RiT Technologies Expanding in China: Opens New Office
Poster: SySAdmin
Posted on September 13, 2011 at 7:07:01 AM
RiT Technologies Expanding in China: Opens New Office
TEL AVIV, Israel, September 13, 2011/PRNewswire-FirstCall/ --
RiT Technologies (NASDAQ: RITT), the leading provider of intelligent
infrastructure management solutions, today announcedthat it has established
a new office in Shanghai China as part of its strategic focus on the rapidly
growing Chinese market. The new office, located in Shanghai's prestigious
Nanjing Road West, will enable RiT to provide enhanced sales and technical
support to RiT's growing roster of customers in southern China and to expand
the support it gives to local integrators and resellers.
Over the past several years, RiT has emerged as one of China's leading
providers of intelligent infrastructure management (IIM) solutions, and is
now recognized as a trusted vendor to business partners throughout the
country. As part of its focus on the region, RiT developed a unique
understanding of the needs and expectations of the local market, and
introduced differentiated, tailored offerings that are generating higher
sales and interest.
"The establishment of our second office in China demonstrates the
success of our strategy to build our business in this rapidly-growing market
with high potential for IIM sales," commented Eran Ayzik, RiT's president
and CEO. "Our unique approach to the market, including our partnership with
superbly qualified, well-connected integrators and the offering of
customized solutions, has started to pay off, and we believe that China will
continue growing in importance as a driver of our future sales."
John Long, RiT's Chief China Representative, added, "Demand for IIM is
building in China, and RiT's IIM solution is well accepted here. Now that
our Beijing office is well established, we are able to expand our focus on
China's southern region, which is currently experiencing a building boom. By
opening an office, we will be enhancing support of our partners throughout
the area, and improving our responsiveness to local customers translating
into a higher level of sales."
About RiT Technologies
RiT is a leading provider of intelligent solutions for infrastructure
management, asset management, environment and security, and network
utilization. RiT Enterprise solutions address datacenters, communication
rooms and workspace environments, ensuring maximum utilization, reliability,
decreased downtime, physical security, automated deployment, asset tracking,
and troubleshooting. RiT Carrier solutions provide carriers with the full
array of network mapping, testing and bandwidth qualification capabilities
needed for access network installation and service provisioning. RiT's
field-tested solutions are delivering value in thousands of installations
for top-tier enterprises and operators throughout the world.
For more information, please visit our website:
http://www.rittech.com
Safe Harbor Statement
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. For example, when we discuss a field trial which could lead to
a multi-million dollar Carrier deal, we are using a forward looking
statement. 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:
Moti Antebi
CFO
+972-77-2707210
moti@rit.co.il
Source: RiT Technologies Ltd
.
TEL AVIV, Israel, September 13, 2011/PRNewswire-FirstCall/ --
RiT Technologies (NASDAQ: RITT), the leading provider of intelligent
infrastructure management solutions, today announcedthat it has established
a new office in Shanghai China as part of its strategic focus on the rapidly
growing Chinese market. The new office, located in Shanghai's prestigious
Nanjing Road West, will enable RiT to provide enhanced sales and technical
support to RiT's growing roster of customers in southern China and to expand
the support it gives to local integrators and resellers.
Over the past several years, RiT has emerged as one of China's leading
providers of intelligent infrastructure management (IIM) solutions, and is
now recognized as a trusted vendor to business partners throughout the
country. As part of its focus on the region, RiT developed a unique
understanding of the needs and expectations of the local market, and
introduced differentiated, tailored offerings that are generating higher
sales and interest.
"The establishment of our second office in China demonstrates the
success of our strategy to build our business in this rapidly-growing market
with high potential for IIM sales," commented Eran Ayzik, RiT's president
and CEO. "Our unique approach to the market, including our partnership with
superbly qualified, well-connected integrators and the offering of
customized solutions, has started to pay off, and we believe that China will
continue growing in importance as a driver of our future sales."
John Long, RiT's Chief China Representative, added, "Demand for IIM is
building in China, and RiT's IIM solution is well accepted here. Now that
our Beijing office is well established, we are able to expand our focus on
China's southern region, which is currently experiencing a building boom. By
opening an office, we will be enhancing support of our partners throughout
the area, and improving our responsiveness to local customers translating
into a higher level of sales."
About RiT Technologies
RiT is a leading provider of intelligent solutions for infrastructure
management, asset management, environment and security, and network
utilization. RiT Enterprise solutions address datacenters, communication
rooms and workspace environments, ensuring maximum utilization, reliability,
decreased downtime, physical security, automated deployment, asset tracking,
and troubleshooting. RiT Carrier solutions provide carriers with the full
array of network mapping, testing and bandwidth qualification capabilities
needed for access network installation and service provisioning. RiT's
field-tested solutions are delivering value in thousands of installations
for top-tier enterprises and operators throughout the world.
For more information, please visit our website:
http://www.rittech.com
Safe Harbor Statement
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. For example, when we discuss a field trial which could lead to
a multi-million dollar Carrier deal, we are using a forward looking
statement. 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:
Moti Antebi
CFO
+972-77-2707210
moti@rit.co.il
Source: RiT Technologies Ltd
.