Ness Technologies to Provide and Implement Maintenance Management System at Mekorot, Israel's National Water Company
TEL AVIV, Israel, March 16, 2010 /PRNewswire-FirstCall/ -- 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: [email protected] Investor Relations Contact: Drew Wright USA: +1-201-488-3262 Email: [email protected]
SOURCE Ness Technologies Inc
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