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Redback Networks and ZTE Corporation Sign Strategic Distribution Agreement to Expand Reach in Asia Market

Posted on: Tuesday, 16 September 2003, 06:00 CDT

SAN JOSE, Calif.--(BUSINESS WIRE)--Sept. 16, 2003--

China's Leading Telecommunications Equipment Manufacturer To

Market and Resell Redback's SMS Product Family Throughout Asia

Redback Networks Inc. (Nasdaq:RBAK), a leader of next-generation broadband networking systems, and ZTE Corporation, the leading telecommunications equipment manufacturer and network solution provider in China, today announced they have entered into a strategic distribution agreement. Under the terms of the agreement, ZTE Corporation will market and resell the Redback(R) SMS(TM) subscriber management family of products under the ZTE label throughout Asia and also provide installation and direct support to customers.

"The distribution agreement with Redback gives us the ability to offer service providers throughout our region an end-to-end solution that they can quickly deploy to manage broadband services and drive revenue growth," said a spokesperson from ZTE Corporation in China. "Our customers benefit from the convenience and cost-efficiencies achieved by working directly with ZTE, a company committed to delivering high-quality, proven solutions and great customer service."

Redback's SMS family of products enables service providers and carriers to manage, provision and aggregate broadband, leased-line and dial-up subscribers and services via a single, unified platform. As an intelligent networking platform, Redback's products are designed to speed the deployment of broadband services to market, provide a scalable operational model for managing subscribers and enable the creation of new value-added services including VPNs, self-provisioned tiered bandwidth, video multicast and Web portal services.

"By aligning our products and services with a global leader like ZTE Corporation, we can significantly expand our reach to customers throughout Asia with the same level of quality and support they have come to expect from Redback," said Joel Arnold, senior vice president of strategy and partnerships for Redback Networks. "As the broadband infrastructure throughout Asia continues to undergo rapid growth, our ongoing relationship with ZTE enables us to play a key role in the development and delivery of high-bandwidth, value-added services for customers throughout the region."

About Redback Networks

Redback Networks enables carriers and service providers to build profitable next-generation broadband networks. The company's User Intelligent Networks(TM) product portfolio includes the industry-leading SMS family of subscriber management systems, and the SmartEdge(R) Router and Service Gateway platforms, as well as a comprehensive User-to-Network operating system software, and a set of network provisioning and management software.

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.

About ZTE Corporation

ZTE Corporation is a globally operating telecommunications equipment manufacturer and network solution provider. Listed on the Shenzhen Stock Exchange in 1997, the company initially specialized in providing customized network solutions for telecom carriers worldwide. Today, ZTE develops and manufactures telecommunications equipments for fixed, mobile, data and optical networks, intelligent networks and next generation networks, as well as mobile handsets. Based in Shenzhen, China, ZTE Corporation comprises 13 institutes and 13 holding companies in all parts of the world, employing around 13000 people. In the financial year 2002, the company generated revenue worth USD 1.33 billion. For more information about ZTE, please visit www.zte.com.cn.

REDBACK and SmartEdge are trademarks registered at the U.S. Patent and Trademark Office and in other countries. SMS, AOS, NetOp and User Intelligent Networks are trademarks or service marks 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 benefits of the ZTE distribution agreement, our ability to expand our reach to customers in Asia and the benefits of Redback Networks products generally. 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 Networks business are set forth in the documents filed by Redback Networks with the Securities and Exchange Commission, specifically the most recent report on Form 10-K, Form 10-Q, Forms S-4 and the other reports filed from time to time with the Securities and Exchange Commission.

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