RBAK Redback Networks

Redback Networks Inc. (NASDAQ:RBAK), a leading provider of next-generation broadband networking systems, today announced that its SmartEdge(R) multi-service edge routers have been selected by True Corporation Public Company Limited, formerly Telecom Asia, as the platform for its next generation broadband IP network infrastructure. Faced with increasing demand for high-speed broadband internet connectivity and services, True Corporation Plc., Thailand's largest broadband operator, needed to evolve its existing Internet infrastructure to address the growing broadband IP demands of both its residential and business customers. In addition to accommodating large scale increases in subscriber numbers, True also revealed aggressive plans to extend its product range and provide triple-play services (data, voice and video) in the future. "Thailand is one of the fastest growing broadband markets in the world," said Haroon Butt, a senior analyst at Point Topic, a broadband market research company. "Today, Thailand has deployed more than 400,000 high-speed Internet lines, and is expected to double that number in the next 12 months." "When planning our next-generation broadband network, it was important that the chosen system would not only efficiently scale to meet the increases in our subscriber base, but also be powerful enough to provide a foundation for a range of value-added, subscriber-centric services going forward," said Dr. Viriya Upatising, Chief Technical Officer of TRUE Internet Co., Ltd. "Redback's SmartEdge multi-service edge router provides the subscriber and bandwidth scalability we require, and the performance and intelligence necessary to launch our new services." "We are pleased to be a key element in True's broadband vision," said Simon Williams, Redback's vice president of sales and operations for the Asia and Pacific region. "True has a large and rapidly growing subscriber base that is knowledgeable and demanding. The result is an audience who readily embrace new broadband based services." The SmartEdge platform delivers the strength of Redback's advanced subscriber management capabilities with the SmartEdge platform's purpose-built hardware and software to provide: -- subscriber management with dynamic policy enforcement, -- carrier-class IP routing, -- ATM and Metro Ethernet aggregation, -- MPLS VPNs, -- advanced video capabilities, including multicast, and -- hierarchical and high performance Quality of Service (QoS) Redback Networks' NetOp(TM) Policy Manager, a comprehensive policy management solution working in unison with the SmartEdge multi-service edge router and other Redback products, is a portal that allows service providers to quickly define, design and deploy new value-added, revenue generating services in a risk-minimized, cost-effective manner. Redback is working through one of its reseller Partners to implement the solution at True Corporation. Eleven of the top 20 carriers worldwide deploy Redback's SmartEdge family of multi-service edge routers to deliver multiple broadband services to tens of millions of business and residential customers worldwide. These customers include British Telecom, Belgacom, BellSouth, China Telecom, China Netcom, Chunghwa Telecom, France Telecom and Turk Telecom, among others. About True Corporation Plc True Corporation Public Company Limited is Thailand's only fully-integrated communication solutions provider, convergence leader and prime lifestyle enabler. True provides consumers, small and medium enterprises, and corporations with a full range of voice, data and multimedia solutions customized to meet their needs. True is the largest wireline service provider in Bangkok, the largest broadband provider in the country and a major player in the wireless, cellular and Internet markets. Principal subsidiary companies in the True Group include UBC, Thailand's dominant pay television operator, and True Move, a major mobile phone service provider. For more information please visit: http://www.truecorp.co.th. About Redback Networks Redback Networks Inc. manages 40 million broadband connections for 15 of the top 20 carriers worldwide. Redback's multi-service routing platform delivers next generation broadband services such as VoIP, IPTV, On-Demand Video and on-line gaming. Redback Networks has more than 500 carrier customers worldwide and is based in San Jose, CA. In 2006, Redback marks its 10 year anniversary, celebrating ten years of broadband innovation. 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 True Corporation's plans to utilize the SmartEdge multi-service edge router platform, the expected growth of True's customer base and business, the SmartEdge platform's ability to efficiently scale to meet the demands of True's customer base, and the expectation that Thailand will double its number of high-speed Internet lines in the next twelve months. 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 for the fiscal year ended December 31, 2005, Form 10-Q for the quarter ended June 30, 2006, Forms 8-K, and amendments thereto, and the other reports filed from time to time with the SEC.