Southborough, Mass. - May 14, 2002 - ViryaNet (NASDAQ: VRYAD), a leading provider of integrated mobile and Web-based software applications for workforce management and the automation of field service delivery, today announced that its Service Hub product has been certified over the Dataradio network. Dataradio, Inc. is a leading designer, developer, and manufacturer of private wireless data products and networks.
"We aggressively tested ViryaNet Service Hub in our certification laboratory, simulating various transmissions and running many Service Hub functions over our network. All aspects of the test, including the compression, went very well," said Gary Correia, national sales manager, utilities and commercial markets, Dataradio. "We pride ourselves on forming relationships with industry leaders, such
as ViryaNet, in order to offer our customers complete solutions."
"Field technicians can perform advanced ViryaNet functions over the Dataradio network, including downloading orders, receiving supporting documentation, and closing calls," said Ron Ben-Natan, CTO, ViryaNet. "This certification signifies our continued commitment to establishing compatibility with all popular networks. We selected the Dataradio network due to its broad product line, which covers
the most often-used frequency bands. We are looking forward to deepening this relationship and pursuing joint business development and customer opportunities."
ViryaNet Service Hub is a state-of-the-art Internet platform, from which ViryaNet deploys its mobile workforce management application and supporting applications for contract, logistics, and repair management. The Company's applications automate the continuum of field service delivery, ensuring that the right person is at the right place at the right time with the right parts and information about the
customer.
About Dataradio
Dataradio is a leading designer, manufacturer and integrator of private wireless data systems. With more than 600 systems installed nationwide and partnered with the best names in mobile data applications technology, Dataradio provides turn-key, open-architecture wireless mobile data systems for high availability fleet users in Public Safety, Utilities and Transportation.
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. 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. Reported results should not be considered an indication of future performance. 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.