RBAK Redback Networks

Redback Networks Inc. (NASDAQ:RBAK), a leading provider of next-generation broadband networking systems, today announced that the International Engineering Consortium (IEC) has honored Redback's SmartEdge(R) 100 with an InfoVision Award in the "Metro Network Technologies and Services" category. Winners representing top broadband innovation in Asia received the award at the IEC's Broadband World Forum Asia 2006 event in Hong Kong last week. "The InfoVision Awards recognize technologies, applications, and products that are unique and beneficial to the telecommunications industry," said Roger Plummer, IEC executive vice president. "We are proud to congratulate some of the brightest innovative companies whose contributions significantly benefited the information and communications industry as well as the community." "We are continually expanding our family of IP routers striving to develop innovative products that can provide significant and tangible benefits to the service provider community," said Marco Wanders, chief marketing officer, Redback Networks. "The SmartEdge 100 is designed to help service providers provide next-generation IP services such as VoIP, IPTV and video-on-demand, and the InfoVision Award helps to independently validate the potential benefits that we believe that service providers can realize when they leverage Redback's innovative technology." InfoVision Award winners were judged anonymously by a review committee composed of industry experts from vendor companies, service providers and industry associations. Criteria included originality, vision, potential contribution toward positive industry growth and service, quality of innovation, market success, contribution to end-user satisfaction and service efficiency. Submissions were also evaluated on the value of the service or technology in solving recognized technology problems, meeting network requirements, optimizing service and performance and enhancing customer service. InfoVision Award recipients were honored during a special luncheon held on May 17 at the Hong Kong Convention and Exhibition Centre. Mr. Wanders accepted the InfoVision Award on the company's behalf. Finalists in the Metro Network Technologies and Services category included Redback Networks, Lucent and Alcatel. About the International Engineering Consortium (IEC) The IEC is a nonprofit organization dedicated to catalyzing technology and business progress worldwide in a range of high-technology industries and their university communities. Since 1944, the IEC has provided high-quality educational opportunities for industry professionals, academics, and students. In conjunction with industry-leading companies, the IEC has developed an extensive, free, on-line educational program. The IEC conducts industry-university programs that have substantial impact on curricula. It also conducts research and develops publications, conferences, and technological exhibits that address major opportunities and challenges of the information age. More than 70 leading high-technology universities are IEC affiliates, and the IEC handles the affairs of the Electrical and Computer Engineering Department Heads Association and Eta Kappa Nu, the honor society for electrical and computer engineers. The IEC also manages the activities of the Enterprise Communications Consortium. Please visit www.iec.org. 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(R) product family combines carrier-class edge routing, advanced subscriber management and high density Ethernet aggregation functions. In conjunction with the NetOp 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 trademarks, service marks, registered trademarks or registered service marks of their respective owners. Note Regarding Forward-Looking Statements 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. These statements include but are not limited to statements regarding our expectations, beliefs, intentions or strategies regarding the future and including, without limitation, statements regarding the use of our SmartEdge products and the anticipated benefits to service providers, including whether service providers will experience capital and operational savings and whether our products will provide significant and tangible benefits to the service provider community. All forward-looking statements included in this document are based upon information available to us as of the date hereof, and we assume 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 our 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, our Registration Statement on Form S-3ASR (File No. 333-133903), and amendments thereto, and the other reports filed from time to time with the SEC.