RBAK Redback Networks

Redback Networks Inc. (Nasdaq:RBAK), a leading provider of next-generation broadband networking systems, today announced that Guangdong Telecom, the largest subsidiary of China Telecom Group, has selected Redback's SmartEdge(R) family of routers to expand their consumer and business broadband network for next generation data, voice and video offerings including IP television (IPTV). Guangdong Telecom plans to use Redback's SmartEdge routers to service-enable its existing xDSL and Ethernet access networks. By providing a centralized service control point, Guangdong Telecom is able to offer the same advanced next generation services to all their customers regardless of the access technology being used. In addition, the innovative service architecture is expected to reduce operations expenses by simplifying the network architecture and consolidating both business and consumer services onto a single network. SmartEdge routers are expected to be deployed at the network edge, aggregating all the broadband service traffic and directly connecting to the core network. In addition to offering new consumer broadband services such as tiered bandwidth, Guangdong Telecom plans to leverage the edge routing capabilities of the SmartEdge routers in the future for business-class VPN services using advanced Hierarchical Quality of Service (HQoS) and standards-based MPLS. "SmartEdge routers are designed to simplify a service provider's operations by enabling a converged IP network to deliver video, voice and data services, while providing industry leading reliability and service availability," said Simon Williams, vice president of sales and operations for the Asia Pacific region at Redback. "Redback has purpose-built the platform to deliver high bandwidth, next generation services, and we are excited to be working with a visionary service provider, such as Guangdong Telecom, to help deliver a new era of triple play services to some of the most advanced broadband markets in China." Guangdong Telecom currently serves over three million subscribers across the province and the SmartEdge routers will be deployed in the top three cities, Guangzhou, Shenzhen and Dongguan. 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 SmartEdge Router family integrates edge routing, Ethernet aggregation, and subscriber management. 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. SMS and NetOp are trademarks 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 Guangdong Telecom's expected use of the SmartEdge products and the anticipated benefits to Guangdong Telecom, including whether Guangdong Telecom reduces operations expense or deliver consumer and business-class services on a single, converged network to deliver advanced voice, data, and video services such as IP television or VPN services. 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 related prospectus supplements, and amendments thereto, and the other reports filed from time to time with the SEC.