Ness Signs $12 Million Dispatching System for Distribution Network Management at CEZ

PRAGUE, July 28, 2010 /PRNewswire-FirstCall/ -- Ness Technologies, Inc. (NASDAQ: NSTC and TASE: NSTC), a global provider of information technology solutions and services, announced today the signing of a contract with CEZ Distribution, a.s. to deliver a dispatching system for its distribution network management, in a deal worth CZK 250 million, or approximately $12.2 million. Ness won the contract in a public tender published by CEZ Distribution, the largest power distribution company in the Czech Republic.

The new, single, common distribution network management system will replace five different existing dispatching systems, so that, if necessary, management of one region can be taken over by another. Besides paving the way for the new Smart Grid projects, the new system will be capable of optimizing distribution network management, ensuring a greater degree of security and offering opportunities for inter-regional cooperation in case of outage or disaster. Over the next three years, a large team of experts from Ness will work on the project.

"This project is designed to deliver and to put into operation a new unified dispatching system, which will be the key project of CEZ Distribution that enables us to improve our services when it comes to the quality of energy supply to our customers," said Pavel Filipi, director of network management of CEZ Distribution. "Ness Czech cooperates with us on a wide range of projects within the framework of CEZ Group and I believe that the company will contribute significantly to the implementation as well as the interface of their dispatching system with other systems."

"The new contract further positions Ness as a leading provider of services and solutions to utilities, including core systems," said Milan Sames, president of Ness CEE. "Efficient power transmission and grid optimization are very important factors in the energy supply chain and Ness is committed to meet the challenging objectives of this large scale project for the benefit of CEZ and the its Czech customers."

"The energy and power distribution sector has long been a priority for Ness, placing us in a position where we can offer our partners a huge amount of knowledge and experience," said Mirko Kalous, managing director of Ness Czech. "We are very pleased that this project enables us to continue our highly successful collaboration with the CEZ Group in the Czech Republic."

Under the contract, Ness will provide the new distribution management system, the migration and integration of data, the creation of interfaces to other systems run by CEZ Distribution, a.s., and the needed hardware and software infrastructure. Another key element is the delivery of a full-system simulator for dispatchers. The project will be followed by a service support agreement and, once the distribution management system is implemented in approximately 3 years, additional projects which extend the scope of the current contract are expected to be started, including a System Optimization and User-Friendly Maximization project.

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; and system integration, application development, 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 has operations in North America, Europe, Israel and India, has customers in over 20 countries, and partners with numerous software and hardware vendors worldwide. For more information about Ness, visit http://www.ness.com.

About CEZ Distribution

CEZ Distribution a.s. is a licensed distributor of electricity according to the Czech Energy Act 458/2000 Sb. and is a distribution network operator. The company covers Plzensky, Karlovarsky, Ustecky, Stredocesky, Liberecky, Kralovehradecky, Pardubicky, Olomoucky, Moravskoslezsky and parts of the Zlinsky and Vysocina regions. The mission of the company is the distribution of electric energy to individual and/or legal entities; continuous progress in quality and reliability of supplies to all clients; acting as the fully functional executive administrator of the distribution system; and optimal management of the system with regard to the minimization of losses and failures and ensuring maximum operational reliability. The company fulfils its business plan and the company mission, taking advantage of rich tradition and know-how from the former regional energy companies, supported by the corresponding technical and personal background.

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 in the Czech Republic:
    Stance Communications, s.r.o.
    Stepan Dlouhy
    Tel: +420-224-810-809
    GSM: +420-725-837-673
    E-mail: [email protected]

    International Media Contact:
    David Kanaan
    Intl: +972-54-425-5307
    Email: [email protected]

    Investor Relations Contact:
    Drew Wright
    USA: +1-201-488-3262
    Email: [email protected]

SOURCE Ness Technologies Inc

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