TEL AVIV, Israel
October 9, 2012
RiT Technologies (NASDAQ: RITT)
today announced that it is in final development of the first product in its revolutionary new Indoor Wireless Optical Network (IWON) product family, positioning it for market launch during the third quarter of 2013.
Following the closing of the Technology Purchase Agreement transaction with Quartz Ltd. (approved by our shareholders on
July 24, 2012
as previously announced), RiT exclusively owns the IWON technology. Based on this cutting-edge, patent-pending technology, IWON products will enable companies to achieve their high-speed, high-bandwidth network needs via symmetrical, bi-directional optical links, eliminating the need for today's cumbersome cabling networks and switching panels. The use of IWON's robust, high-performance optical connections will slash the time and effort required to install network infrastructure while significantly enhancing network performance, flexibility and security.
Commenting on the news, Dr.
, RiT's CEO, said, "With IWON, RiT is bringing a true revolution to the cabling industry: an out-of-the-box wireless approach that will be suitable for every network, large or small, existing or new. Through the use of unique patent-pending technology, IWON will offer an unmatched combination of security, performance, flexibility, and fast deployment - all at a minimum cost that guarantees real added value to the user."
The IWON system will be suitable for both new installations and retrofit/replacement projects, in both open spaces and large conference rooms. In parallel, its utilization of multiple security layers will improve network connectivity security as compared with conventional horizontal cabling approaches.
In addition, the IWON will offer a unique IIM (Intelligent Infrastructure Management) connection, enabling the system's physical and logical network topology and devices to be automatically detected and comprehensively mapped. This capability will be further enhanced by the system's tight integration with RiT's CenterMind™, the industry's most fully-featured DCIM (Data Center Infrastructure Management) system.