Riverstone Opens R&D Facility in India Ethernet Company Commits to Region by Establishing Indian Subsidiary BANGALORE, India, Oct. 25 /PRNewswire-FirstCall/ -- Riverstone Networks (Pink Sheets: RSTN.PK), a leading supplier of carrier Ethernet solutions, today announced the opening of a new R&D facility in Bangalore, India, under its subsidiary Riverstone Networks India Private Limited. The new R&D operation is intended to further strengthen Riverstone's #1 rated Ethernet over IP/MPLS service delivery technology (source: Heavy Reading, June 2004) by providing the California-based company with an additional pool of high quality engineering talent, thereby accelerating its R&D cycles. Employing approximately 50 local networking engineers, the Bangalore facility is an extension of Riverstone's design and development efforts in the U.S. Riverstone expects to grow multi-shore engineering teams over the next year as part of its ongoing investment in carrier Ethernet routing technology. "By multi-shoring, we are able to significantly grow our overall engineering population while protecting our existing intellectual capital," said Praveen K. Mandal, Vice President, Engineering, Riverstone Networks. "Working in unison with their U.S. colleagues, the Bangalore team will provide us with the opportunity to substantially boost our technological leadership while continuing to deliver top-notch, carrier-grade Ethernet solutions." Riverstone Networks, Inc. is a leading provider of carrier-class solutions for next generation metro Ethernet networks. Riverstone's metro routers and provisioning solutions deliver the ease of use, cost effectiveness, and flexibility that carriers require in meeting their customers' networking requirements in support of voice, video, and data services. Riverstone uniquely permits carriers to offer homogeneous services across existing revenue-generating networks and new Ethernet deployments. Except for the historical information contained herein, the matters set forth in this press release, including the Company's expectations concerning the ability of the Bangalore R&D facility to strengthen the Company's technology leadership and the growth of the Company's U.S.- and India-based engineering organizations are forward-looking statements within the meaning of the "safe harbor" provisions of the Private Securities Litigation Reform Act of 1995. These forward-looking statements speak only as of the date hereof and are subject to risks and uncertainties that may cause actual results to differ materially. These risks and uncertainties include the ability to hire and retain talented engineering employees, the ability to continue develop products that are judged to be technology leaders, and the risks detailed from time to time in the Company's SEC reports, including without limitation the reports on Form 8-K and Form 10-Q filed with the SEC on September 2, 2004. The Company disclaims any intent or obligation to update or revise these forward-looking statements. NOTE: "Riverstone Networks" and "Riverstone Networks" alongside the sphere with a swirl is a registered trademark of Riverstone Networks, Inc. Riverstone Contact: Amy Huitt Riverstone Networks 408-878-6918 DATASOURCE: Riverstone Networks, Inc. CONTACT: Amy Huitt of Riverstone Networks, Inc., +1-408-878-6918, or Web site: http://www.riverstonenet.com/

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