Leading Investment Bank Chooses RiT Intelligent Physical Layer Management Technology Panduit, RiT's OEM Partner, Wins Tender



First Deployment Involves 35,000 Managed Ports



    TEL AVIV, Israel, Jan. 10 /PRNewswire-FirstCall/ -- RiT Technologies
 (Nasdaq:   RITT), the pioneer and world-leading provider of intelligent physical
 layer solutions, today announced that one of the world's largest diversified
 financial services companies, has chosen RiT's Intelligent Physical Layer
 Management Solution (IPLMS) to help it maximize the performance and reduce the
 cost-of-ownership of its mission-critical networks. The investment bank has
 more than 70 offices worldwide, including major centers in the U.S., U.K. and
 Japan.
     (Logo: http://www.newscom.com/cgi-bin/prnh/20040727/LNTU008LOGO-a )
     For its first IPLMS deployment, the bank has recently awarded Panduit
 Corp., one of RiT's strategic OEM partners, with a contract to install 35,000
 managed ports in its new London headquarters. For the management function,
 Panduit will use RiT's PatchView(TM) IPLMS sold under the Panduit PanView(TM)
 brand name.
     "Physical layer management is a necessity for businesses like ours -
 businesses with complex, mission-critical networks and no tolerance for
 downtime," said the bank's VP of Infrastructure. "We chose the RiT/Panduit for
 a number of reasons: the technological superiority of the product, including
 its remote management capability and the fact that it requires no pre-
 deployment integration; the existence of an enormous and satisfied
 PatchView(TM) installed base; and, last, but not least, Panduit's impressive
 track-record with large-scale projects. Our evaluation shows that the system
 will pay for itself quickly by reducing network downtime and maintenance
 expenses, and by improving our ability to track and control network assets. In
 addition, we believe the system will significantly enhance the physical
 security of the cabling infrastructure."
     "The combination of RiT's state-of-the-art IPLMS technology with our end-
 to-end infrastructure products, solutions, marketing reach and experience
 provides the confidence necessary to earn the customer's preference.  We are
 proud that our joint solution was chosen by one of the world's most
 prestigious banks, and look forward to carrying out this vast project," said
 Andrew Caveney, VP Global Business Development for Panduit.
     Liam Galin, RiT's President and CEO, added, "The fact that this blue-chip
 customer is moving to managed physical layer connectivity in its mission-
 critical networks shows the increasing mainstream acceptance of the IPLMS
 concept. Further, its standardization on our technology is a gratifying
 validation of our products, track record, support capability and partners. We
 are working to leverage all these positives into increased Enterprise sales in
 the years ahead."
 
     About RiT Technologies
     RiT Technologies pioneered the development of intelligent physical layer
 solutions, designed to provide superior control, utilization and maintenance
 of networks. RiT's innovative solutions help customers capitalize on network
 investments and reduce cost of ownership.
     RiT's Enterprise Solutions include PatchView(TM) for full web-based
 management, planning and troubleshooting of network physical layer
 connectivity, and SMART Cabling(TM) System components for single-source, end-
 to-end structured cabling solutions.
     PairView(TM) and PairQ(TM) Carrier Solutions help telcos capitalize on
 outside plant investments by giving them reliable, mass-verified and qualified
 infrastructure and connectivity databases.
     With a global sales network spanning 60 countries, RiT's key customers
 include major financial institutions, corporations and global
 telecommunications companies such as: Deutsche Telekom, Alcatel, TELMEX,
 TELENOR, The New York Mercantile Exchange (NYMEX), ING Barings, INVESCO,
 DIAGEO, Daewoo, and Reuters.
     RiT is a member of the RAD group, a world leader in communications
 solutions.
     For more information, please visit our website: http://www.rittech.com
 
     About Panduit Corp.
     PANDUIT is a global leader in cabling and communication products and
 systems, delivering end-to-end solutions in support of demanding networking
 requirements. The PANDUIT solution is built on a foundation of quality and
 durability to ensure maximum reliability and performance. Continually focused
 on market needs, research and development enables PANDUIT to provide
 innovative products that meet leading applications and environments. This
 provides leading-edge solutions that allow businesses to move forward with
 their strategic objectives. Panduit's global organization provides world-wide
 support.
     For more information, please visit our website: http://www.panduit.com
 
     Safe Harbor statement under the Private Securities Litigation Reform Act
 of 1995:
     This release contains forward looking statements that are subject to risks
 and uncertainties, including, but not limited to, the impact of competitive
 products and pricing, product demand and market acceptance, new product
 development, reliance on key strategic alliances, availability of raw
 materials, the regulatory environment, fluctuations in operating results and
 other risk detailed from time to time in the Company's filings with the
 Securities Exchange Commission.
     This press release is available at http://www.rittech.com and
 http://www.portfoliopr.com .
 
      COMPANY CONTACT:              PORTFOLIO PR CONTACTS
      Shelagh Hammer                Paul Holm / Jerry Cahn
      VP Corporate Marketing        212-736-9224
      +972-3-645 5131               pholm@portfoliopr.com
      shelaghh@rit.co.il            jcahn@portfoliopr.com
 
 

SOURCE RiT Technologies

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