SOURCE: Telvent GIT SA

October 11, 2006 08:45 ET

Telvent Signs 22 Million Dollar Contract With Computer Sciences Corporation to Provide Traffic Management System Enhancements for State of Maryland

MADRID, SPAIN -- (MARKET WIRE) -- October 11, 2006 -- Telvent GIT S.A. (NASDAQ: TLVT), the Global RealTime IT Company, announced today that its US-based traffic business, Telvent Farradyne, has signed a 22 million dollar contract with Computer Sciences Corporation to provide enhancements to the traffic management system for the State of Maryland in the US.

Telvent Farradyne will utilize its vast experience in smart transportation systems to develop software for the Maryland State Highway Administration's Intelligent Transportation Systems, while Computer Sciences Corporation will conduct the systems integration, development testing and deployment.

Telvent Farradyne will provide technical and professional services to the Maryland State Highway Administration to enhance the existing Coordinated Highways Action Response Team (CHART) system, Maryland's award-winning advanced transportation management system. The CHART system provides real-time traffic data and traveler information such as weather reports, incident reports, delays, average vehicle speed and other variable messages. The work will include an upgrade to the current state-wide traffic management system to enable communication and information sharing with external state and regional traffic management and traveler information systems.


According to Telvent's chairman and chief executive officer, Manuel Sánchez Ortega, "We are particularly proud to have been able to help this Administration achieve its impressive record of public service continuously since 1997. We highly value our long-standing customer relationships and look forward to helping the Maryland State Highway Administration continue to innovate and improve its systems and quality of service."

Telvent Farradyne, Inc., a North American leader in Intelligent Transportation Systems, offers a powerful array of services and software related to traffic management, travel information, public transportation and electronic toll collection systems. It provides innovative solutions to complex transportation management problems based on expertise built from years of delivering successful projects and systems.

Telvent (NASDAQ: TLVT), the Global RealTime IT Company, specializes in high value added 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).

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