SOURCE: Telvent

March 01, 2012 12:00 ET

Telvent Recognized for Smart Grid Success

Panel of Industry Experts Hails Telvent as Leader in Smart Metering Services

ROCKVILLE, MD--(Marketwire - Mar 1, 2012) - Telvent GIT, S.A., a leading real-time IT solutions and information provider for a sustainable world, announced today that it received the Smart Metering Service Provider Award at the Smart Metering UK & Europe Summit 2012.

The award recognizes Telvent's substantial contributions to utility providers, benefitting both the utilities and their customers. The award also acknowledges Telvent's demonstrated success within smart metering rollouts and positive feedback from the companies that have worked with Telvent. Telvent was chosen by a panel of impartial industry experts, representing 10 companies from across Europe, including representatives from Vattenfall and Fortum, both of which have employed Telvent's smart metering solutions.

According to Telvent's Chairman and CEO, Ignacio Gonzalez, "At Telvent we pride ourselves on providing state-of-the-art solutions for a smarter world. To receive this recognition from companies that have worked with Telvent is extremely gratifying, and it speaks to our commitment to customer satisfaction."

Telvent has been a leading service provider in Europe, particularly in the Nordic regions, since it began rollouts in 2006 with its Vattenfall Sweden project. That project, which completed its rollout in 2008, operates a network of more than 600,000 meters, consistently delivering information about billing, outages, power quality and remote customer connection, with daily meter reading collection performance of close to 100 percent. Telvent also has a 550,000 meter rollout underway with Fortum Finland and a recent deal with Fortum Norway makes Telvent the first smart metering provider to enter the Norwegian market.

Telvent's smart metering product comprises a robust standard baseline and flexible metering services layer to adapt to the requirements of each customer. 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 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. (

About Schneider Electric

As a global specialist in energy management with operations in more than 100 countries, Schneider Electric offers integrated solutions across multiple market segments, including leadership positions in Utilities & Infrastructures, Industries & Machine Manufacturers, Non-residential Buildings, Data Centres & Networks and in Residential. Focused on making energy safe, reliable, efficient, productive and green, the Group's 130,000 plus employees achieved sales of 22.4 billion euros in 2011, through an active commitment to help individuals and organizations make the most of their energy.

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