TEL AVIV, Israel, Dec. 17, 2015 (GLOBE NEWSWIRE) -- RiT Technologies (NASDAQ: RITT ), a leading provider of converged infrastructure management solutions that enable companies to maximize utilization and security of their network infrastructure, announced today that the China Southern Power Grip Company has deployed RiT’s PatchView™ Intelligent Infrastructure Management (IIM) solution to gain real-time visibility and to manage their network remotely while increasing availability and operational efficiency. The IIM PatchView solution manages over 10,000 intelligent ports implemented in power substations throughout the Yunnan Province of South China.
Mr. Mao Lan from Yunnan Shuanglin company, project’s system integrator, selected RiT IIM, because of the ease of integrating with their comprehensive management platform and the seamless connection between modules.
Using the RiT solution, managers can supervise the physical link status anywhere anytime; even for remote substations. Managers can respond to equipment errors and warning of physical link failures promptly to prevent downtime, which would have been impossible without RiT’s remote monitoring capabilities.
About RiT Technologies
RiT Technologies (NASDAQ: RITT ) is a leading provider of converged IT infrastructure management and connectivity solutions. RiT offers a platform that provides a unified way to manage converged systems and services to improve network utilization, streamline infrastructure operations, reduce network operation cost, optimize future investments and enhance data security.
RiT’s connectivity solution includes IIM - Intelligent Infrastructure Management, high performance end-to-end structured cabling solutions.
RiT Technologies’ subsidiary RiT Wireless Ltd. produces a range of optical wireless solutions under the Beamcaster brand, which provide high speed, highly secure data communications across indoor open spaces. Deployed around the world in data centers, large corporations, government agencies, financial institutions, telecommunications, airport authorities, healthcare organizations and educational facilities.
RiT’s shares are traded on the NASDAQ Capital Market under the symbol RITT.
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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. Except as otherwise required by applicable law, we 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.
CONTACTS: Assaf Skolnik VP Sales M: +972.54.5655346 assaf.skolnik@rittech.com www.rittech.com Monica Maron Spicetree Communications Mobile: +972-54-5429529 monica.maron@spicetreecom.com
