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Telvent Announces Strategic Partnership with Peek Traffic Corporation for North America

January 11, 2011

January 11, 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. (

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. (

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