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, today announced that Publix Super Markets, Inc., the largest employee-owned supermarket chain and one of the 10 largest-volume supermarket chains in the United States, has chosen ViryaNet Service Hub to automate its maintenance and facilities operations, including the
activities associated with workforce management and asset and repair management.
Under the terms of the contract, Publix will license ViryaNet Service Hub for Grocery/Retail, which includes ViryaNet Service Hub, Mobile Workforce Management, Service Scheduler, Service Supply Chain, and eRepair modules. Using these applications, Publix will manage and automate a variety of short-duration tasks, such as preventative maintenance activities on equipment, to more complicated projects. In
addition, the ViryaNet applications will enable Publix to optimize the use of its internal workforce and to better manage its large subcontractor base.
"ViryaNet technology will support our commitment to improve productivity and efficiency," said Publix Spokesman Lee Brunson. "These applications will be an integral component of our strategy to schedule, dispatch, and optimize our workforce, improve our management of assets and inventory, and automate many of the tasks associated with general maintenance."
With ViryaNet Service Hub, Publix expects to improve staff productivity, reduce time to market initiatives, and enhance its customers' experience.
"Publix is blending technology and strategy in new ways to anticipate customer needs, fulfill demands, build market share, and increase profits," stated Win Burke, president and CEO, ViryaNet. "ViryaNet's management team shares the Publix passion for service excellence; every member of our team is committed to Publix's long-term growth and success."
About Publix
Publix is owned and operated by its more than 119,500 employees, with 2001 sales of $15.3 billion. Currently Publix has 702 stores in Florida, Georgia, South Carolina and Alabama. The company has been named one of Fortune's "100 Best Companies to Work For in America" for five consecutive years. In addition, Publix's dedication to superior quality and customer service is recognized as tops in
the grocery business, most recently by an American Customer Index survey. For more information, visit the company's Web site,
www.publix.com.
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.
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 capabilities of its
products, its relationships with its customers, and its customer purchases. 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. 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 include
market acceptance of and demand for the Company's products, risks associated with a slow-down in the economy, risks associated with the financial condition of the company's customers, risks associated with competition and competitive pricing pressures, risks associated with increases in costs and operating expenses, risks in technology development and commercialization, the risk of operating losses, risks in product development, risks associated with international sales, and other risks
that 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. You should not place undue reliance on these forward-looking statements, which speak only as the date hereof. ViryaNet disclaims any obligation to publicly update or revise any such forward-looking statements to reflect any change in our expectations or in events, conditions, or circumstances on
which any such statements may be based, or that may affect the likelihood that actual results will differ from those set forth in the forward-looking statements.