City of Portland, Oregon, Selects Schlumberger Stelio Solution for Multispace Parking Solution Trial

Business Wire, Nov 21, 2000

Business Editors/High-Tech Writers

AUSTIN, Texas--(BUSINESS WIRE)--Nov. 21, 2000

City Calls on Schlumberger to Demonstrate Cost-Effective

Parking Solution Based On Leading Technology

Schlumberger Test & Transactions, a business segment of Schlumberger Limited (NYSE:SLB), announced that the city of Portland, Oregon, has recently chosen Schlumberger Stelio(TM) parking technology for participation in a field test designed to determine what characteristics and functions might best benefit the city. The project includes replacing single space meters with Schlumberger Stelio Pay & Display and Pay by Space multispace parking terminals at selected Portland sites in the downtown area, bench testing and examination of equipment, and operational training for city staff.

"The combination of features and design were significant in our selection process for this pilot," stated Keith Ehrensing, parking manager for the city of Portland. "Our evaluation committee believes that Stelio is among the best available for leading technology which meet the demands of on street parking."

Stelio technology offers city managers improved trouble reporting via wireless application linked to a central station with a Parkfolio(TM) software package that provides data management. Additionally it offers lower power consumption via an integrated solar panel combined with a battery that recharges continuously. The user-friendly Schlumberger Stelio multispace terminal is convenient for motorists since it accepts cash, credit cards, debit cards, magnetic stripe cards and smart cards. The acceptance of these varied payment methods is also an advantage for the city, since it reduces cash handling during collections.

The trial is currently underway and is scheduled to be completed in February, 2001.

Schlumberger is a world leader in on-street parking solutions. Globally, its systems control more than two million parking spaces in more than 3,000 cities and 40 countries. The company currently has an installed base of 2,800 units controlling over 100,000 spaces in cities across the United States and Canada, including New York City; Toronto, Canada; Aspen and Denver, Colorado; Ft. Lauderdale and Hollywood, Florida; the San Francisco Bay Area; Park City, Utah; and other metropolitan areas, vacation destinations and university campuses. Additional information on Schlumberger parking solutions is available at http://www.slb.com/smartcards.

About Schlumberger Test & Transactions

Schlumberger Test & Transactions provides consulting, integration and products for testing and measurement of semiconductor devices, smart card-based transactions, IP (Internet protocol) network security and wireless services. With 1999 revenue of $1.2 billion and over 7,000 employees in more than 40 countries, it is a business segment of Schlumberger Limited (NYSE:SLB), a global technology services company with 1999 revenue of $8.4 billion. More information is available at www.slb.com.

Note to Editors: Stelio and Parkfolio are trademarks of Schlumberger.