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Cambridge, MA, July 11, 2006 – Pyramid Research announces Redback Networks as its platinum sponsor for their upcoming webinar, “Transforming Fixed Business Models with IMS, FMC and IPTV: Leveraging Technologies to Create Successful Business Models” that will be held on July 19th at 11am EST.  Guy Zibi, Pyramid’s Director of the CMT Research Group, will discuss evolving telco business models and the trend towards an application-centric world.  Redback Networks’ director of marketing, Young-Sae Song, will also highlight some of the trends in network design and architecture for service providers around the world. 

“Redback is a great fit as the sponsor for our webinar,” comments Sr. Marketing Coordinator, Jared Jost.  “They are pushing the technology boundaries within the industry and they match Pyramid’s global outlook by expanding into new markets worldwide.”

In the webinar, Guy Zibi will address the most pressing fixed market issues, including IMS, IPTV and Fixed-Mobile Convergence (FMC) and examine various business models and their potential for impacting revenues and profitability.

“It is critical for telcos to capitalize on next generation technologies,” comments Zibi.  “We believe that enhancing services and differentiating now is key to their future success.”

To attend this free webinar, please contact Amalia Vega at avega@pyr.com or by phone at 617-494-1515 (ext. 231).

About Redback Networks, Inc.
Redback Networks Inc., designs, develops, and markets networking solutions for IP-based services and communications. Redback's hardware, software, and services are designed to create solutions that address the operational and technical challenges of building a next generation network that delivers consumer and business services. Redback's solutions enable carriers and service providers to rapidly and efficiently deploy broadband internet access, IP video, and online gaming with the SmartEdge® product portfolio.

About Pyramid Research
For twenty years, Pyramid Research has helped companies in the converging communications, media and technology industries stay ahead of market trends, understand competitive threats and capitalize on opportunities.  We advise the world’s leading vendors, service providers, equipment manufacturers, and the financial community on how to implement best practices, build offensive growth strategies and drive profitability.

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 in this release regarding the evolution of telco business models, trends toward an application-centric world, Redback’s expansion into new markets worldwide, and the need for telcos to capitalize on next-generation technologies in order to succeed.  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 Network’s business are 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, Form 10-Q, Form 8-K, Redback’s Registration Statement on Form S-3 (File No. 333-114352), and amendments thereto, and the other reports filed from time to time with the SEC.


Press Contact:
Amalia Vega
Pyramid Research
P: 617.494.1515 ext 231
E:
avega@pyr.com

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