October 25, 2005
Southborough, Mass. - October 25, 2005 - ViryaNet (NasdaqSC: VRYA), a leading provider of integrated mobile and Web-based software applications for workforce management and field service delivery, today announced that Jackson Energy Authority, an energy and services provider, headquartered in Jackson, Tennessee, has begun deploying ViryaNet Service Hub for Utilities. Jackson Energy Authority provides
electric, natural gas, propane, water, wastewater, cable TV, telephone, and Internet services to over 38,000 residences and businesses in Jackson, and parts of Madison County and surrounding counties in Tennessee.
Jackson Energy Authority rolled out ViryaNet Service Hub for Utilities to its field engineers who deliver a range of services that include meter "turn-on" and "turn-off" services, credit and collections, asset management, and more. ViryaNet Service Hub for Utilities is scheduling these resources based on work order type, location, skill sets, work order tasks, and other Jackson Energy Authority business requirements.
ViryaNet Service Hub for Utilities is a comprehensive mobile workforce management software product that includes enterprise scheduling and dispatch, field parts logistics, and mobile activity reporting. The integration of the Service Hub product to several back-office systems, including GE PowerOn Outage Management System and GE Smallworld GIS, has improved operational efficiencies.
"ViryaNet Service Hub for Utilities will change the way that we conduct our business," stated Jim Watson, senior vice president and COO, Jackson Energy Authority. "The benefits of the software will be realized in all areas of our company, and will improve the efficiency of our customer-facing operations as well as reduce costs. Jackson Energy Authority's IT staff and business users found ViryaNet's team to be responsive to our needs, committed to
knowledge transfer, and focused on our company's success. We are very pleased with the ViryaNet Service Hub product."
"In this aggressively competitive marketplace, improving the customer experience while reducing operational costs are hallmarks of the new utility," said Paul V. Brooks, president and CEO, ViryaNet. "We're pleased with the accomplishments at Jackson Energy Authority, and are committed to the company's continued success. This is one of several successful implementations globally with GE Energy Services, a valued
partner in the utility industry marketplace."
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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