Suzhou Cable TV Selects Redback SMS Platform for Broadband Service Deployment.

Business Editors/Entertainment & High Tech Writers

SUZHOU, China--(BUSINESS WIRE)--Aug. 20, 2001

Redback Networks Inc. (NASDAQ: RBAK), a leading provider of solutions for next-generation metro broadband and optical networks, announced today that Suzhou Cable TV of China, will deploy a full array of platforms from the SMS(TM) product family, Redback's industry-leading family of subscriber management systems, to enable its broadband Internet service roll out. The SMS platform will leverage Suzhou CATV's existing provisioning, accounting and management control systems to manage thousands of broadband subscribers, enabling the company to speed up time-to-market for new revenue-generating connectivity services.

Suzhou will primarily target residential and small office/home office (SOHO) users in the Suzhou Economic Development Zone (EDZ) with the initial roll out, and will work toward migrating major corporate customers, such as the Bank of China and the Transportation Department, from their current ATM networks to the new service. Joint venture companies and multinationals in the Suzhou EDZ are also expected to build corporate intranets on Suzhou CATV's network with virtual private network (VPN) technology.

"Redback underwent an extensive testing process before we selected them for this project", said Mr. Shi-Jie Deng, CTO of the Suzhou CATV. "The company's distinguished roster of customers worldwide was also a deciding factor."

"Suzhou and Jiangsu province are a portent of China's IT future," said Joshua Chao, vice president for Asia Pacific Operations at Redback. "Redback is glad to be working with Suzhou to make broadband Internet access ubiquitous in the region."

According to official estimates, the number of Internet users in Jiangsu grew to 2.2 million by April 2001, making it the second highest Internet subscriber base in China after Beijing. Suzhou is situated in Jiangsu province, one of the key government development zones for information technology in China, with revenues of 2.3 billion Vuan (US$277 million) last year from its software industry alone. Joint ventures with foreign multinationals have been a major force in the development of Jiangsu's information technology industry. Since 1994, the Jiangsu provincial government has strived to attract foreign high-tech investors to the Suzhou Economic Development Zone by introducing various incentives, such as fast-tracking company incorporation, to one week instead of months, tax exemption for the first two years, and long-term tax breaks.

Managed by the Suzhou Broadcast and Television Bureau, Suzhou Cable TV Network transmits 24 domestic TV channels and 15 international channels including CNN, HBO, NGC, DW of Germany, TV-5 of France, Japan's NHK, Korean Broadcasting Station, Singapore Television, and Hong Kong Phoenix Television. Since 2000, 100% of Suzhou's surrounding villages and towns have been connected into Suzhou CATV's network. Currently cable TV subscribers number over 700,000. More information is available at http://scnnews.2500sz.com.

About Redback Networks Inc.

Redback Networks enables carriers and service providers to build profitable next-generation metro broadband and optical networks. The Company offers a strong product portfolio that includes industry-leading subscriber management and optical platforms, as well as a comprehensive set of network provisioning and management software. These solutions deliver superior performance and scalability, reduce operational costs, and expedite the management and deployment of new services within metro networks.

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 350 carriers and service providers, including major local exchange carriers (LEC), inter-exchange carriers (IXCs) and service providers. For more information, please visit http://www.redback.com.

Redback is a U.S. Registered Trademark; SMS is a Trademarks of Redback Networks Inc. Other trademarks, service marks, and trade names belong to 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. Forward-looking statements include statements regarding product deployments and network configurations. 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, and the other reports filed from time to time with the Securities and Exchange Commission.