LoJack Corporation Selects ViryaNet Service Hub

    SOUTHBOROUGH, Mass.--Oct. 9, 2002--ViryaNet , a provider of integrated mobile and Web-based software applications for workforce management and the automation of field service delivery, today announced that LoJack Corporation, a recognized world leader in stolen vehicle tracking and recovery, has licensed ViryaNet Service Hub.
    Under the terms of the contract, LoJack will license ViryaNet's Service Hub, Mobile Workforce Management, Service Scheduler, and eContract applications to streamline the installation of its recovery systems, and support its rapidly expanding sales and installation channel strategy.
    ViryaNet Service Hub and applications will optimize LoJack's 300 field technicians and 100 support staff, who manage the functions of appointment booking, dispatch, and scheduling. ViryaNet Service Hub also will integrate with LoJack's primary in-house order-entry system.
    "LoJack views ViryaNet Service Hub as the future centerpiece of its service operations," said Bob Lem, VP of Information Technology, LoJack Corporation. "We looked at many vendors, and saw that ViryaNet possessed the best solution to meet our needs from the perspective of functionality, architecture, and personnel with deep expertise in the service business. We are also considering the use of ViryaNet's self-service and portal capabilities to automate our order-entry function."
    Using ViryaNet Service Hub, LoJack will improve its ability to schedule and dispatch its field technicians to the right place at the right time with the right information. ViryaNet Service Hub will also monitor, report, and measure field activity; and unite the many constituents of LoJack's service community through Web browsers, cellular telephones, personal digital assistants, and other wireless devices.
    ViryaNet Service Hub creates an environment in which service organizations, together with their customers, partners, vendors, and suppliers, collaborate in real-time to conduct work and share information. ViryaNet Service Hub includes an information portal that provides community access and collaboration; business intelligence for proactive reporting, analysis and action; automated workflow; contact management; and service delivery integration.
    "LoJack understands that the key to competitive advantage begins with service excellence," stated Win Burke, president and CEO, ViryaNet. "We are proud to help this fine company improve its operational performance, provide unrivaled levels of service, and achieve aggressive growth."
    "ViryaNet's partner network continues to increase ViryaNet's market opportunities and presence," stated Jack McAvoy, vice president of marketing. "We are particularly pleased that this opportunity was initiated and concluded through our partnership channels."

    About LoJack

    LoJack Corporation is recognized as the world leader in stolen vehicle tracking and recovery. LoJack's radio frequency based system -- the most successful tracking technology available today -- is utilized by federal, state, and local law enforcement agencies throughout the United States. On a global scale, LoJack technology is in use in more than 20 countries throughout Latin America, Europe, Africa, Asia, and the Western Hemisphere.
    LoJack is the trusted stolen vehicle recovery solution for more than 2.4 million consumers worldwide. In the United States alone, LoJack is responsible for the recovery of over 50,000 vehicles worth nearly $1 billion in value. Internationally, LoJack technology has led to the recovery of another 50,000 vehicles worth more than $1 billion. LoJack's technology not only assists police with stolen vehicle recovery, but it has contributed to the breakup, arrest and conviction of hundreds of organized theft rings in the United States. LoJack technology is proven successful with a consistently high 90% recovery rate since the product was introduced to consumers in 1986.

    About ViryaNet

    ViryaNet is a provider of software applications that improve the quality and efficiency of an organization's service operations. ViryaNet's flagship product -- the award-winning ViryaNet Service Hub -- combines the power of the Internet, the freedom of wireless technologies, and the resources of ViryaNet's deep service expertise to help companies improve workforce scheduling, dispatching, and activity reporting; customer contract and entitlement automation; and asset, logistics and repairs management.
    Customers in the telecommunications, utility, high-technology manufacturing, grocery and retail, insurance, HVAC, and other industries use ViryaNet Service Hub to transition complex service business processes into a manageable, scalable Internet operation, with the goal of increasing service revenues, decreasing service costs, and maximizing customer satisfaction.

    Safe Harbor Statement

    Safe Harbor Statement under the Private Securities Litigation Reform Act of 1995: The statements contained in this press release that are not purely historical are forward-looking statements within the meaning of Section 21E of the Securities and Exchange Act of 1934, as amended, including statements regarding ViryaNet's expectations, beliefs, intentions, or strategies regarding the capabilities of its products, its relationships with its customers, and its customer purchases. All forward-looking statements included in this document are based upon information available to ViryaNet Ltd. as of the date hereof, and ViryaNet Ltd. assumes no obligation to update any such forward-looking statements. Forward-looking statements involve risks and uncertainties, which could cause actual results to differ materially from those projected. These and other risks relating to ViryaNet's business include market acceptance of and demand for the Company's products, risks associated with a slow-down in the economy, risks associated with the financial condition of the company's customers, risks associated with competition and competitive pricing pressures, risks associated with increases in costs and operating expenses, risks in technology development and commercialization, the risk of operating losses, risks in product development, risks associated with international sales, and other risks that are set forth in ViryaNet's Form F-1, as amended, declared effective by the SEC on September 19, 2000, and the other reports filed from time to time with the Securities and Exchange Commission. You should not place undue reliance on these forward-looking statements, which speak only as the date hereof. ViryaNet disclaims any obligation to publicly update or revise any such forward-looking statements to reflect any change in our expectations or in events, conditions, or circumstances on which any such statements may be based, or that may affect the likelihood that actual results will differ from those set forth in the forward-looking statements.