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Telvent to improve traffic fluidity and mobility in Panama City

August 22, 2007

Madrid, August 22, 2007 - Telvent GIT S.A. (Nasdaq: TLVT), the IT company for a sustainable and secure world, announced today that the Transit and Road Transport Authority of Panama has awarded the company a nine year concession for the construction and management of the Panama City’s traffic control infrastructure. The project, which will be financed by Telvent, is valued at more than 14 million euro.

This project comprises implementation of the ITACA smart solution for real-time urban mobility management at 130 traffic-light controlled intersections, to be operated from a traffic control center. Telvent will construct the system and then operate it for seven years. By deploying this leading-edge technology, Panama City will achieve enhanced traffic mobility and fluidity on its thoroughfares, increased average vehicle speed and, as a result, reduce the time drivers spend behind the wheel on city journeys.

The ITACA system delivers significant advances in traffic management technologies. This system continually adapts to real traffic flow conditions, constantly compiling and analyzing information related to the traffic situation and implementing time plans that best respond to the real traffic demand. The process is developed in real-time, avoiding sudden changes and disruptions in traffic flow. ITACA optimizes the traffic mobility, reducing delays and improving the city’s pollution levels.

According to Telvent’s chairman and chief executive officer, Manuel Sánchez, “We are delighted to be able to assist Panama City in the provision of a better service for its citizens through the enhancement, management and maintenance of its traffic management systems. This new concession contract consolidates our position as suppliers of leading-edge technology that provide efficient solutions for urban traffic mobility and fluidity”.

Telvent’s traffic management solutions are already being deployed in Central America where cities such as Santo Domingo are benefiting from their use. The Company is also operating similar projects in other cities globally, including Sao Paulo (Brazil), Rosario (Argentina), Guadalajara (Mexico), Madrid (Spain), and Fushun (China).

About Telvent

Telvent (Nasdaq: TLVT), the IT company for a sustainable and secure world, specializes in high value-added products, services and integrated solutions for the Energy, Transportation, Environment and Public Administration industry segments, as well as Global IT Services. Its innovative technology and client-proven expertise enable the efficient and secure real-time management of operational and business processes for industry-leading companies worldwide. (

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