VRYA Viryanet Ltd. (MM)

ViryaNet Limited (Nasdaq: VRYA), a leading provider of software applications that automate business processes for mobile workforce management and field service delivery, today announced that Asplundh Tree Expert Co. the leader in utility vegetation management, has licensed ViryaNet's electronic Vegetation Management Solution. In addition, Asplundh has signed a distribution agreement to bring eVMS to its customers in North America, United Kingdom, Australia, and New Zealand. Having collaborated over the past several months, the two companies are delivering this solution to the marketplace at a time when the utility industry has critical, new reporting requirements. Developed in partnership with CN Utility Consulting (CNUC) and Enporion, eVMS is a first-to-market computerized system that provides utility companies with the necessary tools for effectively administering a UVM program. eVMS's patent-pending software and business processes provide the necessary tools for utilities to create, plan, execute, monitor, and report on every aspect of transmission and/or distribution vegetation management programs and activities. Such activities may include performing an inventory of vegetation, prioritizing pruning activities, and scheduling the people and equipment to perform the required tasks. eVMS not only offers significant process efficiencies for Asplundh and its customers, but it also will help utilities to comply with and report on new North American Electric Reliability Council (NERC) mandatory transmission clearance requirements. Ultimately, this system will drive improvements in overall transmission and distribution system reliability. A pre-production field trial of eVMS has been successfully completed with Asplundh and Southern California Edison. The project, conducted in the second half of 2005, clearly demonstrated the capabilities of eVMS to capture and update inventory information, dispatch work assignments to crews, capture completed work, and report results. The field trial confirmed that eVMS provided more timely information on completed work and streamlined vegetation management processes to make better use of resources. As a result of the agreement announced today, Asplundh Tree Expert Co. will now market eVMS. Adopting eVMS's state-of-the-art system will help Asplundh's customers manage their vegetation programs more effectively. "Asplundh has a long history of identifying new processes and tools that have driven productivity improvements in the utility vegetation management process," said Scott Asplundh, president of Asplundh Tree Expert Co. "eVMS is a technology tool that will streamline many aspects of that process for our customers, thereby improving reliability and helping with regulatory reporting." Additional information on eVMS may be found at www.evmsolution.com or by contacting 1-800-248-8733 ext. 1348 or evms@asplundh.com. About Asplundh Tree Expert Co. Since 1928 the Asplundh Tree Expert Co. has been dedicated to efficient, safe, and cost-effective vegetation management services for the utility industry. A family-owned and managed corporation headquartered near Philadelphia, PA, Asplundh has grown to employ approximately 28,000 service professionals throughout the United States, Canada, New Zealand and Australia. As a full-service vegetation management contractor, Asplundh performs routine and emergency tree pruning and removals, right-of-way clearing and maintenance with specialized equipment, and vegetation management with herbicides. The company's Web address is www.asplundh.com. About CN Utility Consulting CNUC is an established industry leader in consulting on all issues related to utility vegetation management (UVM). In addition to such high profile projects as the work on the August 14th Northeast Blackout for the United States and Canadian governments, CNUC has also completed the largest UVM benchmarking projects ever accomplished in the industry. Equally important, CNUC has been directly involved with the development of various UVM regulations and requirements, including the NERC draft standard for transmission operations. CNUC currently works with over 60 utility companies in North America on all issues related to utility vegetation management. The company's Web address is www.cnutility.com. About Enporion Enporion provides strategic sourcing services to the gas and electric energy industry to complement supply chain activities and deliver bottom-line value. Enporion's goal is to simplify the buying process and to drive operational excellence through supply chain improvement. By reducing cycle times, lowering inventories, and reducing transaction costs, buyers and suppliers will realize enhanced profitability. Enporion buyers access new suppliers, and experience supply chain process improvements, thus lowering overall operating costs. Suppliers reap the benefit of a smoother interface and exposure to new customers. The company's Web address is www.enporion.com. 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 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. The company's Web address is 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 July 15, 2005, 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.