PRAGUE, July 28, 2010 /PRNewswire-FirstCall/ -- Ness
Technologies, Inc. (NASDAQ: NSTC and TASE: NSTC), a global provider
of information technology solutions and services, announced today
the signing of a contract with CEZ Distribution, a.s. to deliver a
dispatching system for its distribution network management, in a
deal worth CZK 250 million, or approximately $12.2 million. Ness won the contract in a public
tender published by CEZ Distribution, the largest power
distribution company in the Czech
Republic.
The new, single, common distribution network management system
will replace five different existing dispatching systems, so that,
if necessary, management of one region can be taken over by
another. Besides paving the way for the new Smart Grid projects,
the new system will be capable of optimizing distribution network
management, ensuring a greater degree of security and offering
opportunities for inter-regional cooperation in case of outage or
disaster. Over the next three years, a large team of experts from
Ness will work on the project.
"This project is designed to deliver and to put into operation a
new unified dispatching system, which will be the key project of
CEZ Distribution that enables us to improve our services when it
comes to the quality of energy supply to our customers," said
Pavel Filipi, director of network
management of CEZ Distribution. "Ness Czech cooperates with us on a
wide range of projects within the framework of CEZ Group and I
believe that the company will contribute significantly to the
implementation as well as the interface of their dispatching system
with other systems."
"The new contract further positions Ness as a leading provider
of services and solutions to utilities, including core systems,"
said Milan Sames, president of Ness
CEE. "Efficient power transmission and grid optimization are very
important factors in the energy supply chain and Ness is committed
to meet the challenging objectives of this large scale project for
the benefit of CEZ and the its Czech customers."
"The energy and power distribution sector has long been a
priority for Ness, placing us in a position where we can offer our
partners a huge amount of knowledge and experience," said
Mirko Kalous, managing director of
Ness Czech. "We are very pleased that this project enables us to
continue our highly successful collaboration with the CEZ Group in
the Czech Republic."
Under the contract, Ness will provide the new distribution
management system, the migration and integration of data, the
creation of interfaces to other systems run by CEZ Distribution,
a.s., and the needed hardware and software infrastructure. Another
key element is the delivery of a full-system simulator for
dispatchers. The project will be followed by a service support
agreement and, once the distribution management system is
implemented in approximately 3 years, additional projects which
extend the scope of the current contract are expected to be
started, including a System Optimization and User-Friendly
Maximization project.
About Ness Technologies
Ness Technologies (NASDAQ: NSTC and TASE: NSTC) is a global
provider of IT and business services and solutions with specialized
expertise in software product engineering; and system integration,
application development, consulting and software distribution. Ness
delivers its portfolio of solutions and services using a global
delivery model combining offshore, near-shore and local teams. With
about 7,800 employees, Ness has operations in North America, Europe, Israel and India, has customers in over 20 countries, and
partners with numerous software and hardware vendors worldwide. For
more information about Ness, visit http://www.ness.com.
About CEZ Distribution
CEZ Distribution a.s. is a licensed distributor of electricity
according to the Czech Energy Act 458/2000 Sb. and is a
distribution network operator. The company covers Plzensky,
Karlovarsky, Ustecky, Stredocesky, Liberecky, Kralovehradecky,
Pardubicky, Olomoucky, Moravskoslezsky and parts of the Zlinsky and
Vysocina regions. The mission of the company is the distribution of
electric energy to individual and/or legal entities; continuous
progress in quality and reliability of supplies to all clients;
acting as the fully functional executive administrator of the
distribution system; and optimal management of the system with
regard to the minimization of losses and failures and ensuring
maximum operational reliability. The company fulfils its business
plan and the company mission, taking advantage of rich tradition
and know-how from the former regional energy companies, supported
by the corresponding technical and personal background.
Forward Looking Statement
This press release contains forward-looking statements within
the meaning of the Private Securities Litigation Reform Act of
1995. Forward-looking statements often are preceded by words such
as "believes," "expects," "may," "anticipates," "plans," "intends,"
"assumes," "will" or similar expressions. Forward-looking
statements reflect management's current expectations, as of the
date of this press release, and involve certain risks and
uncertainties. Ness' actual results could differ materially from
those anticipated in these forward looking statements as a result
of various factors. Some of the factors that could cause future
results to materially differ from the recent results or those
projected in forward-looking statements include the "Risk Factors"
described in Ness' Annual Report of Form 10-K filed with the
Securities and Exchange Commission on March
15, 2010. Ness is under no obligation, and expressly
disclaims any obligation, to update or alter its forward-looking
statements, whether as a result of such changes, new information,
subsequent events or otherwise.
Media contact in the Czech Republic:
Stance Communications, s.r.o.
Stepan Dlouhy
Tel: +420-224-810-809
GSM: +420-725-837-673
E-mail: stepan.dlouhy@stance.cz
International Media Contact:
David Kanaan
Intl: +972-54-425-5307
Email: media.int@ness.com
Investor Relations Contact:
Drew Wright
USA: +1-201-488-3262
Email: investor@ness.com
SOURCE Ness Technologies Inc