Redback Networks Announces Technology-Sharing Agreement in Asia
28 Novembre 2006 - 4:00AM
Business Wire
Redback Networks Inc. (Nasdaq:RBAK), a leading provider of
multi-service edge routers for next generation IP networks, today
announced a joint development agreement with the Electronics and
Telecommunications Research Institute (ETRI), a research agency
funded by government and private companies in Korea to advance
information and communication technologies. ETRI�s technology will
be integrated into certain Redback routing products. ETRI�s
technology will be used to extend Redback�s core broadband
technologies to meet the needs of communications carriers and
government-run networks in Korea and Greater Asia. Future
collaboration also is planned around mobility services. Mobility
services are attractive to Redback because the addressable edge
router market for mobility services is expected to exceed $1.2
billion worldwide by 2008, according to two market authorities, the
Yankee Group and Infonetics Research. �Redback has a solid history
of collaboration and service innovation with Korean carriers, such
as Korea Telecom (KT), and our equipment has been a critical
component of the deployment of nationwide multi-service broadband
networks,� said Simon Williams, vice president of sales and
operations for the Asia Pacific region at Redback Networks. �We
believe that working with ETRI will help tailor our SmartEdge
family of products to the Korean market and expand our broadband
mobility opportunities in Korea.� ETRI has a long and distinguished
track record of world-class engineering research and partnering
with world-class technology companies. For example, ETRI
co-developed CDMA cell-phone technology with Qualcomm, the U.S.
chip maker, for advanced cell-phone chips and handsets used in
Korea and greater Asia. The initial focus of the Redback-ETRI
technology sharing agreement will be on the BSP-10. The BSP-10 is a
version of the SmartEdge 100, introduced by Redback in 2006. The
BSP-10 is manufactured and sold by Kisan Telecom of Korea, a deal
Redback announced in October 2006. The BSP-10 will be optimized for
the specific requirements of the Korean market. Redback believes
ETRI�s software and hardware technologies will help drive
additional opportunities in the carrier and government sectors in
Korea. Redback plans to incorporate technology from ETRI to help
accelerate deployment of integrated wired and wireless broadband
infrastructures as well as advanced voice and video services. In
Korea, Redback already helps deliver data, voice and video services
to more than five million users of Korea Telecom and other
carriers. Twelve of the top 20 telephone carriers worldwide deploy
Redback's SmartEdge family of multi-service edge routers to deliver
multiple 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 (Taiwan), eAccess (Japan), France Telecom, Korea Telecom
and Turk Telecom, among others. About Redback Networks Redback
Networks Inc. manages 50 million broadband connections for 15 of
the top 20 telephone 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. Note Regarding Forward
Looking Statements 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. These statements include but are not
limited to statements regarding our expectations, beliefs,
intentions or strategies regarding the future and including,
without limitation, statements regarding the ability of Redback and
ETRI to jointly develop the referenced products; the ability of the
jointly developed products to meet the requirements of customers in
Korea; projections that the addressable edge router market for
mobility services is expected to exceed $1.2 billion worldwide by
2008; expected deployment of broadband services in Korea and the
expected growth rate of broadband upgrades in that region,
expectations regarding Redback�s growing customer base in Korea;
and the ability of Redback�s products to help carriers deliver
mobile broadband and voice, video and data services. All
forward-looking statements included in this document are based upon
information available to us as of the date hereof, and we assume 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 limitations potential difficulties in
joint development efforts of products for the Korean market;
industry tends that may impact the expected addressable market for
mobility services; factors impacting our customers� buying patterns
such as budget cycles or the timing of deployment of triple play
networks; and other risks and uncertainties relating to our
business as 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 for the fiscal year ended December
31, 2005, Form 10-Q for the quarter ended September 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 multi-service edge routers for next generation
IP networks, today announced a joint development agreement with the
Electronics and Telecommunications Research Institute (ETRI), a
research agency funded by government and private companies in Korea
to advance information and communication technologies. ETRI's
technology will be integrated into certain Redback routing
products. ETRI's technology will be used to extend Redback's core
broadband technologies to meet the needs of communications carriers
and government-run networks in Korea and Greater Asia. Future
collaboration also is planned around mobility services. Mobility
services are attractive to Redback because the addressable edge
router market for mobility services is expected to exceed $1.2
billion worldwide by 2008, according to two market authorities, the
Yankee Group and Infonetics Research. "Redback has a solid history
of collaboration and service innovation with Korean carriers, such
as Korea Telecom (KT), and our equipment has been a critical
component of the deployment of nationwide multi-service broadband
networks," said Simon Williams, vice president of sales and
operations for the Asia Pacific region at Redback Networks. "We
believe that working with ETRI will help tailor our SmartEdge
family of products to the Korean market and expand our broadband
mobility opportunities in Korea." ETRI has a long and distinguished
track record of world-class engineering research and partnering
with world-class technology companies. For example, ETRI
co-developed CDMA cell-phone technology with Qualcomm, the U.S.
chip maker, for advanced cell-phone chips and handsets used in
Korea and greater Asia. The initial focus of the Redback-ETRI
technology sharing agreement will be on the BSP-10. The BSP-10 is a
version of the SmartEdge 100, introduced by Redback in 2006. The
BSP-10 is manufactured and sold by Kisan Telecom of Korea, a deal
Redback announced in October 2006. The BSP-10 will be optimized for
the specific requirements of the Korean market. Redback believes
ETRI's software and hardware technologies will help drive
additional opportunities in the carrier and government sectors in
Korea. Redback plans to incorporate technology from ETRI to help
accelerate deployment of integrated wired and wireless broadband
infrastructures as well as advanced voice and video services. In
Korea, Redback already helps deliver data, voice and video services
to more than five million users of Korea Telecom and other
carriers. Twelve of the top 20 telephone carriers worldwide deploy
Redback's SmartEdge family of multi-service edge routers to deliver
multiple 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 (Taiwan), eAccess (Japan), France Telecom, Korea Telecom
and Turk Telecom, among others. About Redback Networks Redback
Networks Inc. manages 50 million broadband connections for 15 of
the top 20 telephone 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. Note Regarding Forward
Looking Statements 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. These statements include but are not
limited to statements regarding our expectations, beliefs,
intentions or strategies regarding the future and including,
without limitation, statements regarding the ability of Redback and
ETRI to jointly develop the referenced products; the ability of the
jointly developed products to meet the requirements of customers in
Korea; projections that the addressable edge router market for
mobility services is expected to exceed $1.2 billion worldwide by
2008; expected deployment of broadband services in Korea and the
expected growth rate of broadband upgrades in that region,
expectations regarding Redback's growing customer base in Korea;
and the ability of Redback's products to help carriers deliver
mobile broadband and voice, video and data services. All
forward-looking statements included in this document are based upon
information available to us as of the date hereof, and we assume 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 limitations potential difficulties in
joint development efforts of products for the Korean market;
industry tends that may impact the expected addressable market for
mobility services; factors impacting our customers' buying patterns
such as budget cycles or the timing of deployment of triple play
networks; and other risks and uncertainties relating to our
business as 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 for the fiscal year ended December
31, 2005, Form 10-Q for the quarter ended September 30, 2006, Forms
8-K, and amendments thereto, and the other reports filed from time
to time with the SEC.
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