LAN Magazine Names RIT Technologies' EPV as a "Year's Most Efficient Cabling Infrastructure Product"

Prize Confirms EPV's Clear Economic Benefit

Jun 02, 2010, 08:10 ET from RiT Technologies Ltd

TEL AVIV, Israel, June 2, 2010 /PRNewswire-FirstCall/ -- RiT Technologies (NASDAQ: RITT) today announced that Russia's LAN Magazine has named RiT's EPV(TM) real-time cabling management solution as one of the year's "Most Efficient Cabling Infrastructure Product" in its Product of the Year competition. In bestowing this award, LAN Magazine noted the strong economic benefit that use of the EPV brought to enterprises.

"We are proud that such a prominent industry magazine has recognized the potential of our EPV to reduce total cost of ownership (TCO), capital expenditures (CAPEX) and operating expenditures (OPEX)," commented Avi Kovarsky, President and CEO of RiT Technologies. "In launching the EPV last year, we brought a new concept to market: infrastructure management that could be deployed on a 'plug-n-play' basis by small-to-medium-sized and distributed organizations without investment in new servers or software.

"We are very excited by the market's positive reception to the EPV and the promising new partnerships that it has opened up for us."

LAN Magazine's awards were granted to cabling infrastructure-related products, solutions or technologies that offered customers the greatest potential economic benefit. The winning products were expected to bring customers improved performance at lower costs or with less effort, thus reducing TCO, CAPEX and OPEX, and bringing rapid return on investment (ROI).

RiT's EPV, a device-based solution that gives users an accurate, real-time picture of an organization's cabling infrastructure, was recognized as the leading affordable solution for mainstream markets.

EPV is easy and simple to deploy and implement, and does not require any additional software or server installation, thus reducing the initial investment significantly. The hardware components of the system connect easily to panels in the communication racks. Once this hardware is connected to the network, EPV is ready to start providing comprehensive, up-to-date connectivity information needed to manage cabling infrastructure effectively.

About RiT Technologies

RiT is a leading provider of intelligent solutions for infrastructure management, asset management, environment and security, and network utilization. RiT Enterprise solutions address datacenters, communication rooms and workspace environments, ensuring maximum utilization, reliability, decreased downtime, physical security, automated deployment, asset tracking, and troubleshooting. RiT Environment and Security solutions enable companies to effectively control their datacenters, communications rooms and remote physical sites and facilities in real-time, comprehensively and accurately. RiT Carrier solutions provide carriers with the full array of network mapping, testing and bandwidth qualification capabilities needed for access network installation and service provisioning. RiT's field-tested solutions are delivering value in thousands of installations for top-tier enterprises and operators throughout the world.

For more information, please visit our website: http://www.rittech.com

Safe Harbor Statement

In this press release, all statements that are not purely about historical facts, including, but not limited to, those in which we use the words "believe," "anticipate," "expect," "plan," "intend," "estimate", "forecast", "target", "could" and similar expressions, are forward-looking statements within the meaning of the Private Securities Litigation Reform Act of 1995. For example, when we discuss a field trial which could lead to a multi-million dollar Carrier deal, we are using a forward looking statement. While these forward-looking statements represent our current judgment of what may happen in the future, actual results may differ materially from the results expressed or implied by these statements due to numerous important factors, including, but not limited to, those described under the heading "Risk Factors" in our most recent Annual Report filed with the Securities and Exchange Commission (SEC) on Form 20-F, which may be revised or supplemented in subsequent reports filed with the SEC. These factors include, but are not limited to, the following: our ability to raise additional financing, if required; the continued development of market trends in directions that benefit our sales; our ability to maintain and grow our revenues; our dependence upon independent distributors, representatives and strategic partners; our ability to develop new products and enhance our existing products; the availability of third-party components used in our products; the economic condition of our customers; the impact of government regulation; and the economic and political situation in Israel. We are under no obligation, and expressly disclaim any obligation, to update the forward-looking statements in this press release, whether as a result of new information, future events or otherwise.

    Company contact:
    Eran Ayzik
    CFO
    +972-3-766-4249
    erana@rit.co.il


SOURCE RiT Technologies Ltd