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Technology Stocks : Redback Networks, Inc. (RBAK) -- Ignore unavailable to you. Want to Upgrade?

To: Lao Ou who wrote (1348)	2/9/2000 12:21:00 AM
From: Chemsync	Read Replies (1) \| Respond to of 1956

Feb. 7, 2000 Picus selects Redback Next Generation Telecommunications Provider Expects to Enter Eight New East Coast Markets by June 2000 Redback Networks, Inc., (NASDAQ: RBAK) today announced that Picus Communications, a next-generation telecommunications provider of converged data and voice, is deploying digital subscriber line (DSL) services using Redback's Subscriber Management System (SMS) 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, 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. "We view DSL not as an end but as a means to provide multiple services over one copper connection," said Thomas Flake, executive vice president of business development at Picus. "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." "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," said Larry Blair, Redback's vice president of marketing. "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." 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, worldwide headquarters is located in Hampton Roads, 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 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