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Rit Technologies’ Advanced SMARTen(TM) Cabling Solution to be Deployed in 100 Computing Classrooms With ‘Time To Know’ Solution

June 29, 2010

TEL AVIV, Israel, June 29, 2010 /PRNewswire-FirstCall/ — RiT
Technologies Ltd. (NASDAQ: RITT) announced today that its cabling system will
be deployed together with the ‘Time To Know’ teaching platform in the network
infrastructure of computing classrooms throughout Israel. The selection was
made after RiT submitted its design for evaluation in a competitive tender.

During the first phase of the project, RiT’s state-of-the-art cabling
solution consisting of panels, patch cords, Category 6A STP cabling and
outlets, will be deployed in 10 schools in Israel. In the second stage,
hundreds of additional classrooms will be established.

“‘Time To Know’ is bringing an exciting new concept to the world of
education,” commented Avi Kovarsky, President and CEO of RiT Technologies.
“However, the success of the project depends totally upon the availability
and stability of the classroom’s computer network. Using our high quality
components, ‘Time To Know’ will be assured of maximum performance, freeing
teachers and staff to concentrate on their educational endeavors. We are
proud to be part of this breakthrough initiative.”

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 datacenters, 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 datacenters, 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.

About “Time To Know”

Time To Know aims to take K-12 education to a whole new level through a
holistic integration of an interactive core curriculum and a digital teaching
platform designed specifically for one-to-one computing classrooms. Today, 60
Time To Know classrooms have been established in the US and Israel, and
hundreds more are scheduled to be established. Today, Time To Know has 350
employees in the US and Israel, including experts in pedagogy and computer
based-learning; creative professionals in video, animation, and music;
writers, academics, and engineers.

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.

    Contact:
    Eran Ayzik
    CFO
    +972-3-645-5214
    erana@rit.co.il

SOURCE RiT Technologies Ltd


Source: newswire



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