VRYA Viryanet Ltd. (MM)

ViryaNet Limited (Nasdaq: VRYA), a leading provider of software applications that automate business processes for mobile workforce management, today announced that a major natural gas distributor has chosen the ViryaNet Service Hub for Utilities solution to manage its complex tasks associated with construction and maintenance activities. This prominent public utility will use ViryaNet Service Hub for Utilities to enhance the overall performance of its construction and maintenance crews. With the deployment of the ViryaNet solution, the customer expects to increase customer satisfaction and derive significant operational efficiencies through greater process automation. ViryaNet Service Hub for Utilities will coordinate the challenging task of aligning crews, resources, and equipment over long-duration work tasks, often with multiple inter-dependencies, business requirements, and customer expectations � all of which must be optimized to ensure a least-cost solution for an organization. ViryaNet Service Hub for Utilities is a single solution that consists of such components as work order creation, schedule and dispatch functionality, workflow, field-based mobile communication, and powerful integration software. ViryaNet is the only provider in the market today that offers a single, end-to-end solution for managing the scheduling and execution of all work that utilities confront, enabling centralized management and control of their operations. This industry-changing capability affords utilities, as well as any organization with complex service requirements, a significant competitive advantage in the market today. �Our newest customer is a visionary organization, respected by its customers and industry peers,� stated Jeff Oskin, Chief Operating Officer, ViryaNet. �We welcome them into the growing ViryaNet family, which recently added several new major utility companies. ViryaNet is a natural partner for utilities, as we are the only provider that offers a self-contained solution for scheduling all work types, coupled with a robust mobile platform.� 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 utility, telecommunications, retail, insurance, and general service sectors to manage and optimize mission-critical business processes. ViryaNet�s products improve the functions of work order management, scheduling and dispatch, business activity monitoring, and mobile field communication. Embracing a business process management architecture, the ViryaNet products intelligently guide, automate, and optimize field service work � both simple and complex. The results are improved operational performance, a better customer experience, and a higher degree of regulatory compliance. 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 June 30, 2006, 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.