Picus Communications Selects Redbacks' SMS for Regional Deployment of Broadband Services.Business Editors/High Tech Writers SUNNYVALE, Calif.--(BUSINESS WIRE) Feb. 7, 2000 Next Generation Telecommunications Provider Expects to Enter Eight New East Coast Markets by June 2000 Redback Networks Redback Networks is a telecommunications equipment company. History Redback Networks was founded in August, 1996. Redback is an ERICSSON subsidiary since the beginning of 2007 (was previously traded on NASDAQ under the symbol RBAK). , Inc., (NASDAQ NASDAQ in full National Association of Securities Dealers Automated Quotations U.S. market for over-the-counter securities. Established in 1971 by the National Association of Securities Dealers (NASD), NASDAQ is an automated quotation system that reports on : RBAK RBAK Redback Networks Inc. (stock abbreviation, AMEX) rBAK Remote Backup ) today announced that Picus Communications, a next-generation telecommunications provider of converged data and voice, is deploying digital subscriber line See DSL. (communications, protocol) Digital Subscriber Line - (DSL, or Digital Subscriber Loop, xDSL - see below) A family of digital telecommunications protocols designed to allow high speed data communication over the existing copper telephone lines between end-users and (DSL DSL in full Digital Subscriber Line Broadband digital communications connection that operates over standard copper telephone wires. It requires a DSL modem, which splits transmissions into two frequency bands: the lower frequencies for voice (ordinary ) services using Redback's Subscriber Management System (SMS (1) (Storage Management System) Software used to routinely back up and archive files. See HSM. (2) (Systems Management Server) Systems management software from Microsoft that runs on Windows NT Server. ) platform. Picus is using the SMS for its broadband deployment throughout Virginia. The company plans on expanding its array of communications services, including voice over DSL, unified messaging Having access to e-mail, voice mail and faxes via a common computer application or by telephone. For example, unified messaging may send faxes and digitized voice mail to a mail server that turns them into e-mail attachments. , and virtual private networks, into eight new markets by June 2000. The Redback SMS will enable Picus to meet strong demand in the East for high-speed access services and ensures improved Quality of Service to Picus' base of business and residential customers. &uot;We view DSL not as an end but as a means to provide multiple services over one copper connection,&uot; said Thomas Flake, executive vice president of business development at Picus. &uot;We will rapidly expand our services in eight new markets in the next few months. As we evaluate our existing and planned value-added services, we recognize the value of the Redback platform in allowing us to quickly and easily expand those service offerings without having to significantly modify our existing infrastructure.&uot; &uot;Picus is an excellent example of the new breed of integrated communications providers that are redefining how voice and data services are being offered to the market,&uot; said Larry Blair, Redback's vice president of marketing. &uot;Redback's SMS plays an important role in the broadband deployment strategy of next-generation providers like Picus because time-to-market and proven carrier-class reliability are critical success factors in launching and expanding a competitive service offering.&uot; About Picus Picus Communications is a next-generation telecommunications provider of converged data and voice, supplying businesses and residents a complete broadband solution. The company is a facilities-based full service provider of a range of convergent services in the integrated communications marketplace. Utilizing xDSL technology, Picus provides best-of-breed bundled products that lead the industry in the delivery of cutting-edge technology and customer-centric practice. The Picus, LLC (Logical Link Control) See "LANs" under data link protocol. LLC - Logical Link Control , worldwide headquarters is located in Hampton Roads Hampton Roads, roadstead, 4 mi (6.4 km) long and 40 ft (12.2 m) deep, SE Va., through which the waters of the James, Nansemond, and Elizabeth rivers pass into Chesapeake Bay. , Virginia. European headquarters are located in Lugano, Switzerland. About Redback Networks, Inc. Founded in 1996 and headquartered in Sunnyvale, Calif., Redback Networks, Inc., is a leading provider of advanced networking solutions that enable carriers, cable multiple system operators (MSOs), and service providers to rapidly deploy broadband access See broadband and wireless broadband. to the Internet and corporate networks. The company's Subscriber Management Systems (SMS) connect and manage large numbers of subscribers using any of the major broadband access technologies such as Digital Subscriber Line (DSL), cable, and wireless. In November 1999, Redback Networks signed a definitive agreement to merge with Siara Systems--a leading developer of metro area optical networking equipment--creating the first equipment supplier focused exclusively on developing integrated solutions for the New Access Network. Redback and the Subscriber Management System are trademarks of Redback Networks, Inc. Other trademarks, service marks, and trade names belong to their respective owners. Safe Harbor Safe Harbor 1. A legal provision to reduce or eliminate liability as long as good faith is demonstrated. 2. A form of shark repellent implemented by a target company acquiring a business that is so poorly regulated that the target itself is less attractive. Statement under the Private Securities Litigation Reform Act The Private Securities Litigation Reform Act of 1995 (PSLRA) implemented several significant substantive changes affecting certain cases brought under the federal securities laws, including changes related to pleading, discovery, liability, class representation and awards fees and 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. Forward-looking statements include statements regarding future sales and future product development. 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 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-Q Form 10-Q See 10-Q. , and the other reports filed from time to time with the Securities and Exchange Commission. |
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