RBAK Redback Networks

Redback Networks Inc. (NASDAQ:RBAK), a leading provider of next-generation broadband networking systems, today announced that Vanco, the leading global Virtual Network Operator (VNO) providing the design, implementation, and secure management of global corporate networks, has selected Redback's SmartEdge(R) Service Gateway to complement its MPLS VPN service offering. Vanco will use the SmartEdge platform to provide the integration of MPLS VPN products from a wide range of carriers in multiple locations, resulting in a seamless multi-carrier MPLS product with class of service remarking, any-to-any functionality and end to end service level agreements for Vanco's customers. "We needed a platform that was both scalable and reliable," said John Locke, chief technology officer at Vanco. "The SmartEdge platform clearly demonstrated its scalability during the extensive testing process." "Redback has worked with customers around the world to develop the SmartEdge platform's MPLS VPN capabilities," said Magnus Almquist, vice president of operations in Europe, the Middle East and Africa for Redback Networks. "Working with our top tier customer base, we have created a product portfolio that combines the latest features without sacrificing performance and resiliency. The SmartEdge product line was purpose-built for the rigorous demands of highly available, resilient, and secure carrier networks. Its BGP scalability and virtual routing capability allowed Vanco to significantly reduce the number of managed elements in their network and thereby simplify their network operations." The SmartEdge Router provides industry-leading density and performance with 480 line-rate Gigabit Ethernet ports in a standard 7 foot rack. The PPA2 Broadband IP Engine can forward 216 million packets per second and support 2.5 million routes and 3,000 virtual routers. The combination of resiliency and performance scales the network both technically and operationally. 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 Networks' expectations, beliefs, intentions or strategies regarding the future and including, without limitation, statements regarding Vanco's selection of Redback's SmartEdge Router, whether Vanco will use the SmartEdge platform as expected, and the expected benefits of such products for Vanco and its customers. 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, including without limitation potential product defects or problems in the implementation of the SmartEdge products or other factors affecting the timing, scope and scale of Vanco's actual use of the SmartEdge products. 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 Redback's Quarterly Report on Form 10-Q for the period ended September 30, 2005, other recent annual and quarterly reports, Form 8-K, and amendments thereto, and the other reports filed from time to time with the SEC.