VRYA Viryanet Ltd. (MM)

ViryaNet (NasdaqSC: VRYA), a leading provider of integrated mobile and Web-based software applications for workforce management and field service delivery, today announced that Central Maine Power (CMP) has deployed and gone live with WorkUP(TM), a comprehensive and highly configurable dispatch and wireless mobile work processing product suite from ViryaNet. Central Maine Power Company, a public utility that is located in Augusta, Maine, serves approximately 570,000 retail electric customers in central and southern Maine. A long-time user of the ViryaNet product, CMP upgraded from an earlier version of ViryaNet WorkUP to accommodate the needs of its 50 field technicians engaged in attending to 1500 electric-related jobs per day: turn on/offs, readings, meter exchanges, meter rests and more. WorkUP manages the activities of CMP's mobile field force with optimal scheduling, work management, and wireless dispatch and work processing. WorkUP(TM) v6 provides a feature-rich tool for modeling, creating, planning, and executing any type of work. With WorkUP, v6, CMP also capitalizes on enhanced scheduling and processing capabilities and the ability to execute work in a wireless environment. "We are delighted with the ViryaNet product, and impressed with the results to date derived from WorkUP," said Paul Beaulieu, Telecommunications Supervisor, Central Maine Power. "ViryaNet has been responsive to our needs, and has served as a valuable partner during this process. We are expecting continued operational savings as well as increased worker productivity in months to come." "We are pleased with the results at CMP, and pledge to continue delivering high-value products and services to CMP and all other ViryaNet customers," stated Jack McAvoy, vice president, marketing and corporate communications, ViryaNet. About ViryaNet ViryaNet is a provider of software applications that improve the quality and efficiency of an organization's service operations. ViryaNet's products combine 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 depot repair management. Customers in the utility, telecommunications, grocery and retail, and other 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.