VRYA Viryanet Ltd. (MM)

ViryaNet Limited (Nasdaq: VRYA), a leading provider of software applications that automate business processes for mobile workforce management and field service delivery, today announced that Open Spatial of Australia will OEM and resell the ViryaNet Field Operations Case Utility System (FOCUS) product to its customers and prospects across the Asia Pacific region. ViryaNet, based in Melbourne Victoria, develops the popular FOCUS product, which enables utilities to manage all types of field work. The ViryaNet product receives work orders from external systems, optimally schedules appropriate engineers, sends all relevant data to their mobile devices, returns updated data from the field to any external systems, and provides an executive dashboard for managers to monitor all field activity in real-time. Early successes for ViryaNet include licensing its solution to the largest water and wastewater utilities along the eastern seaboard of Australia, such as Barwon Water, South East Water, City West Water, Gold Coast Water, and Brisbane Water. Open Spatial Australia and ViryaNet share many of the same customers that rely on both companies� technologies to improve business processes associated with field service. Earlier this year, the companies announced that they would develop and maintain the integration between their respective products, including the ability to intelligently launch each other�s applications from within each solution. Anthony Jahshan, Managing Director at Open Spatial Australia, commented: �The decision to OEM the FOCUS product and make its functionality available to our users became evident from the response we had to the FOCUS product presentation at our Annual User Group Conference in Melbourne last month. Our users� response further cemented our earlier resolve to deliver a totally integrated solution and build it into our product offering.� ViryaNet�s COO Jeff Oskin said, �With this comprehensive solution, a public works authority or utility will be able to graphically view and locate its assets and dispatch crews in optimal ways to repair conditions and minimize downtime, thus eliminating potentially dangerous situations. The solution also will allow management, dispatchers and call center staff to quickly see the status of incidents, and provide estimated restoration times to customers. There exists very good opportunity in the Asia Pacific market, and we are delighted to be entering this relationship with Open Spatial.� The fully integrated solution from Open Spatial Australia and ViryaNet will be available for general release during Q1 2007. About Open Spatial Open Spatial Australia Pty Ltd is an Australian company delivering geospatial solutions based on Oracle and Autodesk technologies throughout the Asia Pacific region. Recognised for delivering applications to Government and Utilities sectors throughout the region, all our solutions are based on internationally accepted open standards and world-class best practices. Open Spatial offers innovative spatial infrastructure solutions to managing spatial data from Survey through to Design, Construction and Ongoing Spatial Data Management. www.openspatial.com.au About ViryaNet ViryaNet is a provider of software applications that improve the quality and efficiency of an organization�s service operations. ViryaNet�s products enable companies in the utilities, telecommunications, retail and general service sectors to manage and optimize mission critical business processes, resulting in increased service revenues, decreased service costs, and maximized customer satisfaction. The robust set of applications help companies improve workforce scheduling, dispatching, and activity reporting; customer contract and entitlement automation; and asset, logistics, and depot repair management. 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 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. ViryaNet Limited (Nasdaq: VRYA), a leading provider of software applications that automate business processes for mobile workforce management and field service delivery, today announced that Open Spatial of Australia will OEM and resell the ViryaNet Field Operations Case Utility System (FOCUS) product to its customers and prospects across the Asia Pacific region. ViryaNet, based in Melbourne Victoria, develops the popular FOCUS product, which enables utilities to manage all types of field work. The ViryaNet product receives work orders from external systems, optimally schedules appropriate engineers, sends all relevant data to their mobile devices, returns updated data from the field to any external systems, and provides an executive dashboard for managers to monitor all field activity in real-time. Early successes for ViryaNet include licensing its solution to the largest water and wastewater utilities along the eastern seaboard of Australia, such as Barwon Water, South East Water, City West Water, Gold Coast Water, and Brisbane Water. Open Spatial Australia and ViryaNet share many of the same customers that rely on both companies' technologies to improve business processes associated with field service. Earlier this year, the companies announced that they would develop and maintain the integration between their respective products, including the ability to intelligently launch each other's applications from within each solution. Anthony Jahshan, Managing Director at Open Spatial Australia, commented: "The decision to OEM the FOCUS product and make its functionality available to our users became evident from the response we had to the FOCUS product presentation at our Annual User Group Conference in Melbourne last month. Our users' response further cemented our earlier resolve to deliver a totally integrated solution and build it into our product offering." ViryaNet's COO Jeff Oskin said, "With this comprehensive solution, a public works authority or utility will be able to graphically view and locate its assets and dispatch crews in optimal ways to repair conditions and minimize downtime, thus eliminating potentially dangerous situations. The solution also will allow management, dispatchers and call center staff to quickly see the status of incidents, and provide estimated restoration times to customers. There exists very good opportunity in the Asia Pacific market, and we are delighted to be entering this relationship with Open Spatial." The fully integrated solution from Open Spatial Australia and ViryaNet will be available for general release during Q1 2007. About Open Spatial Open Spatial Australia Pty Ltd is an Australian company delivering geospatial solutions based on Oracle and Autodesk technologies throughout the Asia Pacific region. Recognised for delivering applications to Government and Utilities sectors throughout the region, all our solutions are based on internationally accepted open standards and world-class best practices. Open Spatial offers innovative spatial infrastructure solutions to managing spatial data from Survey through to Design, Construction and Ongoing Spatial Data Management. www.openspatial.com.au About ViryaNet ViryaNet is a provider of software applications that improve the quality and efficiency of an organization's service operations. ViryaNet's products enable companies in the utilities, telecommunications, retail and general service sectors to manage and optimize mission critical business processes, resulting in increased service revenues, decreased service costs, and maximized customer satisfaction. The robust set of applications help companies improve workforce scheduling, dispatching, and activity reporting; customer contract and entitlement automation; and asset, logistics, and depot repair management. 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 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.