China Agriculture Bank Yuhang Branch Adopts RiT Technologies' Intelligent
Infrastructure Management (IIM) Solution
Solution to Manage Extensive Copper and Fiber-Combined Infrastructure within
TEL AVIV, Israel, Jan. 27, 2014
TEL AVIV, Israel, Jan. 27, 2014 /PRNewswire/ --RiT Technologies Ltd. (NASDAQ
CM: RITT) today announced that the Yuhang branch of China Agriculture Bank has
deployed RiT's field-proven Intelligent Infrastructure Management solution,
EPV™ (Enterprise PatchView).
China Agriculture Bank is a pan-China financial institution with approximately
40 branches and 23,000 local offices. EPV will be utilized to manage the
extensive copper and fiber-combined infrastructure within the Yuhang branch,
which includes approximately 4,000 ports.
EPV is a "plug-and-play" IIM solution that is easy to deploy, with a web-based
interface that does not require additional software or servers. EPV accurately
maps network's IT assets and immediate alerts to unplanned connectivity
"We are pleased to achieve this key win," commented Motti Hania, RiT's
President and CEO. "We believe this initial limited order sets the stage for
RiT to secure additional branches within the China Agricultural Bank, further
diversifying our footprint in the region and eventually leading to additional
opportunities in China's financial sector."
Assaf Skolnik, RiT's Vice President of Sales and Marketing, commented, "EPV's
superior tools for preventing downtime and security breaches were the key to
this win, especially EPV's comprehensive suite of features that alert
customers to unplanned connectivity changes or forced access. Security is of
the utmost importance to banking institutions and its customers."
EPV is a "plug-and-play" IIM solution with a web-based interface that does not
require additional software or servers. EPV enables managers to control the
connectivity of IT assets in the computer room and data center – anytime,
EPV continuously collects connectivity data from patch panels and
communications racks, updating the database with an accurate representation of
the network, which can be retrieved through any device with an internet
EPV provides real-time alerts and notifications that can be transmitted via
email, reporting on implementation of planned changes and alerting to
unplanned changes; helping prevent downtime and security breaches and enabling
managers to accomplish more work with fewer network disruptions and human
EPV is fully scalable and suitable for a wide range of connectivity interfaces
and panel sizes. EPV's hardware component connects easily to the panels in the
communications racks; and begins working immediately upon installation.
About RiT Technologies
RiT Technologies (NASDAQ: RITT) 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
For more information, please visit our website: www.rittech.com.
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.
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.
Elan Yaish, CFO
KCSA Strategic Communication
Jeffrey Goldberger/Rob Fink
SOURCE RiT Technologies Ltd.
Press spacebar to pause and continue. Press esc to stop.