SOURCE: Telvent

March 30, 2006 09:25 ET

Telvent to Supply Its Technology Solutions for Dagang-Jinan-Zaozhuang Oil Pipeline in China

MADRID, SPAIN -- (MARKET WIRE) -- March 30, 2006 -- Telvent GIT S.A. (NASDAQ: TLVT), the Global RealTime IT Company, announced today that it has signed a 1.7 million euro contract with the PetroChina Pipeline Company Ltd. to supply an information control and acquisition system (SCADA) for the Dagang-Jinan-Zaozhuang Oil Pipeline.

Telvent will monitor and perform the remote control activities on the 600 kilometer pipeline that runs between the Chinese cities of DaGang in the province of HeBei, Tiajin, and ZaoZhuang in the province of ShanDong.

Telvent will also supply a control center, to be located in the city of LangFang in the province of HeBei, from where all the information acquisition tasks from the DaGang-Jinan-ZaoZhuang Oil Pipeline will be performed. In addition, Telvent will supply a transportation management station, to be located in the province of ShanDong, a station control system and data acquisition terminals (RTUs).

According to Telvent's chairman and chief executive officer, Manuel Sánchez Ortega, "This new contract further strengthens our relationship with PetroChina. Our solutions will serve to control one of the most important oil pipelines in China and contribute to the ongoing development of the country's energy industry. As the modernization of China's infrastructure continues, we see great opportunities for our growth strategy in a region that already represents around 10 percent of our revenues."

Telvent has had a permanent office in Beijing since 1997 and has been developing projects in China since establishing its presence in the country more than 17 years ago. The company has signed other relevant projects with PetroChina in the Energy Industry, including the design, installation and control of the data acquisition and control system for the Alashnkou-Dushenzi oil pipeline that connects China with Kazakhstan. In addition, Telvent has supplied the control center for the Zhongxian-Wuhan gas pipeline, the SCADA system for the Lu-Wan Product oil pipeline, and the SCADA system for the Chongqing city gas pipeline.

PetroChina Pipeline Company, a subsidiary of PetroChina, is the biggest oil and gas pipeline construction and management company in China. In turn, PetroChina is one of the largest companies of the People's Republic of China in terms of sales, and it is involved in a wide range of activities related to Oil and Natural Gas, including the exploration, development and production of Oil and Natural Gas.

Telvent (NASDAQ: TLVT), the Global RealTime IT Company, specializes in high value-added solutions and services for four industries (Energy, Traffic, Transport and Environment). Its technology allows companies to make real-time business decisions using data acquisition, control, and advanced operational applications, providing safe and effective information to the companies.

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