updated 3/23/2011 9:16:47 AM ET 2011-03-23T13:16:47

ROCKVILLE, Md., March 23, 2011 (GLOBE NEWSWIRE) -- Telvent (Nasdaq:TLVT), the leading real-time IT solutions and information provider for a sustainable world, announced today that the company has been selected by Sacyr Concesiones to implement Telvent's global management platform on the Las Pedrizas Highway, in Malaga. The platform will centralize the management of traffic control and safety of tunnels and toll system.

Construction of the Las Pedrizas Highway is aimed at relieving traffic congestion on the Malaga Highway at city access points and achieving an estimated 34% reduction in current average intensity on the A-45, which is traveled over by more than 50,000 vehicles per day. The highway being constructed by the Sacyr Group will also enable a substantial reduction in travel time between the cities of Malaga and Cordoba.

The solution to be implemented by Telvent, based on the company's control and data acquisition system (OASyS SCADA), will centralize toll and tunnel control systems, as well as traffic, surveillance, security and control and installation maintenance operations, providing this customer with a unified tool to facilitate infrastructure management, increase security, and ensure efficiency in toll operations.

With Telvent SmartMobility Road Suite, operators will have real time information of what happens inside the two tunnels and on the highway, enabling them to respond quickly and effectively to any emergency. The platform will also provide drivers with real-time information on highway conditions, alerting them to accidents, traffic jams, and adverse weather conditions, thereby reinforcing user road safety. Finally, the solution will enhance the efficiency and accuracy of toll operations, reducing travel times and minimizing drivers' inconvenience.

"We are pleased to have the opportunity to work with Sacyr Concesiones on the project involving the new Las Pedrizas Highway, which will lead to better traffic flow management in the region," stated Ignacio Gonzalez, Telvent's chairman and CEO. "Thanks to the implementation of the Telvent SmartMobility™ Road Suite, Sacyr Concesiones will gain assurance of the dependability and effectiveness of their operational management, while at the same time reinforcing infrastructure security and user safety."

Telvent's extensive expertise and experience in critical infrastructure management systems underscore the company's position as a technological leader in smart transportation systems. Telvent was recently awarded a contract for implementing the tunnel control system for the new beltway in Sao Paulo, in Brazil, and is currently developing the control systems for the Despenaperros tunnels in Jaen. The company was also awarded a variety of toll-related contracts in the United States, including the following: implementation of a Free Flow system on the SR 520 Bridge in Seattle, Washington, and the expansion of the Pocahontas Parkway 895 electronic toll management system in Virginia.

About Telvent

Telvent (Nasdaq:TLVT) is a global IT solutions and business information services provider dedicated to helping improve efficiency, safety and security for the world's leading companies. Telvent serves markets that are critical to the sustainability of the planet, including the energy, transportation, agricultural and environmental sectors. ( www.telvent.com ).

The Telvent GIT S.A. logo is available at http://www.globenewswire.com/newsroom/prs/?pkgid=6852

CONTACT: Investor Relations Contact
         Manuel Fernandez Maza
         Tel. +1 301 354 5432
         Email: ir@telvent.com
         
         Communication Department Contact
         Patricia Malo de Molina
         Tel. +34 954 93 71 11
         Email: comunicacion@telvent.com

© Copyright 2012, GlobeNewswire, Inc. All Rights Reserved

Discuss:

Discussion comments

,

Most active discussions

  1. votes comments
  2. votes comments
  3. votes comments
  4. votes comments

Data: Latest rates in the US

Home equity rates View rates in your area
Home equity type Today +/- Chart
$30K HELOC FICO 5.04%
$30K home equity loan FICO 5.23%
$75K home equity loan FICO 4.66%
Credit card rates View more rates
Card type Today +/- Last Week
Low Interest Cards 13.28%
13.27%
Cash Back Cards 17.74%
17.72%
Rewards Cards 17.01%
16.98%
Source: Bankrate.com