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TheStreet Open House

RiT Announces Formation Of Its New RiT Wireless Division

Stock quotes in this article: RITT

TEL AVIV, Israel, April 25, 2013 /PRNewswire/ --

RiT Technologies (NASDAQ: RITT) today announced that it has formed the RiT Wireless Division to focus on the marketing, sales and further development of its Beamcaster products. The new division will operate in both the United States and Israel and will be led by Motti Hania, Deputy CEO of RiT Technologies Ltd.

"We are extremely excited about the potential of our game-changing new Beamcaster product family and its potential to become the future standard for indoor wireless networking," said Dr. Vadim Leiderman, RiT's President and CEO. "By separating out the Beamcaster products, we will be able to focus management attention on their launch, ongoing rollout and the continued development of the technology."

RiT Wireless's Beamcaster eliminates the trade-off between Wi-Fi's ease-of-installation and flexibility with the high-security needed in today's office environments. It brings a unique approach to open-space networking that delivers the ultra-high bandwidth of structured cabling without the related infrastructure expenses while being 100% hackproof.  

About RiT Technologies

RiT is a leading provider of intelligent infrastructure management (IIM) solutions and a developer of a new revolutionary indoor optical wireless technology solution. Our IIM products provide and enhance security and network utilization for data centers, communication rooms and work space environments. They help companies plan and provision, monitor and troubleshoot their communications networks, maximizing utilization, reliability and physical security while minimizing unplanned downtime. RiT's IIM solutions are deployed around the world, in a broad range of organizations, including: data centers, enterprises, corporations, government agencies, financial institutions, airport authorities, healthcare institutions, and education institutions. RiT's indoor optical wireless technology solution will help our clients streamline deployment, reduce infrastructure design, installation and maintenance complexity and enhance security in a cost effective way. RiT's shares are traded on the Nasdaq exchange under the symbol RITT.

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