MADRID, Spain, April 10, 2008 (PRIME NEWSWIRE) -- Telvent (Nasdaq:TLVT), the IT company for a sustainable and secure world, announced today that it will be in charge of supplying, installing and starting up its SmartToll system on three federal highways in Brazil. This project, valued at more than eight million euros, will be executed in less than a year. With this new system, Telvent will contribute daily to improving road safety for more than a million and a half automobiles.
The OHL Brasil construction company, which currently holds the most kilometers in Brazilian highway concessions, has entrusted Telvent to implement its toll collection system, which will entail the installation of 19 toll booths, three control centers (one per toll road), 348 tollways (of which 80 will be automated), as well as Telvent's SmartToll management software. Through this new contract, Telvent adds 1,200 kilometers to the 3,500 kilometers already under the Company's management in Brazil.
Jose Montoya, Executive Vice-President of Telvent's Transportation division, has expressed his satisfaction with the contract award: "We appreciate the trust that OHL Brasil has on Telvent. We hope to be able to continue collaborating in future projects. By obtaining this new contract in Brazil we reinforced our growth prospects in the country and we contribute to improve the security of its roads."
Toll control systems will be installed in the Fluminense highway, connecting Rio de Janeiro to Vitoria, the Fernao Diaz highway, connecting Sao Paulo to Belo Horizonte, and the Regis Bittencourt highway, connecting Sao Paulo to Curitiba.
Telvent carries out numerous projects in Brazil, among which the following stand out: highway management, ticketing systems, the UTC development and maintenance in Rio de Janeiro, Sao Paulo and Belo Horizonte, as well as the control system for the storage terminal in Suape, and the SCADA water distribution management system for the water utility in Belo Horizonte.
About Telvent
Telvent (Nasdaq:TLVT), 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)
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About OHL Brasil
OHL Brasil S.A. is the second largest company in the Brazilian highway concession sector, in terms of gross collection and number of kilometers managed, totaling 1,147. Through its four concessionaires, and as of March 31, 2006, OHL Brasil operates 11.6 percent of the total number of highway kilometers under concession in Brazil, and manages 10.9 percent of total gross collection. The highway network handled by OHL Brasil is located in the state of Sao Paulo, which represents approximately 22 percent of the population of Brazil, and generates approximately 35 percent of the country's GDP. Currently OHL Brasil owns 100% of the share capital of the following highway concessionaires: Autovias, Centrovias, Intervias and Vianorte. (www.ohl.es)