ROCKVILLE, Md., May 3, 2011 (GLOBE NEWSWIRE) -- Telvent (Nasdaq:TLVT), the leading real-time IT solutions and information provider for a sustainable world, announced today that it has been selected by The City of Calgary to implement a contactless smart card based Electronic Fare Collection (EFC) system for Calgary Transit.
When the project is completed Calgary Transit will provide to over 94 million passengers per year a more convenient method to pay for fares. The new contactless EFC system will allow Calgary Transit to obtain information from the field fare collection equipment, customize fare policy, and offer more flexible methods of payment.
According to Telvent's chairman and CEO, Ignacio Gonzalez, "Telvent is excited to work with Calgary Transit to provide an electronic fare collection system that will meet their current and future needs. We are confident that as Calgary Transit upgrades to an electronic fare collection process, Telvent technology will enable Calgary Transit to optimize the customer experience, improve mobility and efficiently manage fare collection for Calgary's travelling public."
This contract enables Telvent to enhance and consolidate the company position as a technological leader in smart transportation systems. The company has successfully executed a wide range of transit management projects in Europe, North and South America and the Asia Pacific region, and assures the safe travel of more than 2.5 billion passengers worldwide.
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
About Calgary Transit
Calgary Transit provides the public transportation services for the City of Calgary. Services include fixed route buses, Light Rail, and paratransit. (http://www.calgarytransit.com/index.html )