Press Releases

2008 | 2007 | 2006 | 2005 | 2004 | 2003 | 2002 | 2001 | 2000
VIRYANET ANNOUNCES AN ELECTRONIC VEGETATION MANAGEMENT SOLUTION, IN COLLABORATION WITH CNUC AND ENPORION
June 06, 2005

System significantly enhances current utility vegetation management programs while addressing new government concerns

Southborough, Mass. - June 6, 2005 -ViryaNet (NasdaqSC: VRYA), a leading provider of integrated mobile and Web-based software applications for workforce management and field service delivery, today announced the planned product release of "electronic Vegetation Management Solution" (eVMS) for utility companies. Developed in partnership with CN Utility Consulting (CNUC) and Enporion, eVMS is a first-to-market computerized system that provides utility companies with the necessary tools for effectively administering a UVM program. eVMS is built using ViryaNet Service Hub technology, and is scheduled for release in the third quarter of 2005.

Better management of vegetation adjacent to utility assets and facilities is becoming increasingly important to all utility companies. Drivers such as the August 14, 2003 Northeast Blackout, new FERC reporting requirements, looming NERC UVM standards, and increasing focus by many state public utility commissions, present significant and urgent challenges to utility companies.

Designed by utility professionals for the utility industry, eVMS's patent-pending business process and systems provides the necessary tools and support for utilities to create, plan, execute, monitor, and report on every aspect of transmission and/or distribution UVM programs and activities. Such activities may include performing an inventory of vegetation, prioritizing pruning activities, and scheduling the resources (people and equipment) to perform required tasks.

eVMS provides the appropriate automation to address the new challenges and expectations of today's UVM industry. eVMS integrates the leading utility focused e-commerce and mobile workforce management solutions with the expertise of leading industry UVM experts. The result delivers a single, integrated solution providing the appropriate level of automation to support the utility's entire transmission and distribution UVM cycle.

eVMS starts with a model of vegetation adjacent to transmission and distribution assets. Sourcing tools support requisition, contract creation and management needs. eVMS provides for paperless creation of pre-inspection, audit, and tree-crew work orders. eVMS also handles planning, street level routing and work order optimization, and wireless mobile execution of the work in a paper-less mode to drive efficiencies through the entire process. When work gets done, eVMS updates the tree inventory database and processes the necessary follow-up, like invoices or follow-up removal or pruning work, based on a utility's specific type of contracting.

"The effort to manage vegetation near utility assets represents a major expense to these companies," said Paul V. Brooks, CEO of ViryaNet. "As expectations and demands for better management increase, companies need to find new and effective ways to manage this expense. eVMS was designed to work at any utility that is interested in improving its current UVM program."

About CN Utility Consulting

CNUC is an established industry leader in consulting on all issues related to UVM. In addition to such high profile projects as the work on the August 14th Northeast Blackout for the United States and Canadian governments, CNUC has also completed the largest UVM benchmarking projects ever accomplished in the industry. Equally important, CNUC has been directly involved with the development of various UVM regulations and requirements, including the NERC draft standard for transmission operations. CNUC currently works with over 60 utility companies in North America on all issues related to Utility Vegetation Management. The company's Web address is www.cnutility.com

About Enporion

Enporion provides strategic sourcing services to the gas and electric energy industry to complement supply chain activities and deliver bottom-line value. Enporion's goal is to simplify the buying process and to drive operational excellence through supply chain improvement. By reducing cycle times, lowering inventories, and reducing transaction costs, buyers and suppliers will realize enhanced profitability. Enporion buyers access new suppliers, and experience supply chain process improvements, thus lowering overall operating costs. Suppliers reap the benefit of a smoother interface and exposure to new customers. The company's Web address is www.enporion.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 — 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 utility, telecommunications, grocery and retail, and other service 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. Visit ViryaNet at www.viryanet.com.


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, its customer purchases, its future operational plans and objectives including integration of other businesses, its future business prospects, its future financial performance, its future cash position, 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. 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 20-F, dated July 15, 2005, 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.

###