RiT and Panduit Sign MOU For Joint Marketing and Co-Development of Physical Layer Management Solutions

Apr 18, 2001, 01:00 ET from RiT Technologies

    TEL AVIV, Israel, April 18 /PRNewswire/ -- Panduit Corp., a World Leader
 in Network Connectivity headquartered in the US, and
 RiT Technologies (Nasdaq:   RITT) a World Leader in real time Physical Layer
 Management Solutions, are pleased to announce the signing of a Memorandum Of
 Understanding to enter into a strategic alliance related to the sales,
 marketing, and co-development of real time Physical Layer Asset Management
 Solutions for the Enterprise and Service Provider Marketplace.  According to
 the MOU, Panduit Corp. will immediately begin the sales and marketing of a
 real time Physical Layer Management Solution based on RiT's PatchView for the
 Enterprise(TM) System and technology.  The two companies will also immediately
 begin joint development of enhancements to the system to further the systems
 capability and importance in the management of the physical layer.
     Commenting on the news, Andrew Caveney, Global Marketing Manager for
 Panduit, said, "For some time, we have recognized the value which managed
 connectivity solutions can bring to Enterprise and Service Provider clients.
 After researching these markets for more than a year, we are convinced that
 RiT's Patch View for the Enterprise(TM) is by far the best solution available.
 With successful installations of over 2,000,000 links worldwide, RiT is
 clearly the network connectivity market and technology leader.  By joining the
 strengths of our two companies, we can accelerate the development and
 deployment of further innovations in this exciting emerging market."
     Liam Galin, CEO of RiT Technologies, added, "As a leading vendor of
 structured cabling solutions, Panduit provides RiT with outstanding global
 marketing capabilities and presence, along with proven leadership in the
 innovation of structured cabling solutions.  We are confident that the
 combination of our technology leadership with Panduit's overall capabilities
 and vision will enable us to create the industry standard solution for real
 time physical layer management."
     Mr. Caveney concluded, "Panduit has built its World Class reputation by
 bringing its customers the best solutions for their structured cabling needs.
 In working with RiT, we are filling a recognized gap in Panduit's solutions
 with the best technology possible.   RiT's visionary technology leadership in
 this area, along with their substantial market lead, made them the clear
 choice to align with to build a future business and industry."
 
     About Panduit
     Panduit is a world-class manufacturer of high-quality products for wiring
 and communications applications, with sales over $500 million, 3,800
 employees, and more than three million square feet of facilities in locations
 throughout the U.S. and around the world.  The Panduit Network Connectivity
 Group offers the most complete line of network infrastructure solutions in the
 world.  Solutions include: copper and fiber optic connectors and patch cords;
 communication outlets; rack systems; surface raceway systems; fiber routing
 systems; grounding products; cable ties; and identification products. The
 Panduit Electrical/Electronic Group offers a broad range of innovative wire
 management solutions to provide the highest installed value and lowest cost of
 ownership.  Products include: cable ties; terminals; power connectors; wiring
 duct; surface raceway; heat shrink tubing; and wire abrasion protection.
 
     About RiT Technologies
     RiT leverages its unique technology for integrated network management
 solutions to improve network performance and maximize the return of telecom
 and datacom physical layer network investments. RiT's PairView(TM) and
 PairQ(TM) target the telecommunication outside plant network management
 market, estimated at a potential of $1-2 B, and improves telco's ability to
 provision high bandwidth services (xDSL). PairQ enables mass-qualification of
 telco copper infrastructure, improving deployment and the margins of providing
 DSL services.  RiT's PatchView for the Enterprise(TM) advanced solution
 targets the enterprise management market, estimated at $7.5 B/yr. RiT's
 PatchView(TM) and SMART Cabling(TM) systems target the enterprise LAN wiring
 market, estimated as $5-6 B/yr.
     RiT's sales network spans 50 countries.  Key customers include major
 global telecommunications companies and enterprises, like Deutsche Telekom,
 Alcatel, TELMEX, TELENOR, American Express, The New York Mercantile Exchange
 (NYMEX), and ING Barings.  RiT is a member of the RAD group, a world leader in
 communications solutions.  For more information, please visit the web site:
 http://www.RiTtech.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 risks detailed from time to time in the Company's filings with the
 Securities and Exchange Commission.
 
 

SOURCE RiT Technologies
    TEL AVIV, Israel, April 18 /PRNewswire/ -- Panduit Corp., a World Leader
 in Network Connectivity headquartered in the US, and
 RiT Technologies (Nasdaq:   RITT) a World Leader in real time Physical Layer
 Management Solutions, are pleased to announce the signing of a Memorandum Of
 Understanding to enter into a strategic alliance related to the sales,
 marketing, and co-development of real time Physical Layer Asset Management
 Solutions for the Enterprise and Service Provider Marketplace.  According to
 the MOU, Panduit Corp. will immediately begin the sales and marketing of a
 real time Physical Layer Management Solution based on RiT's PatchView for the
 Enterprise(TM) System and technology.  The two companies will also immediately
 begin joint development of enhancements to the system to further the systems
 capability and importance in the management of the physical layer.
     Commenting on the news, Andrew Caveney, Global Marketing Manager for
 Panduit, said, "For some time, we have recognized the value which managed
 connectivity solutions can bring to Enterprise and Service Provider clients.
 After researching these markets for more than a year, we are convinced that
 RiT's Patch View for the Enterprise(TM) is by far the best solution available.
 With successful installations of over 2,000,000 links worldwide, RiT is
 clearly the network connectivity market and technology leader.  By joining the
 strengths of our two companies, we can accelerate the development and
 deployment of further innovations in this exciting emerging market."
     Liam Galin, CEO of RiT Technologies, added, "As a leading vendor of
 structured cabling solutions, Panduit provides RiT with outstanding global
 marketing capabilities and presence, along with proven leadership in the
 innovation of structured cabling solutions.  We are confident that the
 combination of our technology leadership with Panduit's overall capabilities
 and vision will enable us to create the industry standard solution for real
 time physical layer management."
     Mr. Caveney concluded, "Panduit has built its World Class reputation by
 bringing its customers the best solutions for their structured cabling needs.
 In working with RiT, we are filling a recognized gap in Panduit's solutions
 with the best technology possible.   RiT's visionary technology leadership in
 this area, along with their substantial market lead, made them the clear
 choice to align with to build a future business and industry."
 
     About Panduit
     Panduit is a world-class manufacturer of high-quality products for wiring
 and communications applications, with sales over $500 million, 3,800
 employees, and more than three million square feet of facilities in locations
 throughout the U.S. and around the world.  The Panduit Network Connectivity
 Group offers the most complete line of network infrastructure solutions in the
 world.  Solutions include: copper and fiber optic connectors and patch cords;
 communication outlets; rack systems; surface raceway systems; fiber routing
 systems; grounding products; cable ties; and identification products. The
 Panduit Electrical/Electronic Group offers a broad range of innovative wire
 management solutions to provide the highest installed value and lowest cost of
 ownership.  Products include: cable ties; terminals; power connectors; wiring
 duct; surface raceway; heat shrink tubing; and wire abrasion protection.
 
     About RiT Technologies
     RiT leverages its unique technology for integrated network management
 solutions to improve network performance and maximize the return of telecom
 and datacom physical layer network investments. RiT's PairView(TM) and
 PairQ(TM) target the telecommunication outside plant network management
 market, estimated at a potential of $1-2 B, and improves telco's ability to
 provision high bandwidth services (xDSL). PairQ enables mass-qualification of
 telco copper infrastructure, improving deployment and the margins of providing
 DSL services.  RiT's PatchView for the Enterprise(TM) advanced solution
 targets the enterprise management market, estimated at $7.5 B/yr. RiT's
 PatchView(TM) and SMART Cabling(TM) systems target the enterprise LAN wiring
 market, estimated as $5-6 B/yr.
     RiT's sales network spans 50 countries.  Key customers include major
 global telecommunications companies and enterprises, like Deutsche Telekom,
 Alcatel, TELMEX, TELENOR, American Express, The New York Mercantile Exchange
 (NYMEX), and ING Barings.  RiT is a member of the RAD group, a world leader in
 communications solutions.  For more information, please visit the web site:
 http://www.RiTtech.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 risks detailed from time to time in the Company's filings with the
 Securities and Exchange Commission.
 
 SOURCE  RiT Technologies