ROCKVILLE, Md., Oct. 27, 2010 (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 awarded a contract by Saudi Oger Ltd, with the High Commission for the Development of Arriyadh as the end customer, to implement the Telvent SmartMobilityTM Road Suite solution on King Abdullah Road in Saudi Arabia. The city's new highway with a 6 km length and 4 tunnels, will improve traffic flow while at the same time reinforcing driver safety.
Thanks to this project, the citizens of Riyadh will enjoy improved travel times within the city, as well as a reduction in delays and standstills arising from traffic jams. The project is part of the strategic plan for the city lead by the High Commission for the Development of Arriyadh, which is contributing to a great and successful development of Saudi Arabia Kingdom capital in all economic, social, architectural and environmental aspects. Thanks to this strategic plan, the High Commission pretends to assure Riyadh's sustainable development for the upcoming 25 years.
Telvent will install its solution Telvent SmartMobilityTM Road Suite, which allows centralization of both tunnel infrastructure and traffic management providing operators with a set of effective tools to facilitate the process, while heightening safety and security at the same time. The solution will enable traffic operators to control traffic in real time and be prepared to respond quickly and effectively to any emergency situation occurring within the infrastructure. This will lead to a substantial improvement in incident response times and more efficient management of maintenance plans, which, in turn, will lead to a decrease in accident rates and an increase in users' safety.
Specifically, the following systems will be implemented and integrated: fire detection control, closed-circuit television (CCTV) surveillance, traffic data collection station, ramp metering, variable message panels, lighting, ventilation, communications network, etc.
Ignacio Gonzalez, Telvent chief executive officer, explained that the solution developed by the company, "Will assist local Riyadh authorities in their commitment to optimizing urban mobility in the interests of creating a safer and more pleasant environment for citizens, thereby improving their quality of life."
Together with the recent contract award involving the implementation of a light rail priority system in Oran, this project enables Telvent to improve and consolidate its position in the market encompassing Northern Africa and the Middle East as a leading technology provider of smart transportation systems. The company has successfully completed a variety of projects in the region of the Middle East and Northern Africa, noteworthy among which are the traffic control centers for the cities of Beirut and Rabat, as well as the recently awarded contract for executing the light rail priority system in the city of Rabat.
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. ()
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CONTACT: Telvent GIT S.A. Investor Relations Contact Barbara Zubiria +1 301 354 5432 ir@telvent.com Communication Department Contact Patricia Malo de Molina +34 954 93 71 11 comunicacion@telvent.com Bill Brozak (952) 851-1614 bbrozak@tunheim.com
