Telvent Announces Strategic Partnership with Peek
Traffic Corporation for North America
Their combined capabilities will allow traffic operators to
increase safety, reduce traffic congestion and streamline
operations
January 13, 2010 - Telvent (NASDAQ: TLVT), the leading
real-time IT solutions and information provider for a sustainable
world, announced today a new working relationship with Peek Traffic
Corporation that will allow traffic management operators to improve
traffic flow and safety, as well as maximize resources. This new
relationship will focus on securing and implementing contracts in
North America.
In this joint venture, Peek will design traffic control
products that work in conjunction with Telvent's user-friendly
interface to streamline road operations for mid- and large size
cities' traffic operations. By combining Telvent's intelligent
transportation systems with Peek's innovative traffic control
equipment, the two companies will provide clients an enhanced
product that is more reliable and economical.
Additionally, Peek and Telvent will conduct joint research and
development efforts, towards designing the "Next Generation Traffic
Control System" that will allow operators to optimize the traffic
control in real-time. This next generation system will assist
operators in preparing to quickly and effectively respond to any
emergency situation occurring within the infrastructure, which will
lead to a decrease in accidents and an increase in user
safety.
According to Telvent's CEO, Ignacio Gonzalez, "Telvent is
excited to form a partnership with one of the leading providers of
traffic management equipment. In collaboration, both firms will
continue to provide transportation services that demonstrate a long
history of expertise and cost effective transportation solutions
throughout North America."
"The enhanced compatibility between the two companies will
allow for an integrated and distributed adaptive control system"
added Alejandro Brunell, Peek Traffic Corporation CEO.
Drawing from 40 years of experience in creating and
implementing transportation management solutions in Europe, North
and South America and the Middle East, Telvent's intelligent
transportation solutions have been successful in making effective
and efficient use of roadways in some of the world's most complex
and congested markets.
About Telvent
Telvent (NASDAQ: TLVT) 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. ( www.telvent.com)
About Peek Traffic Corporation
Peek Traffic Corporation is a global leader in transportation
safety solutions and intelligent transportation systems. It is one
of the most trusted providers of traffic control hardware and
software. ( www.peektraffic.com)
Investor Relations Contact
Manuel Fernandez Maza
Tel. +1 301 354 5432
Communication Department Contact
Patricia Malo de Molina
Tel. +34 954 93 71 11
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