Redback Networks Announces Korea Deal
04 Oktober 2006 - 7:09PM
Business Wire
Redback Networks Inc. (NASDAQ:RBAK), a leading provider of
next-generation broadband networking systems, today announced a
deal with Kisan Telecom Co. Ltd (www.kisantelecom.com), a Korean
manufacturer and reseller of telecommunications equipment. Kisan
will manufacture and re-sell a customized version of the SmartEdge�
100 multi-service edge router for Korean customers. The
Redback-Kisan routing gear will be used for services such as
�nomadic� wireless and mobile broadband access, secure virtual
private networks (VPN), voice-over-Internet-Protocol (VoIP), and
video conferencing. Under the terms of the manufacturing and
distribution agreement, Redback�s deal with Kisan will be initially
focused on the Korean market. �Redback has a great history with
Korean carriers, such as Korea Telecom (KT) and Hanaro Telecom,
deploying multi-service broadband networks based on Redback�s
SmartEdge family,� said Simon Williams, vice president of sales and
operations for Asia at Redback Networks. �Broadening our market
reach throughout Korea is an excellent growth opportunity for the
recently introduced SmartEdge 100. We�re excited about this
manufacturing and distribution partnership with Kisan initially
focused on the Korean market.� Eleven of the top 20 carriers
worldwide deploy Redback's SmartEdge family of multi-service edge
routers to deliver broadband, phone, and TV services to tens of
millions of business and residential customers worldwide. These
customers include British Telecom, Belgacom, BellSouth, China
Telecom, China Netcom, Chunghwa Telecom (Taiwan), France Telecom,
Korea Telecom and Turk Telecom, among others. About Kisan Telecom
Kisan Telecom (KOSDAQ) is a market leader in wired and wireless
telecommunications equipment in Korea. Founded in 1994, Kisan
Telecom builds and sells state-of-the-art broadband network gear
for data, voice and wireless services (www.kisantelecom.com). About
Redback Networks Redback Networks Inc. manages 40 million broadband
connections for 15 of the top 20 carriers worldwide. Redback�s
multi-service routing platform delivers next generation broadband
services such as VoIP, IPTV, On-Demand Video and on-line gaming.
Redback Networks has more than 500 carrier customers worldwide and
is based in San Jose, CA. In 2006, Redback marks its 10-year
anniversary, celebrating ten years of broadband innovation. For
more information, visit Redback Networks at www.redback.com REDBACK
and SmartEdge are trademarks registered at the U.S. Patent and
Trademark Office and in other countries. NetOp is a trademark 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 whether the
Redback-Kisan routing gear will be used for �nomadic� wireless and
mobile broadband access, secure virtual private networks (VPN),
VoIP, and video conferencing services, expectations regarding the
Korean market needs and the ability of Redback�s products to meet
those needs. 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 Redback�s
Quarterly Report on Form 10-Q for the period ended June 30, 2006,
Forms 8-K, and amendments thereto, and the other reports filed from
time to time with the SEC. Redback Networks Inc. (NASDAQ:RBAK), a
leading provider of next-generation broadband networking systems,
today announced a deal with Kisan Telecom Co. Ltd
(www.kisantelecom.com), a Korean manufacturer and reseller of
telecommunications equipment. Kisan will manufacture and re-sell a
customized version of the SmartEdge(R) 100 multi-service edge
router for Korean customers. The Redback-Kisan routing gear will be
used for services such as 'nomadic' wireless and mobile broadband
access, secure virtual private networks (VPN),
voice-over-Internet-Protocol (VoIP), and video conferencing. Under
the terms of the manufacturing and distribution agreement,
Redback's deal with Kisan will be initially focused on the Korean
market. "Redback has a great history with Korean carriers, such as
Korea Telecom (KT) and Hanaro Telecom, deploying multi-service
broadband networks based on Redback's SmartEdge family," said Simon
Williams, vice president of sales and operations for Asia at
Redback Networks. "Broadening our market reach throughout Korea is
an excellent growth opportunity for the recently introduced
SmartEdge 100. We're excited about this manufacturing and
distribution partnership with Kisan initially focused on the Korean
market." Eleven of the top 20 carriers worldwide deploy Redback's
SmartEdge family of multi-service edge routers to deliver
broadband, phone, and TV services to tens of millions of business
and residential customers worldwide. These customers include
British Telecom, Belgacom, BellSouth, China Telecom, China Netcom,
Chunghwa Telecom (Taiwan), France Telecom, Korea Telecom and Turk
Telecom, among others. About Kisan Telecom Kisan Telecom (KOSDAQ)
is a market leader in wired and wireless telecommunications
equipment in Korea. Founded in 1994, Kisan Telecom builds and sells
state-of-the-art broadband network gear for data, voice and
wireless services (www.kisantelecom.com). About Redback Networks
Redback Networks Inc. manages 40 million broadband connections for
15 of the top 20 carriers worldwide. Redback's multi-service
routing platform delivers next generation broadband services such
as VoIP, IPTV, On-Demand Video and on-line gaming. Redback Networks
has more than 500 carrier customers worldwide and is based in San
Jose, CA. In 2006, Redback marks its 10-year anniversary,
celebrating ten years of broadband innovation. For more
information, visit Redback Networks at www.redback.com REDBACK and
SmartEdge are trademarks registered at the U.S. Patent and
Trademark Office and in other countries. NetOp is a trademark 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 whether the
Redback-Kisan routing gear will be used for 'nomadic' wireless and
mobile broadband access, secure virtual private networks (VPN),
VoIP, and video conferencing services, expectations regarding the
Korean market needs and the ability of Redback's products to meet
those needs. 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 Redback's
Quarterly Report on Form 10-Q for the period ended June 30, 2006,
Forms 8-K, and amendments thereto, and the other reports filed from
time to time with the SEC.
Redback (NASDAQ:RBAK)
Historical Stock Chart
Von Jun 2024 bis Jul 2024
Redback (NASDAQ:RBAK)
Historical Stock Chart
Von Jul 2023 bis Jul 2024