SOURCE: Telvent GIT S.A.

August 29, 2006 08:30 ET

Telvent Signs Traffic Contracts in the US for 16 Million Dollars

MADRID, SPAIN -- (MARKET WIRE) -- August 29, 2006 -- Telvent GIT S.A. (NASDAQ: TLVT), the Global RealTime IT Company, announced today that its U.S.-based traffic business, Telvent Farradyne, has signed several contracts totaling almost $16 million to provide advanced traffic management operations and maintenance services.

Telvent Farradyne signed a $12 million contract with the Virginia Department of Transportation to provide operations personnel, services and expertise for its Smart Traffic Center in the congested Northern Virginia region over a five-year period. Training and performance measurement of the professionals are important aspects of this project.

The Company also signed a $4 million contract with the Missouri Department of Transportation to provide operational support for its Gateway Guide traffic management system in St. Louis, Missouri. Telvent Farradyne will provide system operators and the operations supervisor for up to four years, as well as on-going training on incident management techniques, new standard operating procedures and enhanced Traffic Management Center operational techniques.

According to Manuel Sánchez Ortega, Telvent's chairman and chief executive officer, "We are very pleased to be able to help these clients better serve the public by effectively operating and maintaining their traffic management systems. Telvent Farradyne is allowing us to accelerate our strategic plan of substantially expanding our world-wide traffic and transportation business and capitalize on identified growth opportunities."

Telvent Farradyne is now providing operations and maintenance services in Albany, New York; Atlanta, Georgia; Baton Rouge, Louisiana; Kansas City, Missouri and Kansas; Nashville, Tennessee; New York City; Northern Virginia; San Francisco Bay Area, California; St. Louis, Missouri; and West Palm Beach, Florida.

Telvent Farradyne Inc. is a North American leader in Intelligent Transportation Systems (ITS). A member of the Telvent corporate family, Telvent Farradyne offers a powerful array of services and software products, extending from conceptual planning and consulting to design, system development and integration, and system operations and maintenance. Telvent Farradyne provides system solutions for electronic toll and pricing, freeway management, parking management, traffic enforcement, traffic signal, transit fare payment, traveler information, and tunnel control system applications. (www.telvent-farradyne.com).

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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