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Ness Technologies to Provide and Implement Maintenance Management System at Mekorot, Israel's National Water Company
TEL AVIV, Israel, March 16, 2010-- Ness Technologies, Inc. (NASDAQ: NSTC and TASE: NSTC), a global provider
of IT services and solutions, announced today that it has recently been
awarded a contract from Mekorot, Israel's national water company, to provide
Mekorot's maintenance management system. The contract includes implementation
and deployment for an 18-month period, as well as an option for system
maintenance following implementation. The project is valued at multi-millions
of dollars.
Based on the SAP maintenance module, the system will manage preventive,
corrective and planned maintenance activities of the water supply system.
The maintenance of the water supply system will be managed according to
Mekorot's annual work plan, budget and pre-planned, frequency-based schedule.
The system will also enable resource management, maintenance activity
analysis, and connection with technicians using mobile devices. This will be
achieved by interfacing the maintenance system to Mekorot's existing
information systems.
Mekorot's water supply system comprises more than 800 pumping stations,
over 1,200 wells, about 2,400 pumps, over 10,500 kilometers of large-diameter
pipes, 750 concrete and steel reservoirs, 90 large earth reservoirs and
related equipment. Mekorot supplies 80% of Israel's drinking water and 70% of
its entire water supply.
"The new system will considerably streamline the maintenance of Mekorot's
facilities and equipment, which has a critical impact on safe and reliable
water supply," said Rafi Ifargan, Vice President of Engineering and
Technology, Mekorot. "Mekorot is one of the world's most technologically
advanced water companies. The new system is part of the company's strategy to
ensure the reliability of water quality and supply. We selected Ness
Technologies because of its very impressive reputation in implementing SAP
systems and because of its ability to get the job done quickly and
correctly."
"Mekorot's decision to choose Ness Technologies reflects our know-how and
experience in SAP systems implementation and support," said Effi Kotek,
President of Ness Israel. "The new system is another milestone in our
long-standing partnership with utilities in Israel and other countries. Ness
helps utilities adopt state-of-the-art solutions to ensure high efficiency
and continuous reliable service, and manage key issues."
About Ness Technologies
Ness Technologies (NASDAQ: NSTC and TASE: NSTC) is a global provider of
IT and business services and solutions with specialized expertise in software
product engineering; system integration, application development and
consulting; and software distribution. Ness delivers its portfolio of
solutions and services using a global delivery model combining offshore,
near-shore and local teams. With about 7,800 employees, Ness maintains
operations in 18 countries, and partners with numerous software and hardware
vendors worldwide. For more information about Ness Technologies, visit
http://www.ness.com.
Forward Looking Statement
This press release contains forward-looking statements within the meaning
of the Private Securities Litigation Reform Act of 1995. Forward-looking
statements often are preceded by words such as "believes," "expects," "may,"
"anticipates," "plans," "intends," "assumes," "will" or similar expressions.
Forward-looking statements reflect management's current expectations, as of
the date of this press release, and involve certain risks and uncertainties.
Ness' actual results could differ materially from those anticipated in these
forward looking statements as a result of various factors. Some of the
factors that could cause future results to materially differ from the recent
results or those projected in forward-looking statements include the "Risk
Factors" described in Ness' Annual Report of Form 10-K filed with the
Securities and Exchange Commission on March 15, 2010. Ness is under no
obligation, and expressly disclaims any obligation, to update or alter its
forward-looking statements, whether as a result of such changes, new
information, subsequent events or otherwise.
Media Contact:
David Kanaan
Intl: +972-54-425-5307
Email: media.int@ness.com
Investor Relations Contact:
Drew Wright
USA: +1-201-488-3262
Email: investor@ness.com
Source: Ness Technologies Inc
Media Contact: David Kanaan, Intl: +972-54-425-5307, Email: media.int@ness.com; Investor Relations Contact: Drew Wright, USA: +1-201-488-3262, Email: investor@ness.com
Ness Technologies to Provide and Implement Maintenance Management System at Mekorot, Israel's National Water Company
TEL AVIV, Israel, March 16, 2010-- Ness Technologies, Inc. (NASDAQ: NSTC and TASE: NSTC), a global provider
of IT services and solutions, announced today that it has recently been
awarded a contract from Mekorot, Israel's national water company, to provide
Mekorot's maintenance management system. The contract includes implementation
and deployment for an 18-month period, as well as an option for system
maintenance following implementation. The project is valued at multi-millions
of dollars.
Based on the SAP maintenance module, the system will manage preventive,
corrective and planned maintenance activities of the water supply system.
The maintenance of the water supply system will be managed according to
Mekorot's annual work plan, budget and pre-planned, frequency-based schedule.
The system will also enable resource management, maintenance activity
analysis, and connection with technicians using mobile devices. This will be
achieved by interfacing the maintenance system to Mekorot's existing
information systems.
Mekorot's water supply system comprises more than 800 pumping stations,
over 1,200 wells, about 2,400 pumps, over 10,500 kilometers of large-diameter
pipes, 750 concrete and steel reservoirs, 90 large earth reservoirs and
related equipment. Mekorot supplies 80% of Israel's drinking water and 70% of
its entire water supply.
"The new system will considerably streamline the maintenance of Mekorot's
facilities and equipment, which has a critical impact on safe and reliable
water supply," said Rafi Ifargan, Vice President of Engineering and
Technology, Mekorot. "Mekorot is one of the world's most technologically
advanced water companies. The new system is part of the company's strategy to
ensure the reliability of water quality and supply. We selected Ness
Technologies because of its very impressive reputation in implementing SAP
systems and because of its ability to get the job done quickly and
correctly."
"Mekorot's decision to choose Ness Technologies reflects our know-how and
experience in SAP systems implementation and support," said Effi Kotek,
President of Ness Israel. "The new system is another milestone in our
long-standing partnership with utilities in Israel and other countries. Ness
helps utilities adopt state-of-the-art solutions to ensure high efficiency
and continuous reliable service, and manage key issues."
About Ness Technologies
Ness Technologies (NASDAQ: NSTC and TASE: NSTC) is a global provider of
IT and business services and solutions with specialized expertise in software
product engineering; system integration, application development and
consulting; and software distribution. Ness delivers its portfolio of
solutions and services using a global delivery model combining offshore,
near-shore and local teams. With about 7,800 employees, Ness maintains
operations in 18 countries, and partners with numerous software and hardware
vendors worldwide. For more information about Ness Technologies, visit
http://www.ness.com.
Forward Looking Statement
This press release contains forward-looking statements within the meaning
of the Private Securities Litigation Reform Act of 1995. Forward-looking
statements often are preceded by words such as "believes," "expects," "may,"
"anticipates," "plans," "intends," "assumes," "will" or similar expressions.
Forward-looking statements reflect management's current expectations, as of
the date of this press release, and involve certain risks and uncertainties.
Ness' actual results could differ materially from those anticipated in these
forward looking statements as a result of various factors. Some of the
factors that could cause future results to materially differ from the recent
results or those projected in forward-looking statements include the "Risk
Factors" described in Ness' Annual Report of Form 10-K filed with the
Securities and Exchange Commission on March 15, 2010. Ness is under no
obligation, and expressly disclaims any obligation, to update or alter its
forward-looking statements, whether as a result of such changes, new
information, subsequent events or otherwise.
Media Contact:
David Kanaan
Intl: +972-54-425-5307
Email: media.int@ness.com
Investor Relations Contact:
Drew Wright
USA: +1-201-488-3262
Email: investor@ness.com
Source: Ness Technologies Inc
Media Contact: David Kanaan, Intl: +972-54-425-5307, Email: media.int@ness.com; Investor Relations Contact: Drew Wright, USA: +1-201-488-3262, Email: investor@ness.com