Redback Networks Inc. (Nasdaq:RBAK), a leading provider of next-generation broadband networking systems, today announced that Henan Communication Corporation, one of the largest service providers in China and a subsidiary of China Netcom, has deployed Redback's SmartEdge(R) family of routers for a major network build-out that supports broadband services for business and residential customers throughout China's Henan province. Henan Communication provides advanced IP-based services to the Henan Province, which is home to more than 100 million residents and the largest population of China's provinces. Redback's SmartEdge routers were selected because of their proven flexible and reliable subscriber management and edge routing capabilities. The scalable SmartEdge solution also met vigorous network design requirement as Henan Communication plans to expand their subscriber base by nearly 50% in the near future. "Redback's technology is designed to provide an all-in-one IP-based broadband solution for service providers like Henan Communication, who are planning to grow their subscriber base aggressively by offering value added services in addition to high bandwidth access services," said Simon Williams, vice president of sales and operations for the Asia Pacific region at Redback. "Utilizing Redback's technology, Henan Communication has the capability to offer their business and residential customers advanced broadband services on a single, converged network, optimizing operational expenses." The implementation of Redback's SmartEdge service capabilities provides Henan Communication the infrastructure to offer value-added consumer and business broadband services to their rapidly growing subscriber base. New services to be enabled for Henan Communication's customers include high-speed internet, Video on Demand (VoD), online gaming and MPLS VPN connectivity. "The SmartEdge platform stands apart from other solutions because of its highly scalable and reliable architecture that offers differentiated quality of service for personalized high-bandwidth service offerings such as IP video," said Marco Wanders, chief marketing officer at Redback Networks. "With the SmartEdge enabled architecture, Henan is in the position to optimize their network operations and reduce the time to market for new IP based services." 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. 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 Henan Communication Corporation's expected use of the SmartEdge products and the anticipated benefits to Henan Communication Corporation, including whether Henan Communication Corporation optimizes operational expenses, reduces time to market for new IP based services, or enables video on demand, online gaming, or MPLS VPN connectivity. 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.
Redback (NASDAQ:RBAK)
Historical Stock Chart
From Jun 2024 to Jul 2024 Click Here for more Redback Charts.
Redback (NASDAQ:RBAK)
Historical Stock Chart
From Jul 2023 to Jul 2024 Click Here for more Redback Charts.