Telvent and Open Access Technology International

16 August 2010, 3:39pm

August 16, 2010 – Telvent (NASDAQ: TLVT), the IT company for a sustainable and secure world, and Open Access Technology International, Inc. (OATI), the leading transmission and trading software solution provider to the North American energy industry, jointly announce the strategic integration of Telvent’s advanced data acquisition and distribution management smart grid solution suite with OATI’s webSmartEnergy solutions for smart grid and energy markets. The combination of the companies’ leading-edge solutions will enable utilities around the world to efficiently and effectively balance network optimization and energy costs while maximizing regulatory, environmental, security, and customer service performance.

“We are very excited about the advantages that utilities will see with the alliance between OATI and Telvent, and our ability to link energy markets, including green energy markets, to the network operations solutions that Telvent has developed,” explained Dr. Sasan Mokhtari, President and CEO of OATI. “The utility industry needs mature, complete solutions for smart grid applications and this alliance is a significant step that can help utilities achieve both the operational and financial goals of their smart grid.”

"We are proud to announce this alliance with OATI, which clearly complements our proven network optimization software solutions in utility installations," said Telvent Energy President, Larry Stack. "Linking our industry-leading distribution management system (DMS) capability with OATI’s expertise, as well as its smart grid and energy market solutions, will enable utilities to optimize their transmission and distribution networks, access the renewable energy market and balance energy costs."

About Telvent

Telvent (NASDAQ: TLVT) is a global IT solutions and business information services provider dedicated to helping improve efficiency and reliability 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 OATI

OATI provides state-of-the-art energy trading and risk management (ETRM), transmission scheduling, congestion management, compliance, smart grid, and settlement systems to the energy industry. OATI webTrader, webAgent (U.S. patent pending), webTrans, webSmartEnergy, webCompliance, and webTag product lines provide the tools for seamless participation across energy markets to generation, trading, and transmission companies. OATI serves in excess of 700 client companies in the North American energy industry.

Telvent

OATI

Geo: International