Telvent selects Maingate to ensure communication to Fortums 550 000 customers in Finland

27 Nov, 2009

Maingate has signed a contract with Telvent (NASDAQ:TLVT), the IT company for a sustainable and secure world, to supply wireless communications services for a project for the Finnish energy company Fortum.

The project will provide Fortum with real-time intelligence that will revolutionize both the customer relations and operations of its power grid.

Altogether 550 000 Fortum's residential and small business customers in Finland will have electric meters in their homes that allow collection of usage information. The system will also allow Fortum to administer and operate its power grid more efficiently, securely and cost-effectively by managing peak demand particularly during incident and outage periods.

Telvent is in charge of project design, development and roll out of a technically advanced Titanium metering system – part of Telvent´s Smart Grid Solution suite. Once the system is fully rolled out after three years, Telvent will operate and maintain the system.

- It is most satisfying that, following a highly competitive selection, Telvent has chosen Maingate to deliver these vital services in a project of this importance and size. It is a result of our long-time presence in the market and a very strong record as a supplier within the utility sector”, says Göran Näslund Senior VP Utility Maingate.

- Communication is a key component in the power grid. The applications are business critical and demands on the mobile communication are therefore naturally high when it comes to safety, availability and operational quality. With large volumes in a project like this, demands are also high on administration, logistics and support. We have cooperated with Maingate since 2005 in similar projects and are very confident in their ability to deliver, says Manuel Losada Friend Vice President Electric Business Telvent.

About Maingate

Maingate is a world leading Swedish company specialised in industrial wireless communication between machines and systems.
As a pioneer in M2M (machine-to-machine), we have since 1998 created value for our customers through a focused industrial offering and innovative development of wireless technology. Regardless of where our customer’s products are found, we ensure that they are online. Maingate has offices in Stockholm, Karlskrona, Oslo and Amsterdam.

About Telvent

Telvent (NASDAQ: TLVT) is a global IT solutions and business information services provider that improves the efficiency, safety and security of the world’s premier organizations. The company serves markets critical to the sustainability of the planet, including the energy, transportation, agriculture, and environmental sectors. For more information, visit www.telvent.com

For more information please contact:

Göran Näslund
Senior VP Utility Segment, Maingate
+46 703 201410
goran.naslund@maingate.se

Manuel Losada Friend
Vice President Electric Business, Telvent
+34 902 33 55 99