ViryaNet Solution Selected by a Leading Gas & Electric Utility in Central and Eastern Europe

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Globema, a GE Implementation Partner, to Deploy Solution for Utility’s 1,500+ Field Teams

WESTBOROUGH, MA, February 6, 2014 - ViryaNet Limited (OTC QB:VRYAF), a leading provider of software solutions that optimize and allow for the continuous improvement of service processes for mobile workforces, announced today that its solution has been selected by a leading gas & electric utility in Central and Eastern Europe.

ViryaNet’s solution will be utilized by more than 1,500 field teams who serve 2.9 million customers. With ViryaNet’s solution, utilities can handle both complex, multi-day work orders, as well as high-volume service requirements.

The competitive bid was won through GE Energy and Globema, a GE reseller and implementation partner. Globema is responsible for the implementation and configuration of the ViryaNet solution and the integration with the utility’s IT environment.

In 2013, Globema and other GE partners closed multiple deals in Europe, demonstrating the robust demand for the ViryaNet solution in the marketplace.

“Typically, utilities have the need for a sophisticated mobile workforce management solution like ours,” said Memy Ish-Shalom, President and CEO, ViryaNet, “With GE Energy and Globema, we have a strong partnership that can successfully deliver ViryaNet’s solution to meet the complex needs of utilities.”

 

About Globema


Globema develops and implements innovative, industry-specific, geospatial resources management systems for various network operators and companies running works in the field. Globema’s solutions are based on worldwide leading technologies and platform products, and provide functionalities for network inventory, planning and design, operations support, outage handling, geospatial data processing, mobile workforce management and more. Globema is a leader in the Central & Eastern European geospatial software market and has developed strong, long-term relations with the considerable number of business customers in Europe and abroad. In the CEE & EMEA marketplace, Globema acts as VAR and business partner of several software vendors, including GE Energy and Google. Globema has already conducted several Field Force Automation (FFA) implementation projects in Europe. The company is headquartered in Warsaw, Poland, with branch offices in Czech Republic, Romania and United States More information on www.globema.com

About GE


Headquartered in Atlanta, GA, US, GE Energy is a leading supplier of power generation and energy delivery technologies. With regional operations throughout the world, our more than 90,000 global employees serve the energy sector by developing and deploying technology that makes efficient use of natural resources. Comprised of GE Power & Water, GE Energy Management, and GE Oil & Gas, GE Energy’s business units work together to provide integrated products, services, and solutions in all areas of the energy industry. GE Energy is at work connecting people and ideas everywhere to create advanced technologies that power a cleaner, more productive world.

About ViryaNet


ViryaNet delivers mobile workforce management solutions that intelligently guide, automate, and optimize both simple and complex field service work, resulting in measurable business benefits. ViryaNet's products, pre-packaged solutions and people are recognized within the industry as innovative which in turn enables its' customers to be viewed as leaders within their respective industries. ViryaNet's G4 products specialize in the functions of scheduling and dispatching resources and enabling mobile field communication and are delivered in industry specific configurations. Embedding industry best practices and utilizing innovative technologies like ViryaNet's BPM Blueprint for Mobile Workforce Management™, Microsoft InfoPath® and device agnostic mobile solutions enable ViryaNet's products to be rapidly deployed and extended to support virtually any business process across a wide range of industries. ViryaNet is proud to call many of the world's leading utilities, the United States' largest pure rural telecommunications firm, the supermarkets' most respected retailer, and North America's largest auto insurer as customers. ViryaNet has strong partnerships with leading platform and system integration companies that enable it to have a global presence. Headquartered in Westborough, MA, ViryaNet has additional offices in the United States and Israel. For more information visit our website or .

Safe Harbor Statement


Safe Harbor Statement under the Private Securities Litigation Reform Act of 1995: The statements contained in this press release that are not purely historical are forward-looking statements within the meaning of Section 21E of the Securities Exchange Act of 1934, as amended, including statements regarding ViryaNet's expectations, beliefs, intentions, or strategies regarding the capabilities of its products, its relationships with its customers, its customer purchases, its future operational plans and objectives including integration of other businesses, its future business prospects, its future financial performance, its future cash position, and its future prospects for profitability. All forward-looking statements included in this document are based upon information available to ViryaNet as of the date hereof, and ViryaNet assumes no obligation to update any such forward-looking statements. Forward-looking statements involve risks and uncertainties, which could cause actual results to differ materially from those projected. These and other risks relating to ViryaNet's business include market acceptance of and demand for ViryaNet's products, risks associated with a slow-down in the economy, risks associated with the financial condition of ViryaNet's customers, risks associated with competition and competitive pricing pressures, risks associated with increases in costs and operating expenses, risks in technology development and commercialization, the risk of operating losses, risks in product development, risks associated with international sales, and other risks that are set forth in ViryaNet's annual report on Form 20-F, filed on April 29, 2013, and the other reports filed by ViryaNet from time to time, with the Securities and Exchange Commission. Reported results should not be considered an indication of future performance. You should not place undue reliance on these forward-looking statements, which speak only as the date hereof. ViryaNet disclaims any obligation to publicly update or revise any such forward-looking statements to reflect any change in its expectations or in events, conditions, or circumstances on which any such statements may be based, or that may affect the likelihood that actual results will differ from those set forth in the forward-looking statements.

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Press Contact:

Dolores Fallon

ViryaNet, Ltd

508-490-8600, ext 5917

Dolores.Fallon@viryanet.com

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