Telvent expands its market share in China with integrated, industry-recognized solution
August 24, 2011 – Telvent (NASDAQ: TLVT), the leading real-time IT solutions and information provider for a sustainable world, announced today that Zunyi Electrical Power Supply Company of Guizhou, China has selected a key smart grid solution to accurately collect and analyze real-time data on grid operations for approximately 800,000 customers.
Telvent’s smart grid technology will allow Zunyi Power, a utility managed by Guizhou Power, to gather and analyze data via a user-friendly interface that operates in conjunction with current Telvent technology recently implemented in all of Guizhou’s provincial cities. With this integrated tool, Zunyi Power will have the ability to collect reliable data from the field and analyze the information to support the planning, operation and analysis of the current distribution system, thereby increasing reliability and grid efficiency. This comprehensive technology will also help curb energy loss by moving power already on the grid, rather than generating additional energy. The ability to make faster operational decisions will provide maximum power reliability to customers.
According to Telvent's chairman and CEO, Ignacio Gonzalez, “Telvent’s integrated smart grid tools give Zunyi Power the most robust capabilities to better serve its customers today and serve as the foundation for future efforts. We are proud to expand our solutions in China, which is a critical market and energy innovator.”
Telvent’s advanced distribution management system solution helps utilities manage power for 66 million customers worldwide in more than 20 countries. It was recently given a “positive” rating following an analysis by Gartner, Inc., the world’s leading information technology research and advisory company, in its March 2011 report, “MarketScope for Advanced Distribution Management Systems.”
About the MarketScope
The MarketScope is copyrighted 2011 by Gartner, Inc. and is reused with permission. The MarketScope is an evaluation of a marketplace at and for a specific time period. It depicts Gartner's analysis of how certain vendors measure against criteria for that marketplace, as defined by Gartner. Gartner does not endorse any vendor, product or service depicted in the MarketScope, and does not advise technology users to select only those vendors with the highest rating. Gartner disclaims all warranties, express or implied, with respect to this research, including any warranties of merchantability or fitness for a particular purpose.
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)