ROCKVILLE, Md., June 29, 2010 (GLOBE NEWSWIRE) -- Telvent (Nasdaq:TLVT), the IT company for a sustainable and secure world, announced today its agreement with the Swedish utility Vattenfall Eldistribution to extend the operation of its smart metering system, Amrelva 3, until the year 2014. Telvent has successfully partnered with Vattenfall since 2006, implementing and operating a metering network of more than 600,000 smart meters. The contract further extends Telvent's position as an international leader in smart grid solutions for utilities across the world.
Vattenfall Eldistribution, Vattenfall Services and Telvent have also signed a letter of intent to work together in the operation and enhancement of the entire metering network for the next six years. The intention is to operate more than 850,000 meters in Sweden, including both industrial and residential customers through 2017.
With Telvent solutions, Vattenfall will have the capability to compile, analyze and process, in real time, an entire new set of data retrieved from the smart meter network. Vattenfall will be able, thanks to Telvent's solutions, to make decisions within an enhanced security environment that will improve efficiencies in grid operations and allow the integration of power supply from new renewable energy sources without compromising grid stability.
"We are pleased to continue our successful partnership with Vattenfall and honored that the utility continues to entrust us with the management of its metering system," said Telvent CEO Ignacio González. "As one of the most advanced utilities in the world, Vattenfall is helping to lead the way to a truly smarter and more efficient grid in Sweden and we are proud to be a part of that."
Telvent has developed and deployed advanced information management systems for the energy industry for nearly 50 years. Today, more than 500 utilities worldwide rely on Telvent technology and solutions.
About Telvent
Telvent (Nasdaq:TLVT) is a global IT solutions and business information services provider that improves the efficiency and reliability of the world's premier organizations. The company serves markets critical to the sustainability of the planet, including the energy, transportation, agriculture, and environmental sectors. (www.telvent.com)
The Telvent GIT S.A. logo is available at http://www.globenewswire.com/newsroom/prs/?pkgid=3116