Technology Enables the Creation and Support of Service Communities
SOUTHBOROUGH, Mass. - November 21, 2000 - ViryaNet (NASDAQ: VRYA), a provider of wireless workforce management solutions for field service communities, today announced that it has filed for a provisional patent relating to its Internet platform for service communities. The patent was filed for a set of advanced technology processes and algorithms that enable service organizations to define, create, and manage Internet communities.
This technology, on which ViryaNet's wireless workforce management solution operates, unites on the Internet all of the participants in a field service community - employees, customers, partners, vendors, and suppliers - who are involved in the initiation and delivery of service.
"We use the Internet as a means of bringing together and identifying people based on their functional contribution to the service delivery process," stated Ron Ben-Natan, chief technology officer, ViryaNet. "Our technology uses knowledge-based techniques to determine rules under which service processes are implemented and different members of the service community access particular applications, collaborate, and share information with respect to field service operations."
"This patent will play an important role in our vision for the future of service organizations," continued Ben-Natan. "In today's competitive marketplace, companies rely on real-time access to critical business information. ViryaNet's solution enables a company's internal and external service groups to collaborate and conduct work as a united community."
"We're dedicated to developing and deploying technologies that ensure our competitive advantage, and we are committed to protecting the intellectual property that makes those solutions possible," added Ben-Natan.
About ViryaNet
ViryaNet is a provider of wireless workforce management solutions for field service communities. These solutions enable field service organizations to efficiently schedule and dispatch field service personnel, capture and record logistics and labor activity, and monitor, report, and measure this activity - meeting an organization's installation, preventative maintenance, and break-fix obligations. ViryaNet's wireless workforce management solution supports wireless devices over standard wireless networks.
ViryaNet's solutions feature application program interfaces (APIs) that allow organizations to integrate popular front- and back-office applications. ViryaNet's professional services team and implementation partners enable implementation of the Company's solutions for wireless workforce management.
Safe Harbor Statement
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 ViryaNet's expectations, beliefs, intentions, or strategies regarding the future. All forward-looking statements included in this document are based upon information available to
ViryaNet Inc. as of the date hereof, and ViryaNet Inc. 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 and other risks relating to ViryaNet's business are set forth in ViryaNet's Form F-1, as amended, declared effective by the SEC on September 19, 2000, and the other reports filed from time to time with the Securities and
Exchange Commission.