RiT Technologies Secures more than $1.75 Million in Orders from Brazilian
Partner Furukawa Industrial S.A. (FISA)
Partnering with Furukawa, Latin America's Leading Network Infrastructure
Company, Demonstrates RiT's Growing OEM Momentum in Key Target Markets
TEL AVIV, Israel, Dec. 2, 2013
TEL AVIV, Israel, Dec. 2, 2013 /PRNewswire/ --RiT Technologies Ltd. (NASDAQ
CM: RITT), the leader in intelligent infrastructure management, today
announced that orders placed by Furukawa Industrial, S.A. (FISA), RiT's OEM
partner for Brazil and other Latin American countries, exceeded US $1.75
million in 2013.
FISA, a manufacturer of structured cabling solutions and optical fiber
networks and a subsidiary of Japan's Furukawa Group, is Latin America's
leading network infrastructure company with a significant market share of the
Brazilian, Argentinian and Chilian structured cabling industries.
"Intelligent infrastructure is critical for todays 'smart buildings', and RiT
offers optimal IIM solutions," commented Jose Alcantara, FISA's Planning and
New Businesses Manager. "By integrating RiT's IIM and DCIM into our product
offering, we provide our customers with new capabilities that improve the
management of IT network infrastructure. This in turn translates directly into
higher network efficiency and reduction in costs- two key advantages that
help us close deals. Based on our success in 2013, we have a goal to further
increase order quantities in 2014."
FISA deploys RiT's industry-leading IIM (Intelligent Infrastructure
Management) and DCIM (Data Center Infrastructure Management) solutions for a
broad range of commercial and government infrastructure projects. The RiT
technologies speed up project installations, optimize operations and enhance
efficiency of HVAC, energy and access systems.
Dr. Vadim Leiderman, RiT's President and CEO, adds: "We are excited that FISA,
Latin America's leading structured cabling firm, has become a 'champion' of
the intelligent infrastructure concept pioneered by RiT. As Brazil prepares
for the 2014 World Cup and 2015 Olympic games, we expect the building boom to
continue which should position us well for continued growth."
"Our success with FISA demonstrates the momentum RiT is developed as a
provider of state-of-the-art infrastructure management systems. We focus on
partnering with leading structured cabling vendors such as FISA, which have
potential to promote our business offerings, including the PatchView+
interconnected solution and our CenterMind DCIM software."
About Furukawa (FISA)
A manufacturer of structured cabling solutions and optical fiber networks,
Furukawa (FISA) is the leader of the structured cabling industry in the
Mercosur region and has a growing presence in Latin America. This Japanese
firm has been active in the Latin America area for the last 37 years. It has
industrial units in Curitiba, Paraná, and Sao Paulo (Brazil), and Buenos Aires
(Argentina), which meet regional needs and enhance the logistics of product
distribution for the Ibero-American market. Furukawa (FISA) operates through a
network of authorized resellers, integrators, and training centers throughout
FISA is a subsidiary of Furukawa Electric Company, Ltd.
(www.furukawa.co.jp/english), an $11 billion global leader in the design,
manufacture and supply of fiber optic products, network products, electronics
components, power cables, nonferrous metals, and other advanced technology
products headquartered in Tokyo.
About RiT Technologies
RiT is a leading provider of IIM solutions and a developer of an innovative
indoor optical wireless technology solution. Our IIM products provide and
enhance security and network utilization for data centers, communication rooms
and work space environments. They help companies plan and provision, monitor
and troubleshoot their communications networks, maximizing utilization,
reliability and physical security of the network while minimizing unplanned
downtime. Our IIM solutions are deployed around the world, in a broad range of
organizations, including data centers in the private sector, government
agencies, financial institutions, airport authorities, healthcare and
education institutions. Our Beamcaster™ product is the first of our indoor
optical wireless technology solutions. It is designed to help customers
streamline deployment, reduce infrastructure design, installation and
maintenance complexity and enhance security in a cost effective way. RiT's
shares are traded on the NASDAQ Capital Market under the symbol RITT.
For more information, please visit our website: www.rittech.com, the content
of which is not part of this press release.
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While these forward-looking statements represent our current judgment of what
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information, future events or otherwise.
Elan Yaish, CFO
KCSA Strategic Communication
Jeffrey Goldberger/Rob Fink
SOURCE RiT Technologies
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