Redback Networks Announces Korea Deal

  
    
  
  
    
      Redback Networks Inc. (NASDAQ:RBAK), a leading provider of 
      next-generation broadband networking systems, today announced a deal 
      with Kisan Telecom Co. Ltd (www.kisantelecom.com), 
      a Korean manufacturer and reseller of telecommunications equipment.
    
    
      Kisan will manufacture and re-sell a customized version of the SmartEdge® 
      100 multi-service edge router for Korean customers. The Redback-Kisan 
      routing gear will be used for services such as ‘nomadic’ 
      wireless and mobile broadband access, secure virtual private networks 
      (VPN), voice-over-Internet-Protocol (VoIP), and video conferencing. 
      Under the terms of the manufacturing and distribution agreement, Redback’s 
      deal with Kisan will be initially focused on the Korean market.
    
    
      “Redback has a great history with Korean 
      carriers, such as Korea Telecom (KT) and Hanaro Telecom, deploying 
      multi-service broadband networks based on Redback’s 
      SmartEdge family,” said Simon Williams, vice 
      president of sales and operations for Asia at Redback Networks. “Broadening 
      our market reach throughout Korea is an excellent growth opportunity for 
      the recently introduced SmartEdge 100. We’re 
      excited about this manufacturing and distribution partnership with Kisan 
      initially focused on the Korean market.”
    
    
      Eleven of the top 20 carriers worldwide deploy Redback's SmartEdge 
      family of multi-service edge routers to deliver broadband, phone, and TV 
      services to tens of millions of business and residential customers 
      worldwide. These customers include British Telecom, Belgacom, BellSouth, 
      China Telecom, China Netcom, Chunghwa Telecom (Taiwan), France Telecom, 
      Korea Telecom and Turk Telecom, among others.
    
    
      About Kisan Telecom
    
    
      Kisan Telecom (KOSDAQ) is a market leader in wired and wireless 
      telecommunications equipment in Korea. Founded in 1994, Kisan Telecom 
      builds and sells state-of-the-art broadband network gear for data, voice 
      and wireless services (www.kisantelecom.com).
    
    
      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 whether the 
      Redback-Kisan routing gear will be used for ‘nomadic’ 
      wireless and mobile broadband access, secure virtual private networks 
      (VPN), VoIP, and video conferencing services, expectations regarding the 
      Korean market needs and the ability of Redback’s 
      products to meet those needs. 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 Redback’s 
      Quarterly Report on Form 10-Q for the period ended June 30, 2006, Forms 
      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 a deal
with Kisan Telecom Co. Ltd (www.kisantelecom.com), a Korean
manufacturer and reseller of telecommunications equipment.

   Kisan will manufacture and re-sell a customized version of the
SmartEdge(R) 100 multi-service edge router for Korean customers. The
Redback-Kisan routing gear will be used for services such as 'nomadic'
wireless and mobile broadband access, secure virtual private networks
(VPN), voice-over-Internet-Protocol (VoIP), and video conferencing.
Under the terms of the manufacturing and distribution agreement,
Redback's deal with Kisan will be initially focused on the Korean
market.

   "Redback has a great history with Korean carriers, such as Korea
Telecom (KT) and Hanaro Telecom, deploying multi-service broadband
networks based on Redback's SmartEdge family," said Simon Williams,
vice president of sales and operations for Asia at Redback Networks.
"Broadening our market reach throughout Korea is an excellent growth
opportunity for the recently introduced SmartEdge 100. We're excited
about this manufacturing and distribution partnership with Kisan
initially focused on the Korean market."

   Eleven of the top 20 carriers worldwide deploy Redback's SmartEdge
family of multi-service edge routers to deliver broadband, phone, and
TV services to tens of millions of business and residential customers
worldwide. These customers include British Telecom, Belgacom,
BellSouth, China Telecom, China Netcom, Chunghwa Telecom (Taiwan),
France Telecom, Korea Telecom and Turk Telecom, among others.

   About Kisan Telecom

   Kisan Telecom (KOSDAQ) is a market leader in wired and wireless
telecommunications equipment in Korea. Founded in 1994, Kisan Telecom
builds and sells state-of-the-art broadband network gear for data,
voice and wireless services (www.kisantelecom.com).

   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 whether the Redback-Kisan
routing gear will be used for 'nomadic' wireless and mobile broadband
access, secure virtual private networks (VPN), VoIP, and video
conferencing services, expectations regarding the Korean market needs
and the ability of Redback's products to meet those needs. 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 Redback's Quarterly Report on Form 10-Q for the period
ended June 30, 2006, Forms 8-K, and amendments thereto, and the other
reports filed from time to time with the SEC.