Tantalus Rings Opening Bell at Toronto Stock Exchange
12 Fevereiro 2021 - 2:00PM
Business Wire
Tantalus Systems Holding Inc. (TSXV: GRID) (“Tantalus” or
the “Company”), a smart grid technology company, celebrated
the Company’s listing on the TSX Venture Exchange (“TSXV”) by
virtually ringing the opening bell at the Toronto Stock Exchange at
9:30 a.m. ET today. The Company’s senior management, directors and
other team members participated in the ceremony in recognition of
the Company commencing trading on the TSXV on February 9, 2021
under the ticker symbol “GRID”.
“While our public listing represents a significant milestone for
the Company, the purpose of Tantalus will not change, nor will our
unwavering commitment to the public power and electric cooperative
sector,” said Peter Londa, President & CEO of Tantalus.
“Pivoting to the public markets will allow Tantalus to accelerate
our product roadmap by expanding our R&D capabilities, to
establish new strategic partnerships and to pursue targeted
acquisitions — all of which will only strengthen our ability to
deliver purpose-built solutions to meet the specific needs of our
user community.”
As previously announced, the Company completed its ‘Qualifying
Transaction’ on January 29, 2021 and continues to be led by its
Board of Directors, with Ms. Laura Formusa as Chair, and the same
management team that has been overseeing its operations and
business over the past several years. In connection with the going
public transaction, Tantalus upsized its concurrent financing and,
in the aggregate, raised approximately CN$10 million from new and
existing investors to bolster its financial position and strengthen
its balance sheet as the Company looks towards the future and
continues to scale the company as a valued partner to its user
community.
“As we pursue this new path, we are reminded of and grateful for
the hard work and perseverance of our entire team and the
unyielding support of our growing user community - now including
over 185 utilities. We remain committed to building purpose-driven
solutions that enhance sustainability for utilities and communities
across North America and the Caribbean Basin,” said Londa.
Learn more about the Company at www.tantalus.com.
About Tantalus Systems Holding Inc.
Over the past three decades, the Company, through Tantalus
Systems Corp. and its subsidiaries and affiliates, has been
consistently and creatively developing technology that enhances the
safety, security, reliability and efficiency of public power and
electric cooperative utilities across North America and the
Caribbean Basin. Tantalus provides mission-critical smart grid
solutions that include a market-leading edge computing platform,
robust software applications and an advanced IoT communications
network. By leveraging technology, Tantalus empowers its utility
customers to access granular data from both legacy meters and
cutting-edge two-way intelligent devices to improve customer
service, facilitate consumer engagement, realize cost savings and
streamline system operations. Tantalus’ comprehensive suite of
smart grid solutions includes advanced metering infrastructure,
demand-management technologies, data analytics, distribution
automation and street lighting control systems - a broad portfolio
built purposefully to support smart community initiatives essential
to both the near-term and long-term success of the utilities
Tantalus supports and the communities they serve.
Follow Tantalus on Twitter, LinkedIn and Facebook.
CAUTIONARY STATEMENT
Neither TSX Venture Exchange nor its Regulation Services
Provider (as that term is defined in the policies of the TSX
Venture Exchange) accepts responsibility for the adequacy or
accuracy of this news release. This news release includes
information, statements, beliefs and opinions which are
forward-looking, and which reflect current estimates, expectations
and projections about future events, including, but not limited to,
the acceleration of the Company’s product roadmap by expanding its
R&D capabilities, establishing new strategic partnerships,
pursuing targeted acquisitions and the growth of the Company’s user
community, and other statements that contain words such as
“believe,” “expect,” “project,” “should,” “seek,” “anticipate,”
“will,” “intend,” “positioned,” “risk,” “plan,” “may,” “estimate”
or, in each case, their negative and words of similar meaning. By
its nature, forward-looking information involves a number of risks,
uncertainties and assumptions that could cause actual results or
events to differ materially from those expressed or implied by the
forward-looking information. These risks, uncertainties and
assumptions could adversely affect the outcome and financial
effects of the plans and events described herein. Readers should
not place undue reliance on forward-looking information, which is
based on the information available as of the date of this news
release and Tantalus disclaims any intention or obligation to
update or revise any forward-looking information contained in this
new release, whether as a result of new information, future events
or otherwise, unless required by applicable law. The
forward-looking information included in this new release is
expressly qualified in its entirety by this cautionary
statement.
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version on businesswire.com: https://www.businesswire.com/news/home/20210212005399/en/
Jacqueline Hudson Marketing Communications Manager 613-482-7928
x232| tantalusinfo@tantalus.com www.tantalus.com
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