RiT Technologies Receives First Order for Beamcaster™ in China

        RiT Technologies Receives First Order for Beamcaster™ in China

Represents initial penetration of Beamcaster™ into the Chinese market

PR Newswire

TEL AVIV, Israel, Feb. 3, 2014

TEL AVIV, Israel, Feb. 3, 2014 /PRNewswire/ --RiT Technologies Ltd. (NASDAQ
CM: RITT) the leading provider of IIM solutions and a developer of an
innovative indoor optical wireless technology, today announced its first order
for its Beamcaster product from a leading software and IT company in Shenzhen,
China. The customer placed an initial order to purchase five Beamcaster
systems, which will be deployed on-premises at a beta site facility. RiT will
leverage this order to officially launch a new sales and marketing effort
focused on the Chinese market.

"We are extremely excited to introduce Beamcaster into China and penetrate a
new market," commented Mr. Motti Hania, RiT's President and CEO. "There is a
tremendous opportunity in the region for a flexible, ultra-high bandwidth
networking alternative that is secure and more cost effective than structured
cabling. We believe Beamcaster is an ideal solution for the enterprise
environment and we look forward to gaining market acceptance for this new
technology."

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
effective way.

For more information, please visit our website: www.rittech.com.

Forward-Looking Statements

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.

COMPANY CONTACT:
Elan Yaish, CFO & Deputy CEO
+972-77-270-7210
elan.yaish@rittech.com

or

KCSA Strategic Communication
Jeffrey Goldberger/Rob Fink
212-896-1249/212-896-1206
jgoldberger@kcsa.com/rfink@kcsa.com



SOURCE RiT Technologies Ltd.

Website: http://www.rittech.com
 
Press spacebar to pause and continue. Press esc to stop.