RBAK Redback Networks

Redback Networks Inc. (NASDAQ:RBAK), a leading provider of next-generation broadband networking systems, today announced the extension of its industry-leading SmartEdge(R) Service Gateway family, with the addition of the SmartEdge 100 platform. The extension allows the SmartEdge family to address additional network segments, enabling service providers to deliver personalized IP-based services to their customers. SmartEdge 100 is a compact two rack-unit (2RU) form-factor multi-service broadband aggregation platform that unifies high-performance, carrier-class IP routing and advanced subscriber management capabilities, enabling the delivery of residential triple-play broadband services, including Voice over IP (VoIP), real-time video and content delivery, and business Ethernet services such as Multi-Protocol Label Switching (MPLS) and Virtual Private LAN Service (VPLS) based Virtual Private Networks. "The addition of SmartEdge 100 demonstrates our commitment to product and technology innovation and expands the SmartEdge family into the broadest next generation IP services delivery portfolio of products and solutions," said Kevin DeNuccio, president and chief executive officer, Redback Networks. "By leveraging our proven and award-winning silicon and software, we have broken the price/performance barrier and further extended the deployability of SmartEdge technology throughout the network. This allows us to expand our addressable market by reaching more places in the broadband network, enabling our customers to offer the full range of IP-based services while achieving a lower total cost of ownership." Extending SmartEdge Service Gateway Portfolio SmartEdge 100 extends Redback Networks' SmartEdge product portfolio by enabling service providers to address network segments with consistency of scale and services, while optimizing per-subscriber capital costs. In addition to the other members of the product family, SmartEdge 100 cost-effectively addresses network segments where fewer subscribers and ports are required and enables deployments such as remote central office (COs) sites and distributed Points-of-Presence (PoPs). Furthermore, SmartEdge 100 effectively addresses new network deployments such as wireless network aggregation and back-haul, rural central offices, and Multi-Tenant Units (MTUs) such as university dormitory, hospitality, healthcare and government organizations looking to deliver personalized, per-subscriber services and control. Industry-Leading Innovations Redback continues to deliver innovations by making the renowned SmartEdge Service Gateway functions, integration, scale and reliability available in a compact rack-mountable device. SmartEdge 100 leverages the production-proven modular SmartEdge Operating System (SEOS) software and fully programmable Broadband IP engine hardware innovations to deliver full flexibility to its customers, enabling them to deliver the full range of IP-based services. Breakthrough Price/Performance SmartEdge 100 significantly raises the price/performance bar by making advanced functionality more affordable and attainable for triple-play network segments where fewer subscribers and ports are required. The breakthrough in price/performance stems from integrating into a single product functions that typically require multiple products, while offering outstanding performance and availability levels. With an inherent ability to identify and deliver specific and unique services on a personalized basis, the SmartEdge 100 delivers performance predictability with outstanding subscriber and service scalability, resulting in seamless delivery of revenue-generating IP-based services. As a result, service providers can now create unsurpassed service differentiation and competitive advantage throughout their broadband networks while achieving a lower overall Total Cost of Ownership. "Redback Networks continues to develop high-quality, edge routing solutions based on the SmartEdge platform for our next-generation IP-based service delivery strategy," said Francois Paulus, general manager, network & marketing division, Neuf Cegetel. "The SmartEdge 100 meets our needs in terms of service flexibility, resiliency and investment protection as well as capacity requirements. Given the design and engineering behind the SmartEdge 100, we can deliver leading-edge IP services to our subscribers, without the burden of high operational costs. It's a win-win situation for us and our customers." SmartEdge 100 delivers advanced subscriber management for up to 8,000 simultaneous subscribers with advanced traffic management, Hierarchical Quality of Service (HQoS), efficient and scalable multicast and many other functions to enable service providers to differentiate their IP services portfolio. SmartEdge 100 is fully supported by NetOp(TM) Policy Manager and NetOp Element Management System, providing operational consistency and familiarity across the SmartEdge portfolio while enabling rapid deployment of advanced broadband subscriber services. Precision-engineered for the bandwidth and service demands of advanced triple play networks, SmartEdge 100 delivers up to 12 Gbps of throughput with 8 Mpps performance and blends the advantage of a lower cost, fixed-configuration platform with the flexibility of interface modularity. SmartEdge 100 offers two fixed Gigabit Ethernet ports that support copper or fiber connections and two FlexSlots that support modular Media Interface Cards (MICs). Availability SmartEdge 100 is orderable now and is scheduled to ship in the second quarter of 2006. About Redback Networks Redback Networks Inc., a leading provider of next-generation broadband networking systems, 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 the expected availability of the SmartEdge 100 product and the expected performance and price benefits of the SmartEdge 100 product, including the ability of the SmartEdge family of products to be deployed in any network segment at a low total cost of ownership. 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 delays in the availability or shipment of the SmartEdge 100 product, potential product defects or problems in the implementation of the SmartEdge products or other factors affecting the expected performance of the product. 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, Forms 8-K, and amendments thereto, and the other reports filed from time to time with the SEC.