Southborough, Mass. - October 19, 2005
-Continuing to invest significantly in R&D to offer leading-edge mobile and Web-based software applications for workforce management and field service delivery, ViryaNet (NasdaqSC: VRYA)
today announced the integration of its Service Hub product with TomTom technology, an advanced GPS navigation and resource tracking system. The new product will enable customers to improve the speed and accuracy of field force operations by delivering real-time task management, resource tracking, and navigation information to management and field engineers equipped with wireless devices.
The integration of GPS navigation provided by TomTom Navigator™ with ViryaNet Service Hub will allow field engineers to automatically navigate to their next site without the need to manually enter the destination. For management, the system will provide improved resource tracking through real-time pinpointing of current location, enabling more dynamic and accurate scheduling. Management also gains an audit trail tool with which they can replay the actual route taken by
field engineers.
In addition, the new system will dispel the need for field organizations to source two separate suppliers for resource tracking and navigation tools, reducing customization costs and eliminating problems associated with overlap.
"TomTom Navigator™ rounds out our Service Hub technology, letting our customers realize improved efficiencies in the field," commented Nir Diskin, Vice President, Engineering, ViryaNet. "Navigating and tracking resources are top priorities in most field service organizations today. By combining best-in-class technology from ViryaNet and TomTom, we are providing a feature rich solution that extends beyond the capabilities of disparate tools. Not only does
it provide a more seamless experience for the field technician but it guarantees faster response times, more accurate allocation of resources, and greater management control."
TomTom Navigator enables navigation to any destination using detailed 3D or 2D maps and audio directions. Compatible with Windows-based PDAs, TomTom complements ViryaNet Service Hub, which helps field service organizations effectively manage mobile and distributed workforces through real-time information sharing.
The converged system was developed for a user of ViryaNet Service Hub located in the United Kingdom, which is a customer of ViryaNet's strategic partner Aspective. The product was demonstrated at the Service Management 2005 conference in England earlier in the month.
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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