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RiT Technologies Secures More Than $1.75 Million In Orders From Brazilian Partner Furukawa Industrial S.A. (FISA)

Stocks in this article: RITT

TEL AVIV, Israel, Dec. 2, 2013 /PRNewswire/ --  RiT Technologies Ltd. (NASDAQ CM: RITT), the leader in intelligent infrastructure management, today announced that orders placed by Furukawa Industrial, S.A. (FISA), RiT's OEM partner for Brazil and other Latin American countries, exceeded US $1.75 million in 2013.

FISA, a manufacturer of structured cabling solutions and optical fiber networks and a subsidiary of Japan's Furukawa Group, is Latin America's leading network infrastructure company with a significant market share of the Brazilian, Argentinian and Chilian structured cabling industries.

"Intelligent infrastructure is critical for todays 'smart buildings', and RiT offers optimal IIM solutions," commented Jose Alcantara, FISA's Planning and New Businesses Manager.  "By integrating RiT's IIM and DCIM into our product offering, we provide our customers with new capabilities that improve the management of IT network infrastructure. This in turn translates directly into higher network efficiency and reduction in costs - two key advantages that help us close deals.  Based on our success in 2013, we have a goal to further increase order quantities in 2014."

FISA deploys RiT's industry-leading IIM (Intelligent Infrastructure Management) and DCIM (Data Center Infrastructure Management) solutions for a broad range of commercial and government infrastructure projects. The RiT technologies speed up project installations, optimize operations and enhance efficiency of HVAC, energy and access systems.

Dr. Vadim Leiderman, RiT's President and CEO, adds: "We are excited that FISA, Latin America's leading structured cabling firm, has become a 'champion' of the intelligent infrastructure concept pioneered by RiT.  As Brazil prepares for the 2014 World Cup and 2015 Olympic games, we expect the building boom to continue which should position us well for continued growth."

"Our success with FISA demonstrates the momentum RiT is developed as a provider of state-of-the-art infrastructure management systems. We focus on partnering with leading structured cabling vendors such as FISA, which have potential to promote our business offerings, including the PatchView+ interconnected solution and our CenterMind DCIM software."

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