Redback Networks Broadband Platform Accepted for US Rural and Communit

    Business Editors/High-Tech Editors

    SAN JOSE, Calif.--(BUSINESS WIRE)--April 11, 2005--Redback Networks Inc. (Nasdaq:RBAK), a leading provider of next-generation broadband networking systems, today announced that it is the first vendor of broadband subscriber management platforms to receive the USDA Rural Utilities Service (RUS) listing, which includes its next-generation SmartEdge(R) 400 and 800 product family and its NetOp(TM) Policy Manager. The RUS listing enables independent operating companies (IOCs) and rural local exchange carriers (RLECs) to obtain RUS broadband loan and grant programs to bring the "Triple Play" combination of high-speed broadband services for video, voice and data to local communities and rural areas. According to the Federal Register (Volume 70, Number 42), $2.157 billion is available this year for loans and loan guarantees under the Rural Broadband Access Loan and Loan Guarantee Program.
    "Living in a rural area no longer means having to be without access to vast, high-speed Broadband Internet content, including video, gaming and distance learning, and Redback Networks is proud to be a part of this effort," said Marco Wanders, Chief Marketing Officer, Redback Networks. "Although Redback platforms support many of the world's largest carrier broadband networks, we have built some unique capabilities into the product line that makes deployment in a rural setting cost-effective for the smaller carrier both from a CAPEX and OPEX perspective. These capabilities, in conjunction with this important funding program, will help make wide-spread rural broadband a reality."
    The Smart Broadband Network, enabled by Redback's SmartEdge Service Gateway platform, provides a single, fully integrated network capable of delivering video, voice and data with a robust infrastructure optimized for value-added services. Smart Broadband Networks from Redback provides bandwidth, scalability, intelligence and reliability to meet the demands of delivering video or television programming over broadband, Voice over IP (VoIP) and Internet data designed to provide an optimal consumer experience and for critical business and personal connectivity. Next-generation broadband services also can give local businesses a greater presence in the world market and make distance learning and remote medical assistance and management a greater reality.
    Next-generation Smart Broadband Networks enable a personal delivery infrastructure that knows users, understands content, governs bandwidth, assures quality and brokers services. Redback's flagship platform, the SmartEdge Service Gateway family, combines advanced broadband aggregation and management with advanced edge routing and IP services in a purpose-built platform.

    About Redback Networks

    Redback Networks Inc., a leading provider of next-generation broadband networking equipment, enables carriers and service providers to build third-generation Smart Broadband Networks that can deliver simplified, personalized, portable subscriber services to consumers and businesses. The company's carrier-class, consumer-scale SmartEdge Router and Service Gateway platforms for Consumer IP combine subscriber management systems and edge routing and, in conjunction with the NetOp(TM) Element and Policy Manager platform, provide a powerful, flexible infrastructure for managing both subscribers and 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 and service providers. 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 Network's expectations, beliefs, intentions or strategies regarding the future and including, without limitation, statements regarding the company's ability to serve independent operating companies and rural local exchanges and benefit from the potential for them to receive loans or loan guarantees from the Federal government, the ability of Redback to provide cost-effective solutions viable for a rural deployment and the ability of Redback products to provide the bandwidth, scalability, intelligence and reliability for meeting the demands of delivering video or television programming over broadband, VoIP and Internet data designed to achieve an optimal consumer experience. 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, and amendments thereto, and the other reports filed from time to time with the SEC.

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CONTACT: Redback Networks Steve Schick, 408-750-5096 (Media) schick@redback.com Investor Relations, 408-750-5130 investor_relations@redback.com

KEYWORD: CALIFORNIA INDUSTRY KEYWORD: HARDWARE TELECOMMUNICATIONS NETWORKING INTERNET E-COMMERCE PRODUCT SOURCE: Redback Networks Inc.

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