VRYA Viryanet Ltd. (MM)

ViryaNet (NasdaqSC: VRYA), a leading provider of software applications that automate business processes for mobile workforce management and field service delivery, today announced at its customer conference in Orlando the release and availability of ViryaNet WorkUP version 6.6.61. With this release, all ViryaNet WorkUP customers can now utilize the robustness of ViryaNet Service Scheduler, the powerful scheduling and optimization engine. "This latest version of the ViryaNet WorkUP product is rich in features and benefits," stated Mike Hirst, Mobile Services Manager, Montana Dakota Utilities Company. "The development of the product was guided by us, the ViryaNet customers. I fully anticipate that the product will help us increase the efficiency of our technicians and dispatchers, heighten management awareness of field activity, and improve responsiveness to and satisfaction of customers.� This release contains many new efficiency improvements to MobileDispatch, expanded timesheet functionality for crew resources, as well as integration with Service Scheduler, ViryaNet�s algorithmic scheduling optimizer. The new product also contains technical currency improvements throughout the entire suite. �We invest significantly in our R&D efforts, and we are committed to continuously bringing real business value to our customers. With the incorporation of Service Scheduler into the WorkUP product, customers will see improvements in operational efficiency and reduction in costs, including less fuel consumption," stated Jeff Oskin, COO, ViryaNet. ViryaNet WorkUP v6.6.61 boasts many new features, enhanced functionality, and major technological improvements. Highlights include: MobileField Timesheet Process Enhancements � enables crew leaders to indicate and track time for individual crew members throughout the day, and manage crew make-up from the field. WorkUP Integration with ViryaNet Schedule Scheduler Optimizer � reviews a host of criteria, selects the right resource(s), and optimizes routes, ensuring that the right technician arrives at the right place and at the right time � at the lowest cost. Technical Currency � supports Oracle 10g and Oracle 9i as well as Crystal 10. Tried-and-Proven Standard Product ViryaNet WorkUP v6.6.61 is the newest and latest release of the proven ViryaNet solution suite, and is installed at numerous utility companies. Pricing and Availability ViryaNet WorkUP v6.6.61 pricing is based on the number of users and application functionality deployed, enabling significant ROI for utilities of varying sizes. ViryaNet WorkUP v6.6.61 is available immediately for general distribution and implementation. 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. The results are increased service revenues, decreased service costs, and maximized customer satisfaction. ViryaNet�s robust set of applications help companies improve workforce scheduling, dispatching, and activity reporting; customer contract and entitlement automation; and asset, logistics, and depot repair management. 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. ViryaNet (NasdaqSC: VRYA), a leading provider of software applications that automate business processes for mobile workforce management and field service delivery, today announced at its customer conference in Orlando the release and availability of ViryaNet WorkUP version 6.6.61. With this release, all ViryaNet WorkUP customers can now utilize the robustness of ViryaNet Service Scheduler, the powerful scheduling and optimization engine. "This latest version of the ViryaNet WorkUP product is rich in features and benefits," stated Mike Hirst, Mobile Services Manager, Montana Dakota Utilities Company. "The development of the product was guided by us, the ViryaNet customers. I fully anticipate that the product will help us increase the efficiency of our technicians and dispatchers, heighten management awareness of field activity, and improve responsiveness to and satisfaction of customers." This release contains many new efficiency improvements to MobileDispatch, expanded timesheet functionality for crew resources, as well as integration with Service Scheduler, ViryaNet's algorithmic scheduling optimizer. The new product also contains technical currency improvements throughout the entire suite. "We invest significantly in our R&D efforts, and we are committed to continuously bringing real business value to our customers. With the incorporation of Service Scheduler into the WorkUP product, customers will see improvements in operational efficiency and reduction in costs, including less fuel consumption," stated Jeff Oskin, COO, ViryaNet. ViryaNet WorkUP v6.6.61 boasts many new features, enhanced functionality, and major technological improvements. Highlights include: MobileField Timesheet Process Enhancements - enables crew leaders to indicate and track time for individual crew members throughout the day, and manage crew make-up from the field. WorkUP Integration with ViryaNet Schedule Scheduler Optimizer - reviews a host of criteria, selects the right resource(s), and optimizes routes, ensuring that the right technician arrives at the right place and at the right time - at the lowest cost. Technical Currency - supports Oracle 10g and Oracle 9i as well as Crystal 10. Tried-and-Proven Standard Product ViryaNet WorkUP v6.6.61 is the newest and latest release of the proven ViryaNet solution suite, and is installed at numerous utility companies. Pricing and Availability ViryaNet WorkUP v6.6.61 pricing is based on the number of users and application functionality deployed, enabling significant ROI for utilities of varying sizes. ViryaNet WorkUP v6.6.61 is available immediately for general distribution and implementation. 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. The results are increased service revenues, decreased service costs, and maximized customer satisfaction. ViryaNet's robust set of applications help companies improve workforce scheduling, dispatching, and activity reporting; customer contract and entitlement automation; and asset, logistics, and depot repair management. 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.