Redback Boasts Broadband Lead

SAN JOSE, Calif. -- Redback Networks Inc. (Nasdaq:RBAK), a leading provider of next-generation metro broadband and optical networking equipment, continues to lead the broadband aggregation equipment market according to three leading industry research firms. Data released by independent analyst firms Synergy Research Group Inc. (Phoenix), Dell'Oro Group (Redwood City, Calif.) and RHK Inc. (South San Francisco, Calif.) show that Redback has expanded its number one position. In its report, Broadband Equipment Worldwide Market Shares, Synergy Research Group cites Redback as the clear leader in high-density broadband aggregation equipment, holding 44.7 percent of the worldwide market during the first half of 2001, including a 7.5 percent share increase during the second quarter. For the first half of 2001, Dell'Oro Group reported that Redback accounted for 41.9 percent of the worldwide broadband aggregation market. Additionally, RHK reported that Redback dominated the United States market with a 62 percent revenue share for the first half of 2001. "Since pioneering the market for broadband subscriber management with the SMS platform in 1997, we've remained the clear leader in both market share and feature-rich technology," said Kevin DeNuccio, Redback's president and CEO. "The SMS platform's ability to offer superior functionality, such as RADIUS integration and L2TP features, provides our customers a competitive edge as they work to reduce operational costs and get subscribers up and running with new services. We continue to enhance the functionality and versatility of our products to meet our customer's ever-changing requirements, while enabling them to deploy new, high-margin services." In a separate release:ROTTERDAM, The Netherlands -- Redback Networks Inc. (Nasdaq:RBAK), a leading provider of next-generation metro broadband and optical networking equipment, today announced that Belgacom is the latest European PTT to deploy the Redback's SMS(TM) platform, subscriber management system, in its broadband network. Belgium's national carrier has deployed the Redback(R) SMS 10000 to aggregate and manage high volumes of subscribers to its digital subscriber line (DSL) access services. Wim Steenhaut, vice president product management at Belgacom, said, "Without multiple contexts, we could not effect different policies for our residential user and business user packages, both for retail and wholesale partners. It also enables us to pre-provision for a default user type, which greatly speeds up the provisioning process. Being able to provision a user within a few hours of a customer ordering the service helps us win customers and speeds receipt of new revenues." Redback Networks Inc.