MADRID, March 10, 2008 (PRIME NEWSWIRE) -- Telvent (Nasdaq:TLVT), the IT company for a sustainable and secure world, proudly announces that it has become a member of the GridWise(tm) Alliance, a consortium that aligns the U.S. Department of Energy and various public and private sector stakeholders with the common goal of developing and implementing a safer, more reliable and affordable electric power delivery system.
Presently, the GridWise(tm) Alliance (www.gridwise.org) has over 50 members representing utilities, IT companies, equipment vendors, and new technology providers, such as CenterPoint Energy, Duke Energy, Itron, Kema, PSEG and Sempra Energy Utilities, among others. This innovative alliance provides a forum for the development and evaluation of new technologies and business models, as well as an opportunity for industry interaction among senior policy makers at both the federal and state levels leading to the implementation of solutions that meet the alliance's goals.
"Telvent is looking forward to working with members of the GridWise(tm) Alliance to realize the vision of an optimized electricity grid, which is driven by the full integration of operational and enterprise information and by leveraging the most advanced technology to measure, control and improve operations. We have been achieving significant milestones in this area, and we strongly believe that the utility of the future will be able to deliver new value to their customers and shareholders. These utilities will be enabled to make business and operational decisions in real time, that will not only benefit their stakeholders, but will also significantly contribute to the sustainability of our planet," said Manuel Sanchez, Telvent's Chairman and Chief Executive Officer. "Further, this represents a substantial opportunity to share knowledge with the market leaders of the alliance and to continue to develop the most promising technologies that improve energy efficiency."
Telvent offers its own Smart Grid Solution (SGS) Suite which provides the integration of the best proven technologies, can be delivered today, and immediately help meet the GridWise(tm) Alliance goals. The SGS Suite combines Smart Metering -- AMI software and industry-leading meters, Smart Operations -- advanced applications for the management of assets, operations, and work processes, and Smart Network -- secure infrastructure combined with substation automation. The solution suite is helping utilities today to make energy distribution more efficient, economical, reliable, and secure.
About Telvent
Telvent (Nasdaq:TLVT), the IT company for a sustainable and secure world, specializes in high value-added products, services and integrated solutions for the Energy, Transportation, Environment and Public Administration industry segments, as well as Global Services. Its innovative technology and client-proven expertise enable the efficient and secure real-time management of operational and business processes for industry-leading companies worldwide. (www.telvent.com)
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