RiT Technologies Strengthens Presence in Asia: Establishes New Representative in Singapore
September 03 2009 - 8:00AM
PR Newswire (US)
TEL AVIV, Israel, September 3 /PRNewswire-FirstCall/ -- RiT
Technologies (NASDAQ:RITTNASDAQ:NASDAQ:NASDAQ:RITTD), today
announced that it has entered into a representative agreement with
Singapore-based company to act as RiT's representative in Singapore
and several other Asian regions. This representative contractor
will provide support for RiT's partners and end-users, and will
assist RiT in carrying out sales and marketing efforts throughout
the region. The agreement was undertaken as part of RiT's strategy
of increasing local representation in key growth markets. During
the past several years, RiT has also entered into representative
agreements in China and India, steps that have begun to pay off
through increased penetration into these strategic regions. "As a
rapidly-growing market with high expectations for quality and
reliability, Singapore represents a significant untapped
opportunity for our solutions," commented Avi Kovarsky, RiT's
President and CEO. "With local representation, we will be able to
offer local service and accountability as well as the best
infrastructure solutions on the market, a combination that we
believe will appeal to customers in the region. In addition, we
plan to carry out joint sales and marketing activities targeting
the representative's large contact network, increasing our ability
to identify opportunities and close new business." 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
data centers, communication rooms and workspace environments,
ensuring maximum utilization, reliability, decreased downtime,
physical security, automated deployment, asset tracking, and
troubleshooting. RiT Environment and Security solutions enable
companies to effectively control their data centers, communications
rooms and remote physical sites and facilities in real-time,
comprehensively and accurately. 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: Simona Green VP Finance +972-3-766-4249
DATASOURCE: RiT Technologies Ltd CONTACT: COMPANY CONTACT: Simona
Green, VP Finance, +972-3-766-4249,
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