Telvent Awarded Contract for the Maintenance and Repair of E-ZPass System
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MADRID, Spain, July 31, 2008 (PRIME NEWSWIRE) -- Telvent (Nasdaq:TLVT), the IT
company for a sustainable and secure world, announced today that it has been
awarded with the Maintenance and Repair of the Electronic Toll Registry System
for the MTA Bridges and Tunnels E-ZPass System. The contract is valued at
approximately 18.2 million euros.
The contract involves the upgrade, enhancement, and maintenance of an E-ZPass
electronic toll collection system, with electronic E-ZPass and manual collection
lanes. Telvent will implement its Remote Operations and Maintenance System
(ROMS), an operations and maintenance monitoring tool, which will improve
maintenance and operations efforts, further increasing system availability for
MTA Bridges and Tunnels E-ZPass patrons.
MTA Bridges and Tunnels (MTA B&T), the largest among the nation's bridge and
tunnel toll authorities in terms of traffic volume, serves more than a million
people daily in the New York metropolitan area. As a constituent agency of the
Metropolitan Transportation Authority (MTA), its dual role is to operate seven
bridges and two tunnels and to provide surplus toll revenues to help support
public transit. The MTA B&T E-ZPass system is comprised of a total of 206 lanes,
and over 850,000 vehicles use these facilities each day.
Telvent's Chairman and Chief Executive Officer, Manuel Sanchez, stated, "We are
delighted to expand upon our relationship with MTA Bridges and Tunnels. We look
forward to continuing to work diligently with MTA B&T to provide its patrons
with our state-of-the-art system."
This contract allows Telvent to strengthen its position in the U.S. toll market,
as a technological leader in Electronic Toll Collection Systems. The Company has
also been awarded contracts by the Central Texas Regional Mobility Authority
(CTRMA) for the maintenance services of its Open Road Tolling system and the
installation of the first E-ZPass toll collection system for the Rhode Island
Turnpike and Bridge Authority at the Newport-Pell Bridge.
About Telvent
Telvent (Nasdaq:TLVT) is a unique global company listed on the NASDAQ Stock
Exchange and a component of the CleanTech Index(tm) -the first, and only, stock
market index of leading clean technology ("cleantech") companies.
Telvent, the IT Company for a sustainable and secure world, specializes in
high-value-added products, services and integrated solutions in the Energy,
Transportation, Environmental and Public Administration industry segments, as
well as Global Services. Its innovative technology and proven experience help
ensure secure and efficient management of the operating and business processes
of the world's leading companies. (www.telvent.com)
The Telvent GIT S.A. logo is available at
http://www.primenewswire.com/newsroom/prs/?pkgid=3116
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CONTACT: Telvent GIT S.A.
Investor Relations
Barbara Zubiria
+34 902 335599
barbara.zubiria@telvent.com
The Global Consulting Group
Lucia Domville
+1 646 284 9416
ldomville@hfgcg.com
Abengoa
Communication Contact
Patricia Malo de Molina
+34 954 93 71 11
comunicacion@abengoa.com
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