RBAK Redback Networks

Redback Networks Inc. (NASDAQ:RBAK), a leading provider of next-generation broadband networking systems, today announced that Yunnan Telecom Co. Ltd., a wholly owned subsidiary of China Telecom Corporation Ltd. in Yunnan Province, has chosen Redback's SmartEdge(R) Service Gateway to expand their network to deliver broadband Internet access, leased-line connectivity and secure VPN services for its rapidly growing subscriber base. Yunnan Telecom is deploying a Smart Broadband Network to enable advanced IP and dedicated services for an increasing number of businesses and residential users in South China. Leveraging the service creation capabilities and high-density Ethernet network interfaces of the SmartEdge platform, Yunnan Telecom is able to deliver next-generation consumer and business IP services from a single platform. "Yunnan Telecom has been a Redback customer for over four years and has very aggressive next-generation network expansion requirements," said Simon Williams, vice president of sales and operations for the Asia Pacific region. "After a thorough evaluation they selected Redback's SmartEdge Service Gateway for its unique ability to combine edge routing, Ethernet aggregation, and advanced subscriber management. Redback's SmartEdge Service Gateway allows Yunnan Telecom to offer personalized services while lowering operating costs and enhancing the overall customer experience." With the Smart Broadband Network, business and residential customers will also be able to take advantage of Yunnan Telecom's tiered bandwidth options for more personalized services that better meet their needs. The subscriber control, scalability, and resiliency of the SmartEdge Service Gateway provides a single, converged IP network that is the foundation for next generation services such as IP video, voice over IP, and data services. "Service providers like Yunnan Telecom look to Redback's SmartEdge Service Gateway because its proven technology supports the full range of next-generation IP services for consumers, business and wholesale customers," said Marco Wanders, chief marketing officer at Redback. "A SmartEdge-enabled broadband network is virtually a one-stop shop for customers like Yunnan Telecom who are expanding their network footprint and delivering new broadband services while addressing the individual needs of their burgeoning subscriber base." The Smart Broadband Network deployment in the Yunnan province is fulfilled through a reseller partnership with Pacific Top Technology Ltd. About Yunnan Telecom Co Ltd Yunnan Telecom Co Ltd is the largest broadband service and comprehensive information provider in Yunnan Province, South China, which also owns the largest provincial fixed-line telephone and PHS networks, covering the whole province. Its services can reach each corner of the rural and urban areas. Yunnan Telecom is mainly operating various kinds of telecom services to meet continued growth in demand. 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 Network's expectations, beliefs, intentions or strategies regarding the future and including, without limitation, statements regarding Yunnan Telecom's ability to expand their network to deliver broadband Internet access, leased-line connectivity and secure VPN services for its rapidly growing subscriber base; and whether we enable advanced IP and dedicated services for an increasing number of businesses and residential users in South China. 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.