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Telvent to develop a validation and electronic
signature platform for Spain’s Ministry of Public Administration
Madrid, October 6, 2005 – Telvent
GIT S.A. (NASDAQ: TLVT), the Global RealTime IT Company, has been
chosen by Spain’s Ministry of Public Administration to construct
and implement its corporate validation and electronic signature
platform in order to make the agency’s administrative functions
more secure. This new platform will enable users to electronically
carry out a variety of activities including filing of tax statements,
bank transactions and billing, while ensuring maximum effectiveness
in user authentication.
In addition, Telvent will provide
technological assistance for this new electronic signature initiative,
and the future electronic ID initiative to be implemented in Spain
early in 2006. The digital signature system consists of private
and public keys that enable identification of the person who has
signed the document and ensures the authenticity of the signature.
The digital signature is created with data that is known only to
the signing party, thereby preventing the possibility of identity
theft. Once the document has been signed, it cannot be modified
during transmission.
Telvent will develop the solution
with its Ti-Signs leading edge in-house technology, which includes
advanced applications for the validation of electronic certificates
from the Digital Certification Authorities operating in Spain, and
also those that provide their services in the European Union, that
assure the signature belongs to the user in question and not to
anyone else. The system will be installed initially in Telvent’s
Data Center, in Alcobendas, Madrid, which will enable platform connectivity
with the rest of the Spanish public administration.
According to Telvent´s chairman
and chief executive officer, Manuel Sanchez Ortega, “This new electronic
signature implementation project consolidates Telvent’s position
as the leading provider of technological services for Spanish public
administrations. It ensures that the Ministry of Public Administration,
under its Public Administration Technological Modernization Plan
– Conecta – will possess interoperability with other market services
providers.”
Prior to commencement of the project,
the Spanish Ministry of Public Administration carried out a thorough
analysis of its current and future electronic signature needs, and
of the integration model with the future electronic ID initiative,
and then compared them with the different alternatives available
on the market. Upon completion of the analysis, the Ministry of
Public Administration opted for Telvent’s technological platform
as it covered all its needs.
Telvent (NASDAQ: TLVT), the Global RealTime IT Company, specializes
in high valueadded solutions for four specific industrial sectors
(Energy, Traffic, Transport and Environment) in Europe, North America,
Latin America and China. (www.telvent.com).
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