Southborough, Mass. - November 16, 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 market availability of an electronic Vegetation Management Solution (eVMS) for the utility vegetation management industry. The product currently is in pilot mode at a leading vegetation management company
located in the United States, which has requested that its name not be used due to competitive reasons.
The eVMS supplies the tools to automate the recognized best practices for the utility vegetation management process. The eVMS product allows utility companies to better understand their workload and, therefore, manage vegetation adjacent to their assets and facilities. This includes performing an inventory of vegetation, prioritizing pruning activities, and scheduling the resources (people and equipment) to perform required tasks. ViryaNet first announced the planned release of the
product with its partners CN Utility Consulting and Enporion in early June of this year.
The eVMS solution is enabling ViryaNet's pilot customer to achieve three goals:
Improving availability of field information in the pre-inspection process to the planners.
Automating all field work, thus eliminating paper-based forms and manual processes.
Optimizing the scheduling and dispatch of its field crews, based upon their availability, proximity to the job, skills, and a host of other criteria.
"ViryaNet is in an enviable position with a robust first-to-market product for the function of utility vegetation management. Our pilot is illustrating the many benefits of automating the vegetation management process," stated Edward Krufka, vice president, business solutions, ViryaNet.
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.
###