed to offering the most compelling suite of communications service available. Founded in 2001 and headquartered in Fort Lauderdale, Florida, Broadsmart offers an unparalleled combination of technologies, customer support, and competitive pricing to the competitive local, regional, and long distance phone market. For more information, visit Broadsmart's web site at www.broadsmart.com. About Redback Networks Redback Networks Inc., a leading provider of next-generation broadband networking equipment, enables carriers and service providers to build Smart Broadband Networks that are personalized, adaptive and efficient. The Smart Broadband Network provides advanced IP based subscriber services to consumers, businesses and wholesale customers. The company's carrier-class, scalable SmartEdge product family combines carrier class edge routing, advanced subscriber management and high density Ethernet aggregation functions. In conjunction with the NetOp(TM) Element and Policy Manager platforms the SmartEdge family provides a powerful and flexible infrastructure solution that enables delivery of next-generation Broadband IP 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 Networks' expectations, beliefs, intentions or strategies regarding the future and including, without limitation, statements regarding North American Telecom's selection of Redback's SmartEdge(R) Service Gateway for the expansion of its next-generation network and their ability to strategically roll-out new network collocation facilities in the Southeast region to enable the delivery of high-performance IP-based services with extensive Quality of Service (QoS) capabilities and whether the SmartEdge platform will deliver multiple services that can scale quickly and cost-effectively to meet subscriber demand, in addition to whether Redback is able to help customers like North American Telecom simplify its network expansion, ensure network flexibility for the introduction of future services and reduce operational expenses. 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 Networks' 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.