RiT Announces Development of New High-Speed Indoor Wireless Optical Network
Poster: SySAdmin
Posted on October 9, 2012 at 8:35:01 AM
RiT Announces Development of New High-Speed Indoor Wireless Optical Network
Patent-Pending Technology Will Replace Cumbersome Network Cables and Switches With State-of-the-Art Symmetrical, Bi-Directional Optical Links
TEL AVIV, Israel, October 9, 2012 /PRNewswire/ --
RiT Technologies (NASDAQ: RITT) today announced that it is in final development of the
first product in its revolutionary new Indoor Wireless Optical Network (IWON) product
family, positioning it for market launch during the third quarter of 2013.
Following the closing of the Technology Purchase Agreement transaction with Quartz
Ltd. (approved by our shareholders on July 24, 2012 as previously announced), RiT
exclusively owns the IWON technology. Based on this cutting-edge, patent-pending
technology, IWON products will enable companies to achieve their high-speed,
high-bandwidth network needs via symmetrical, bi-directional optical links, eliminating
the need for today's cumbersome cabling networks and switching panels. The use of IWON's
robust, high-performance optical connections will slash the time and effort required to
install network infrastructure while significantly enhancing network performance,
flexibility and security.
Commenting on the news, Dr. Vadim Leiderman, RiT's CEO, said, "With IWON, RiT is
bringing a true revolution to the cabling industry: an out-of-the-box wireless approach
that will be suitable for every network, large or small, existing or new. Through the use
of unique patent-pending technology, IWON will offer an unmatched combination of security,
performance, flexibility, and fast deployment - all at a minimum cost that guarantees real
added value to the user."
The IWON system will be suitable for both new installations and retrofit/replacement
projects, in both open spaces and large conference rooms. In parallel, its utilization of
multiple security layers will improve network connectivity security as compared with
conventional horizontal cabling approaches.
In addition, the IWON will offer a unique IIM (Intelligent Infrastructure Management)
connection, enabling the system's physical and logical network topology and devices to be
automatically detected and comprehensively mapped. This capability will be further
enhanced by the system's tight integration with RiT's CenterMind(TM), the industry's most
fully-featured DCIM (Data Center Infrastructure Management) system.
Dr. Erez Ben Eshay, RiT's CTO, commented: "We have been working at an accelerated pace
to bring these groundbreaking new technologies and products to market as quickly as
possible. We are excited to enter the final stage of the effort and look forward to an
on-time launch in the second quarter of next year."
About RiT Technologies
RiT is a leading provider of comprehensive management solutions for today's
mission-critical data centers and communication rooms. Through the deployment of RiT's
integrated DCIM (data center infrastructure management), IIM (intelligent infrastructure
management), SMART Cabling(TM) and EPV(TM) real-time infrastructure management solutions,
companies enhance both CAPEX and OPEX by increasing efficiency and improving automated
processes. RiT's field-tested solutions are delivering value in thousands of installations
for top-tier enterprises and operators throughout the world. RiT's shares are traded on
the Nasdaq exchange under the symbol RITT. 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:
Dr. Ben-Eshay (CTO)
+972-77-270-7240
erez.beneshay@rittech.com
RiT Technologies Ltd
Patent-Pending Technology Will Replace Cumbersome Network Cables and Switches With State-of-the-Art Symmetrical, Bi-Directional Optical Links
TEL AVIV, Israel, October 9, 2012 /PRNewswire/ --
RiT Technologies (NASDAQ: RITT) today announced that it is in final development of the
first product in its revolutionary new Indoor Wireless Optical Network (IWON) product
family, positioning it for market launch during the third quarter of 2013.
Following the closing of the Technology Purchase Agreement transaction with Quartz
Ltd. (approved by our shareholders on July 24, 2012 as previously announced), RiT
exclusively owns the IWON technology. Based on this cutting-edge, patent-pending
technology, IWON products will enable companies to achieve their high-speed,
high-bandwidth network needs via symmetrical, bi-directional optical links, eliminating
the need for today's cumbersome cabling networks and switching panels. The use of IWON's
robust, high-performance optical connections will slash the time and effort required to
install network infrastructure while significantly enhancing network performance,
flexibility and security.
Commenting on the news, Dr. Vadim Leiderman, RiT's CEO, said, "With IWON, RiT is
bringing a true revolution to the cabling industry: an out-of-the-box wireless approach
that will be suitable for every network, large or small, existing or new. Through the use
of unique patent-pending technology, IWON will offer an unmatched combination of security,
performance, flexibility, and fast deployment - all at a minimum cost that guarantees real
added value to the user."
The IWON system will be suitable for both new installations and retrofit/replacement
projects, in both open spaces and large conference rooms. In parallel, its utilization of
multiple security layers will improve network connectivity security as compared with
conventional horizontal cabling approaches.
In addition, the IWON will offer a unique IIM (Intelligent Infrastructure Management)
connection, enabling the system's physical and logical network topology and devices to be
automatically detected and comprehensively mapped. This capability will be further
enhanced by the system's tight integration with RiT's CenterMind(TM), the industry's most
fully-featured DCIM (Data Center Infrastructure Management) system.
Dr. Erez Ben Eshay, RiT's CTO, commented: "We have been working at an accelerated pace
to bring these groundbreaking new technologies and products to market as quickly as
possible. We are excited to enter the final stage of the effort and look forward to an
on-time launch in the second quarter of next year."
About RiT Technologies
RiT is a leading provider of comprehensive management solutions for today's
mission-critical data centers and communication rooms. Through the deployment of RiT's
integrated DCIM (data center infrastructure management), IIM (intelligent infrastructure
management), SMART Cabling(TM) and EPV(TM) real-time infrastructure management solutions,
companies enhance both CAPEX and OPEX by increasing efficiency and improving automated
processes. RiT's field-tested solutions are delivering value in thousands of installations
for top-tier enterprises and operators throughout the world. RiT's shares are traded on
the Nasdaq exchange under the symbol RITT. 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:
Dr. Ben-Eshay (CTO)
+972-77-270-7240
erez.beneshay@rittech.com
RiT Technologies Ltd