ViryaNet Announces the Availability of ViryaNet Service Hub 7, Completing the Merge of iMedeon and ViryaNet Products.Business/Technology Editors SOUTHBOROUGH, Mass.--(BUSINESS WIRE)--Oct. 10, 2002 ViryaNet (NASDAQ NASDAQ in full National Association of Securities Dealers Automated Quotations U.S. market for over-the-counter securities. Established in 1971 by the National Association of Securities Dealers (NASD), NASDAQ is an automated quotation system that reports on : VRYA), a provider of integrated mobile and Web-baseD software applications for workforce and work order management, today announced the release and availability of ViryaNet Service Hub 7. ViryaNet Service Hub 7 features significant functional enhancements, and completes the merging of iMedeon's iM:Work suite of products with ViryaNet Service Hub. "The marriage of ViryaNet and iMedeon in ViryaNet Service Hub 7 enables utilities to achieve dramatically improved levels of productivity, and makes available new best practices across the spectrum of industries that we serve," said Win Burke, president and CEO (1) (Chief Executive Officer) The highest individual in command of an organization. Typically the president of the company, the CEO reports to the Chairman of the Board. , ViryaNet. "This single code line, achieved in only seven months, is a testament to the diligence of our fine team and a success story for the open technologies on which both products were designed, including Java and XML XML in full Extensible Markup Language. Markup language developed to be a simplified and more structural version of SGML. It incorporates features of HTML (e.g., hypertext linking), but is designed to overcome some of HTML's limitations. , and state-of-the-art integration elements. The resulting offering is a powerful field service application with a wide range of mobile and wireless capabilities, enhanced scheduling, and workflow technologies Workflow technology is a new field of software products designed to improve the design of information systems. It involves use of workflow engine to execute models of processes. The models can be edited by persons not experienced in programming (e.g. that will dramatically increase field worker productivity and efficiency, resulting in lower cost and better customer service." "ViryaNet Service Hub 7 will be the first (major product) release from (ViryaNet) since it acquired iMedeon. The release consolidates the ViryaNet and iMedeon products, and finally addresses the market's unmet demand for a common application that efficiently manages a mix of complex and simple work. Current customers with these attributes should take notice and consider the upgrade to ViryaNet Service Hub 7. Users have been pushing for a product that can manage complex and simple work orders in online and offline modes. ViryaNet responded by incorporating a scheduler designed to handle the full range of work orders ... The application can also support fat and thin client. The fat version is designed to support messaging, notifications, and full reporting. (ViryaNet) Service Hub 7 has a new mobile computing Using a computing device while in transit. Mobile computing implies wireless transmission, but wireless transmission does not necessarily imply mobile computing. Fixed wireless applications use satellites, radio systems and lasers to transmit between permanent objects such as buildings platform that consists of a channel server and micro-server components using traditional browsers on any Windows platform. Users need to conduct field activity online and offline over any network." Source: Marc McCluskey, The AMR (1) (Adaptive Multi-Rate) A variable rate speech codec selected by the 3GPP for the 3G evolution of the GSM cellphone system (WCDMA). Using the Algebraic CELP (ACELP) compression technology, AMR provides toll quality sound at transmission rates from 4.75 to 12. Alert, October 7, 2002. Major components of Service Hub 7 include: -- A universal Service Scheduler for the continuum of work order requirements -- Optimal online / offline work capabilities for field service delivery -- A set of easy-to-modify configuration tools Universal Service Scheduler for the Continuum of Work Order Requirements ViryaNet Service Scheduler, a key component of ViryaNet Service Hub 7, supports hi-volume service tasks and multi-day, multi-resource projects with an enhanced dispatch board for easy viewing of all field technicians' schedules. ViryaNet Service Hub for Utilities allows for the configuration, scheduling, and dispatching of individuals, crews, and equipment. Regardless of their primary responsibilities, crews can be scheduled and dispatched across centers or divisions. ViryaNet firmly believes in the universal scheduler/dispatcher approach, which is based on the foundation that all work order types and all available resources, whether internal or external, tools or equipment, must be managed within a single mobile workforce management Workforce Management (WFM) encompasses all the responsibilities for maintaining a productive and happy workforce. Sometimes referred to as HRMS systems, or even the larger ERP systems (Oracle, PeopleSoft, SAP). There are many software vendors within this space. (MWFM MWFM Make Way for Me MWFM Mobile Wireless Fault Mediator ) environment. Optimal Online / Offline Work Capabilities for Field Service Delivery ViryaNet Service Hub 7 includes the iMedeon field client for Windows-based devices, complementing ViryaNet Service Hub's existing support for Win 32 and Pocket PC devices It may never be fully completed or, depending on its its nature, it may be that it can never be completed. However, new and revised entries in the list are always welcome. This is a list of Pocket PC and Windows CE devices, and companies that make, or have made, them. , Palm OS, WAP phones, and RIM pagers. This fat client offers peer-to-peer messaging, provides emergency notifications, and supports all forms of field-activity reporting. ViryaNet Service Hub 7 also introduces a revolutionary Mobile Computing Platform (MCP (1) See Microsoft certification. (2) (MultiChip Package) A chip package that contains two or more chips. It is essentially a multichip module (MCM) that uses a laminated, printed-circuit-board-like substrate (MCM-L) rather than ceramic (MCM-C). ) that combines the efficiency and robustness of fat clients with the simplicity and flexibility usually attributed to thin clients -- without the limitation of having to be connected to process work. Fat client benefits, such as optimal compression and full functional off-line operations, are combined with the thin client benefits of rapid application deployment and no administration-- all fully functional even when the device is not within wireless coverage. The ViryaNet MCP enables organizations to finally achieve the long-awaited promise of mobile Web-based applications. Easy-to-Modify Configuration Tools Historically, enterprise system deployments have forced organizations to sacrifice their best-practice processes, unique terminology, and competitive differentiation, or forfeit their ability to upgrade. ViryaNet Service Hub 7 offers a compromise-free alternative. ViryaNet's rich capability to configure unique business processes, tailor user interfaces, and perform integrations without changing the core software is a significant differentiator. ViryaNet Service Hub 7 includes new configuration tools to enhance screen design and easily add fields and compose new forms. Pricing and Availability ViryaNet Service Hub 7 pricing is based on the number of users and functionality deployed, enabling significant ROI (Return On Investment) The monetary benefits derived from having spent money on developing or revising a system. In the IT world, there are more ways to compute ROI than Carter has liver pills (and for those of you who never heard of that expression, it means a lot). for organizations of varying sizes. ViryaNet Service Hub 7 is immediately available for general distribution and implementation. Tried and Proven Application ViryaNet Service Hub 7 is the newest and latest release of the proven ViryaNet Service Hub platform, originally made available in March 2000 and installed at numerous customer sites in a range of industries, including utilities, telecommunications, manufacturing, building services, and retail. Continued evidence of the industry acceptance of ViryaNet Service Hub is the purchase or upgrade of ViryaNet Service Hub 7 for deployment at several customer sites in the United States United States, officially United States of America, republic (2005 est. pop. 295,734,000), 3,539,227 sq mi (9,166,598 sq km), North America. The United States is the world's third largest country in population and the fourth largest country in area. , Europe, and Japan. Upgrading to ViryaNet Service Hub 7; an Investment Protection Plan ViryaNet offers to existing customers, which have support contracts for ViryaNet Service Hub or iM:Work software products, a no-charge software license upgrade for new releases, including ViryaNet Service Hub 7. ViryaNet also offers professional services (job) professional services - A department of a supplier providing consultancy and programming manpower for the supplier's products. to assist with on-site installation and implementation of new releases. About ViryaNet ViryaNet is a provider of software applications that improve the quality and efficiency of an organization's service operations. ViryaNet's flagship product A primary product of a company, which is typically why the company was founded and/or what made it well known. For example, MS-DOS, Windows and the Microsoft Office suite have been flagship products of Microsoft. CorelDRAW is a flagship product of Corel Corporation. -- the award-winning ViryaNet Service Hub -- combines the power of the Internet, the Internet, the, international computer network linking together thousands of individual networks at military and government agencies, educational institutions, nonprofit organizations, industrial and financial corporations of all sizes, and commercial enterprises freedom of wireless technologies, and the resources of ViryaNet's deep service expertise to help companies improve workforce scheduling, dispatching, and activity reporting; customer contract and entitlement automation; and asset, logistics and repairs management. Customers in the telecommunications, utility, high-technology manufacturing, grocery and retail, insurance, HVAC (Heating Ventilation Air Conditioning) In the home or small office with a handful of computers, HVAC is more for human comfort than the machines. In large datacenters, a humidity-free room with a steady, cool temperature is essential for the trouble-free , and other industries use ViryaNet Service Hub to transition complex service business processes into a manageable, scalable Internet operation, with the goal of increasing service revenues, decreasing service costs, and maximizing customer satisfaction. Safe Harbor Safe Harbor 1. A legal provision to reduce or eliminate liability as long as good faith is demonstrated. 2. A form of shark repellent implemented by a target company acquiring a business that is so poorly regulated that the target itself is less attractive. Statement Safe Harbor Statement under the Private Securities Litigation Reform Act The Private Securities Litigation Reform Act of 1995 (PSLRA) implemented several significant substantive changes affecting certain cases brought under the federal securities laws, including changes related to pleading, discovery, liability, class representation and awards fees and of 1995: The statements contained in this press release that are not purely historical are forward-looking statements forward-looking statement A projected financial statement based on management expectations. A forward-looking statement involves risks with regard to the accuracy of assumptions underlying the projections. 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, and its customer purchases. 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 relating to relate prep → concernant relating to relate prep → bezüglich +gen, mit Bezug auf +acc 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 Operating expenses The amount paid for asset maintenance or the cost of doing business, excluding depreciation. Earnings are distributed after operating expenses are deducted. , risks in technology development and commercialization, the risk of operating losses operating loss The excess of operating expenses over revenue. As with operating income, operating losses exclude revenues and expenses from operations that are not considered a regular part of the business. Also called deficit. Compare operating income. , risks in product development, risks associated with international sales, and other risks that are set forth in ViryaNet's Form F-1, as amended, declared effective by the SEC on September 19, 2000, and the other reports filed from time to time with the Securities and Exchange Commission. 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. |
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