News Column

RiT Technologies Reports Results of Annual Meeting of Shareholders

June 25, 2014



TEL AVIV, Israel, June 25, 2014 (GLOBE NEWSWIRE) -- RiT Technologies (Nasdaq:RITT) (the "Company"), today announced that at its Annual General Meeting of Shareholders held today, June 25, 2014, all of the items on the agenda were approved by the Company's shareholders.

These items were: (1) the election of three directors: Mr. Sergey Anisimov, Mr. Boris Granovsky and Mr. Hanan Samet, to the Board of Directors of the Company; (2) the reappointment of its independent auditor, KPMG; (3) approval of the terms of compensation of the Company's Chief Executive Officer, Motti Hania; (4) approval of the severance terms of its previous Chief Executive Officer; and (5) approval of the nomination and terms of compensation of its new VP Operations, an employee who is related to the Company's controlling shareholder.

About RiT Technologies

RiT is a leading provider of intelligent infrastructure management (IIM) solutions and a developer of a new revolutionary indoor optical wireless technology solution. Our IIM products provide and enhance security and network utilization for data centers, communication rooms and work space environments. They help companies plan and provision, monitor and troubleshoot their communications networks, maximizing utilization, reliability and physical security while minimizing unplanned downtime. RiT's IIM solutions are deployed around the world, in a broad range of organizations, including: data centers, enterprises, corporations, government agencies, financial institutions, airport authorities, healthcare institutions, and education institutions. RiT's indoor optical wireless technology solution will help our clients streamline deployment, reduce infrastructure design, installation and maintenance complexity and enhance security in a cost effective way. RiT's shares are traded on the Nasdaq exchange under the symbol RITT.

For more information, please visit our website: www.rittech.com.

CONTACT: COMPANY CONTACT: Elan Yaish, CFO +972-77-270-7210 elan.yaish@rittech.com

Source: RiT Technologies


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Source: GlobeNewswire


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