Southborough, Mass. - June 25, 2002 - ViryaNet (NASDAQ: VRYA), a leading provider of integrated mobile and Web-based software applications for workforce management and the automation of field service delivery, will co-sponsor a seminar, "The Evolution of Mobile Field Workforce Solutions for Utilities", organized by Telvent Interactiva, a value added reseller (VAR) of ViryaNet solutions to the utilities marketplace in Spain, Portugal, and Latin America; and
co-sponsored by Symbol Technologies, Inc., a global leader in mobile data transaction systems, providing innovative customer solutions based on wireless local area networking for data and voice, application-specific mobile computing, and bar code data capture. The seminar will be held at the Casino de Madrid in Madrid, Spain on June 28, 2002.
The seminar will provide electric, oil, and gas utilities in Spain and Mexico the opportunity to hear industry experts discuss the latest mobile workforce technology and view live product demonstrations. Speakers include Scott Smith, director, networking business strategies, Europe from the Yankee Group.
"Through our alliance with Telvent Interactiva, we have been able to extend our reach to customers in new geographic locations", stated Win Burke, president and CEO, ViryaNet. "ViryaNet recently acquired iMedeon, as part of our goal to be the leading workforce management provider in the utilities space. We are committed to aggressively marketing our application to utilities in Spain, Latin
America, and throughout Europe. This seminar provides a valuable forum for us to provide thought leadership and learn first-hand about the unique needs, challenges, and business goals of the utilities in Europe."
"We are pleased to be able to bring together the leaders in the mobile workforce space for this event," stated Adolfo Borrero, CEO, Telvent Interactiva. "We will continue to work closely with ViryaNet and Symbol to provide utilities in Europe with the same leading-edge solutions that utilities across the United States have long been using to achieve significant benefits."
To learn more about the event, visit
www.telvent.com or email
info.ti@telvent.abengoa.com.
About Telvent Interactiva
Telvent Interactiva, a subsidiary of Abengoa, focuses on IP architectures, middleware, and serves as an Application Service Provider (ASP). The company commenced operations in 2000 with the creation of three competency centers in different technological areas:
The Java Business Center for Java technology transfer in cooperation with Sun Microsystems
The Wireless Center for the development of systems based on WAPS, GPRS, and UMIS technologies in cooperation with Ericsson
A group for the development of ASP solutions and Internet coordination in cooperation with Energyworkspace, a company in which Telvent Factory Holding AG holds an ownership interest.
Telvent client list includes Pemex (Mexico), Endesa, Union Fenosa, Repsol-YPF, Gas Natural, Iberdrola and Light (Brazil).
About ViryaNet
ViryaNet is a provider of software applications that improve the quality and efficiency of an organization's service operations. ViryaNet's flagship product - the award-winning ViryaNet Service Hub - combines the power of the Internet, the freedom of wireless technologies, and the resources of ViryaNet's deep service expertise to help companies improve workforce scheduling, dispatching, and
activity reporting; customer contract and entitlement automation; and asset, logistics and repairs management.
Customers in the telecommunications, utility, high-technology manufacturing, grocery and retail, insurance, HVAC, and other industries use ViryaNet Service Hub to transition complex service business processes into a manageable, scalable Internet operation, with the goal of increasing service revenues, decreasing service costs, and maximizing customer satisfaction.
Forward-Looking Statements
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 capabilities of its
products, its relationships with its customers, its customer purchases, its future operational plans and objectives including integration of other businesses, its future business prospects, its future financial performance, and its future prospects for profitability. All forward-looking statements included in this document are based upon information available to ViryaNet Ltd. as of the date hereof, and ViryaNet Ltd. assumes no obligation to update any such forward-looking statements.