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Redback Networks and ZTE Corporation Sign Strategic Distribution Agreement to Expand Reach in Asia Market China`s Leading Telecommunications Equipment Manufacturer To Market and Resell Redback`s SMS Product Family Throughout Asia


SAN JOSE, Calif., Sep 16, 2003 (BUSINESS WIRE) -- Redback Networks Inc.
(Nasdaq: RBAK), a leader of next-generation broadband networking systems, and ZTE
Corporation, the leading telecommunications equipment manufacturer and network
solution provider in China, today announced they have entered into a strategic
distribution agreement. Under the terms of the agreement, ZTE Corporation will
market and resell the Redback(R) SMS(TM) subscriber management family of
products under the ZTE label throughout Asia and also provide installation and
direct support to customers.

"The distribution agreement with Redback gives us the ability to offer service
providers throughout our region an end-to-end solution that they can quickly
deploy to manage broadband services and drive revenue growth," said a
spokesperson from ZTE Corporation in China. "Our customers benefit from the
convenience and cost-efficiencies achieved by working directly with ZTE, a
company committed to delivering high-quality, proven solutions and great
customer service."

Redback`s SMS family of products enables service providers and carriers to
manage, provision and aggregate broadband, leased-line and dial-up subscribers
and services via a single, unified platform. As an intelligent networking
platform, Redback`s products are designed to speed the deployment of broadband
services to market, provide a scalable operational model for managing
subscribers and enable the creation of new value-added services including VPNs,
self-provisioned tiered bandwidth, video multicast and Web portal services.

"By aligning our products and services with a global leader like ZTE
Corporation, we can significantly expand our reach to customers throughout Asia
with the same level of quality and support they have come to expect from
Redback," said Joel Arnold, senior vice president of strategy and partnerships
for Redback Networks. "As the broadband infrastructure throughout Asia continues
to undergo rapid growth, our ongoing relationship with ZTE enables us to play a
key role in the development and delivery of high-bandwidth, value-added services
for customers throughout the region."

About Redback Networks

Redback Networks enables carriers and service providers to build profitable
next-generation broadband networks. The company`s User Intelligent Networks(TM)
product portfolio includes the industry-leading SMS family of subscriber
management systems, and the SmartEdge(R) Router and Service Gateway platforms,
as well as a comprehensive User-to-Network operating system software, and a set
of network provisioning and management software.

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 500 carriers and service providers, including
major local exchange carriers (LECs), inter-exchange carriers (IXCs), PTTs and
service providers.

About ZTE Corporation

ZTE Corporation is a globally operating telecommunications equipment
manufacturer and network solution provider. Listed on the Shenzhen Stock
Exchange in 1997, the company initially specialized in providing customized
network solutions for telecom carriers worldwide. Today, ZTE develops and
manufactures telecommunications equipments for fixed, mobile, data and optical
networks, intelligent networks and next generation networks, as well as mobile
handsets. Based in Shenzhen, China, ZTE Corporation comprises 13 institutes and
13 holding companies in all parts of the world, employing around 13000 people.
In the financial year 2002, the company generated revenue worth USD 1.33
billion. For more information about ZTE, please visit www.zte.com.cn.

REDBACK and SmartEdge are trademarks registered at the U.S. Patent and Trademark
Office and in other countries. SMS, AOS, NetOp and User Intelligent Networks are
trademarks or service marks 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 the
future and including, without limitation, statements regarding the benefits of
the ZTE distribution agreement, our ability to expand our reach to customers in
Asia and the benefits of Redback Networks products generally. 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 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-K, Form 10-Q, Forms S-4 and the other reports
filed from time to time with the Securities and Exchange Commission.

[tegtmeier]

Ich hätte nichts dagegen, aber 1 EUR ist doch gar nicht das kurzfristige Ziel, sondern 1 USD.