Telvent to Upgrade Technological Systems for Mexican Energy Company PEMEX
Posted on: Thursday, 15 June 2006, 09:01 CDT
Telvent GIT S.A. (NASDAQ: TLVT), the Global RealTime IT Company, announced today the signing of two new contracts for a total of more than 8 million euro with PEMEX, the Mexican energy company, to supply and upgrade technological systems at several of the Company's installations.
In the first project, Telvent will supply information systems to control the security systems that will increase safety of employees on PEMEX's Campeche maritime platforms, located 80 kilometers from Carmen Island in the State of Campeche. In the second project, Telvent will install gas leak detections systems at the gas leak control center of the Tamazunchale gas pipeline, in the State of San Luis Potosi. The pipeline connects PEMEX's installations in Naranjos to the Federal Electricity Commission's Tamazunchale power plant.
In both projects, Telvent will use its OASyS DNA technology, a real-time information control and acquisition system.
According to Manuel Sanchez Ortega, Telvent's chairman and chief executive officer, "We are very pleased to add these contracts to those we have already signed with PEMEX. They show, once again, the Company's confidence in Telvent's high added value solutions and further strengthen our position as integrators of real-time mission critical solutions in Latin America."
Telvent has had a permanent office in Mexico since 1990 where it has developed and implemented control and data systems for the Energy, Traffic, Transport and Environment sectors. Among the most important projects the company has executed in Mexico is the control system for PEMEX's national network of gas pipelines and the installation of the traffic light control system in Guadalajara, Mexico's second largest city.
Telvent (NASDAQ: TLVT), the Global RealTime IT Company, specializes in high value add solutions and services in four industry sectors (Energy, Traffic, Transport and Environment). Its technology allows high performing companies to make real-time business decisions using data acquisition, control, and advanced operational applications, providing secure actionable information delivery to the enterprise. (www.telvent.com).
Investor Relations Contacts: José Ignacio del Barrio Phone: +34 902-335599 Email: Contact via http://www.marketwire.com/mw/emailprcntct?id=FB8A0896E8C49042 Mark Jones Phone: +1 646 284-9414 Email: Contact via http://www.marketwire.com/mw/emailprcntct?id=AD3450954DC7E5BB
SOURCE: Telvent
Source: MARKET WIRE
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