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Rit Technologies' Advanced SMARTen(TM) Cabling Solution to be Deployed in 100 Computing Classrooms With 'Time To Know' Solution
TEL AVIV, Israel, June 29, 2010-- RiT Technologies Ltd. (NASDAQ: RITT) announced today that its
cabling system will be deployed together with the 'Time To Know' teaching
platform in the network infrastructure of computing classrooms throughout
Israel. The selection was made after RiT submitted its design for evaluation
in a competitive tender.
During the first phase of the project, RiT's state-of-the-art
cabling solution consisting of panels, patch cords, Category 6A STP cabling
and outlets, will be deployed in 10 schools in Israel. In the second stage,
hundreds of additional classrooms will be established.
"'Time To Know' is bringing an exciting new concept to the
world of education," commented Avi Kovarsky, President and CEO of RiT
Technologies. "However, the success of the project depends totally upon the
availability and stability of the classroom's computer network. Using our
high quality components, 'Time To Know' will be assured of maximum
performance, freeing teachers and staff to concentrate on their educational
endeavors. We are proud to be part of this breakthrough initiative."
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.
About "Time To Know"
Time To Know aims to take K-12 education to a whole new level
through a holistic integration of an interactive core curriculum and a
digital teaching platform designed specifically for one-to-one computing
classrooms. Today, 60 Time To Know classrooms have been established in the US
and Israel, and hundreds more are scheduled to be established. Today, Time To
Know has 350 employees in the US and Israel, including experts in pedagogy
and computer based-learning; creative professionals in video, animation, and
music; writers, academics, and engineers.
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.
Contact:
Eran Ayzik
CFO
+972-3-645-5214
erana@rit.co.il
Source: RiT Technologies Ltd
Contact: Eran Ayzik, CFO, +972-3-645-5214, erana@rit.co.il
Rit Technologies' Advanced SMARTen(TM) Cabling Solution to be Deployed in 100 Computing Classrooms With 'Time To Know' Solution
TEL AVIV, Israel, June 29, 2010-- RiT Technologies Ltd. (NASDAQ: RITT) announced today that its
cabling system will be deployed together with the 'Time To Know' teaching
platform in the network infrastructure of computing classrooms throughout
Israel. The selection was made after RiT submitted its design for evaluation
in a competitive tender.
During the first phase of the project, RiT's state-of-the-art
cabling solution consisting of panels, patch cords, Category 6A STP cabling
and outlets, will be deployed in 10 schools in Israel. In the second stage,
hundreds of additional classrooms will be established.
"'Time To Know' is bringing an exciting new concept to the
world of education," commented Avi Kovarsky, President and CEO of RiT
Technologies. "However, the success of the project depends totally upon the
availability and stability of the classroom's computer network. Using our
high quality components, 'Time To Know' will be assured of maximum
performance, freeing teachers and staff to concentrate on their educational
endeavors. We are proud to be part of this breakthrough initiative."
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.
About "Time To Know"
Time To Know aims to take K-12 education to a whole new level
through a holistic integration of an interactive core curriculum and a
digital teaching platform designed specifically for one-to-one computing
classrooms. Today, 60 Time To Know classrooms have been established in the US
and Israel, and hundreds more are scheduled to be established. Today, Time To
Know has 350 employees in the US and Israel, including experts in pedagogy
and computer based-learning; creative professionals in video, animation, and
music; writers, academics, and engineers.
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.
Contact:
Eran Ayzik
CFO
+972-3-645-5214
erana@rit.co.il
Source: RiT Technologies Ltd
Contact: Eran Ayzik, CFO, +972-3-645-5214, erana@rit.co.il