RBAK Redback Networks

Redback Networks Inc. (NASDAQ:RBAK), a leading provider of next-generation broadband networking systems, today announced it has completed a successful round of interoperability tests, measuring the SmartEdge� family of multiservice edge routers as a new platform for Ethernet aggregation services as well as IP/MPLS edge routing. The tests are significant for Redback because the carrier Ethernet market in total represents a new growth market up to $1.5 billion by 2008, according to two major research firms, the Yankee Group and Infonetics Research. The successful interoperability tests also demonstrate that Redback�s SmartEdge family of multiservice routers can be a powerful platform to deliver data, voice and video services over a carrier Ethernet infrastructure in a multivendor environment. In a market environment where industry consolidation is driving network consolidation, most experts believe carriers will reduce or eliminate the number of single service networks over time. Multiservice networks have emerged as the primary choice for broadband, phone and TV services. �Interoperability is key to carrier Ethernet services,� said Carsten Rossenhoevel, managing director of the internationally recognized test center EANTC. �Almost all service provider triple play and business Ethernet infrastructures are heterogeneous today.� �The emerging carrier Ethernet market is a great opportunity to accelerate triple play deployments on a worldwide basis,� said Marco Wanders, chief marketing officer, Redback Networks. �In the future, carriers will use fewer networks to deliver more services over a next generation broadband infrastructure. These EANTC tests help validate that Redback is at the forefront of IP and Ethernet networking innovations, offering advanced Ethernet functionality and multivendor compatibility and helping customers differentiate themselves in an increasingly competitive IP services market.� The recent interoperability test event at the carrier Ethernet World Congress ensures that the Metro Ethernet Forum (MEF) specifications are implemented consistently worldwide for all participating vendors. Service providers will be more confident to deploy carrier Ethernet once they can trust that multiple components will actually work together in realistic environments. Redback joined 16 other network hardware companies in the interoperability tests. The tests were conducted over eight days and were managed by the European Advanced Networking Test Center (EANTC). Redback products were tested as an Ethernet aggregation and services router and as a multiservice edge router. Among the services tested for router interoperability was IPTV. Redback is at the center of some of the largest IPTV deployments in the China, Korea and U.S. markets today. Eleven of the top 20 DSL carriers worldwide deploy Redback's SmartEdge multiservice edge routers to deliver various 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 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 the expected that the carrier Ethernet market in total represents a new growth market as large as $1.5 billion by 2008, the expected ability of Redback products to be a powerful platform to deliver data, voice and video services over a carrier Ethernet infrastructure in a multi-vendor environment, and the expectation that carriers will reduce or eliminate the number of single service networks over time. 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 risks associated with our outsourcing vendors and the systems we use to forecast our inventory needs. 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 the Annual Report on Form 10-K for the period ended March 31, 2006, the Quarterly Report on Form 10-Q for the period ended June 30, 2006, and other recent reports on Form 8-K, and amendments thereto, and the other reports filed from time to time with the SEC. Redback Networks Inc. (NASDAQ:RBAK), a leading provider of next-generation broadband networking systems, today announced it has completed a successful round of interoperability tests, measuring the SmartEdge(R) family of multiservice edge routers as a new platform for Ethernet aggregation services as well as IP/MPLS edge routing. The tests are significant for Redback because the carrier Ethernet market in total represents a new growth market up to $1.5 billion by 2008, according to two major research firms, the Yankee Group and Infonetics Research. The successful interoperability tests also demonstrate that Redback's SmartEdge family of multiservice routers can be a powerful platform to deliver data, voice and video services over a carrier Ethernet infrastructure in a multivendor environment. In a market environment where industry consolidation is driving network consolidation, most experts believe carriers will reduce or eliminate the number of single service networks over time. Multiservice networks have emerged as the primary choice for broadband, phone and TV services. "Interoperability is key to carrier Ethernet services," said Carsten Rossenhoevel, managing director of the internationally recognized test center EANTC. "Almost all service provider triple play and business Ethernet infrastructures are heterogeneous today." "The emerging carrier Ethernet market is a great opportunity to accelerate triple play deployments on a worldwide basis," said Marco Wanders, chief marketing officer, Redback Networks. "In the future, carriers will use fewer networks to deliver more services over a next generation broadband infrastructure. These EANTC tests help validate that Redback is at the forefront of IP and Ethernet networking innovations, offering advanced Ethernet functionality and multivendor compatibility and helping customers differentiate themselves in an increasingly competitive IP services market." The recent interoperability test event at the carrier Ethernet World Congress ensures that the Metro Ethernet Forum (MEF) specifications are implemented consistently worldwide for all participating vendors. Service providers will be more confident to deploy carrier Ethernet once they can trust that multiple components will actually work together in realistic environments. Redback joined 16 other network hardware companies in the interoperability tests. The tests were conducted over eight days and were managed by the European Advanced Networking Test Center (EANTC). Redback products were tested as an Ethernet aggregation and services router and as a multiservice edge router. Among the services tested for router interoperability was IPTV. Redback is at the center of some of the largest IPTV deployments in the China, Korea and U.S. markets today. Eleven of the top 20 DSL carriers worldwide deploy Redback's SmartEdge multiservice edge routers to deliver various 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 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 the expected that the carrier Ethernet market in total represents a new growth market as large as $1.5 billion by 2008, the expected ability of Redback products to be a powerful platform to deliver data, voice and video services over a carrier Ethernet infrastructure in a multi-vendor environment, and the expectation that carriers will reduce or eliminate the number of single service networks over time. 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 risks associated with our outsourcing vendors and the systems we use to forecast our inventory needs. 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 the Annual Report on Form 10-K for the period ended March 31, 2006, the Quarterly Report on Form 10-Q for the period ended June 30, 2006, and other recent reports on Form 8-K, and amendments thereto, and the other reports filed from time to time with the SEC.