July 28, 2005
Southborough, Massachusetts - July 28, 2005 -ViryaNet (NasdaqSC: VRYA), a leading provider of integrated mobile and Web-based software applications for workforce management and field service delivery, and Miner & Miner, a Telvent company, today announced that they intend to integrate the ViryaNet Service Hub for Utilities and Miner & Miner's Responder Outage Management System (OMS) products to provide integrated crew management for outage restorations and
repairs in the field. The two companies intend to reveal the first stage of the integrated products at the ESRI Users Conference in San Diego, CA, July 24 through 31, 2005.
Responder is a GIS-hosted OMS that leverages .NET and ASP technology to enable trouble call and outage incident management in a scalable and configurable environment. The Responder Trouble Call Analysis (TCA) Engine uses an iterative prediction algorithm to determine which interruptible network device caused an outage. The display utilizes ESRI's ArcGIS, and allows utility personnel to have a spatial view of the locations of trouble calls, enabling analysis of outages and immediate
dispatch of crews.
ViryaNet Service Hub for Utilities is a complete workforce management system. It receives work orders from external systems, schedules appropriate engineers, sends all relevant data to the mobile devices, and returns updated data from the field to the external systems. The solution provides the ability to oversee distributed field staff and other resources, including internal employees and subcontractors, through a universal scheduling and dispatch approach.
The integrated products will enable utilities to easily visualize and predict where outages occur and dispatch crews in an optimal way to maximize resources and minimize network downtime. Dispatchers and call center staff quickly can see the status of incidents, and provide estimated restoration times to customers.
"This effort illustrates one of the key concepts behind Responder, which is to provide an open platform that can integrate within the existing IT infrastructure and multiply the business benefits available to the customer. Integration with ViryaNet Service Hub will enable users to take advantage of very advanced scheduling and dispatching and crew management functionality from an industry leader," says Jeff Meyers, president of Miner & Miner.
"The integrated Responder and Service Hub products will provide utility companies a comprehensive solution that addresses the management of the entire restoration cycle, from initial outage, to personnel scheduling, to problem resolution, to follow-up field reporting," said Paul V. Brooks, president and CEO, ViryaNet. We are very pleased with results to date from our relationship with Miner & Miner, and anticipate a long, mutually beneficial relationship."
About Miner & Miner
Miner & Miner (M&M) is a world leader in the development and implementation of GIS software for utilities. M&M's ArcFM Solution and its extended services assist electric, gas, water, and wastewater utilities in increasing productivity, lowering costs, and improving services by allowing them to effectively manage spatial information. Founded in 1946 as a full-service electrical engineering firm, M&M has been a business partner of ESRI since 1987. This partnership has
enabled M&M to become the world's leading developer of ArcGIS applications for the utility industry. M&M services include implementation and customization of software to fit the needs of individual utilities. For more information, please visit www.miner.com.
About Telvent
Telvent (Nasdaq: TLVT), the Global RealTime IT Company, specializes in high value-added solutions for four specific industrial sectors (Energy, Traffic, Transport and Environment) in Europe, North America, Latin America and China. www.telvent.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.
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