Telvent Expands Nordic Presence; Builds More Efficient and Secure Power Grid in Norway
18 Julio 2011 - 6:00AM
Telvent (Nasdaq:TLVT), the leading real-time IT solutions and
information provider for a sustainable world, announced today that
the Finnish utility company Fortum has selected Telvent to design,
develop and implement a smart metering system for its Norwegian
customers.
The new Telvent Titanium system will allow Fortum to operate its
power grid more efficiently, securely and cost-effectively by
ensuring correct energy demand response during times of peak
demand. This becomes critically important when administering
incident and outage management. In addition, the solution provides
Fortum with more accurate consumption information to ensure
effective system maintenance, network operation practices and
customer satisfaction.
By partnering with Telvent to further build up its smart grid
network, Fortum is promoting sustainable energy consumption habits
among its customers. Now, residential and small business energy
users will have continuous access to their power consumption
information and the ability to responsibly manage their energy
use.
According to Telvent's chairman and CEO, Ignacio Gonzalez, "We
are pleased with the opportunity to continue our work with Fortum
to promote sustainable energy practices in the Nordic region. Our
selection by such a highly regarded utility affirms that Telvent
has the extensive knowledge and high-level technology to support
utilities in modernizing their smart grid operations."
Telvent was chosen for the Norway project due to its reliable
and accurate metering system, as well as its experiences with
on-going smart metering projects in Fortum's Finnish service areas.
With the addition of the Norwegian metering system, Fortum will
have a single platform and control center to manage operations for
both countries. Telvent will deliver operation services for this
system, part of its Smart Grid suite, to Fortum through 2018.
Telvent currently serves clients across the Nordic region in
Finland, Sweden, Denmark and Norway.
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)
The Telvent GIT S.A. logo is available at
http://www.globenewswire.com/newsroom/prs/?pkgid=6852
About Fortum
Fortum's purpose is to create energy that improves life for
present and future generations. We provide sustainable solutions
that fulfill the needs for low emissions, resource efficiency and
energy security, and deliver excellent value to our shareholders.
Our activities cover the generation, distribution and sale of
electricity and heat as well as related expert services.
Fortum's operations focus on the Nordic countries, Russia and
Baltic Rim area. In the future, the integrating European and
fast-growing Asian energy markets provide additional growth
opportunities. In 2010, Fortum's sales totaled EUR 6.3 billion and
comparable operating profit was EUR 1.8 billion. We employ
approximately 10,500 people. Fortum's shares are quoted on NASDAQ
OMX Helsinki.
Further information: www.fortum.com
CONTACT: Investor Relations Contact
Manuel Fernandez Maza
+1 301 354 5432
ir@telvent.com
Media Contact
Sandi Scott
+1 952-851-7216
sscott@tunheim.com
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