Tantalus Graduates to the Toronto Stock Exchange

Tantalus

Focus on public power and electric cooperative utilities results in continued growth

Burnaby, BC – September 14, 2021 –– Smart grid technology leader Tantalus Systems (TSX: GRID) today welcomed the multi-commodity utility servicing the City of Escanaba, MI to its user community, bringing the total number of utilities leveraging its solutions to 200.

Tantalus provides mission-critical smart grid solutions to the public power and electric cooperative utility market segment across North America and the Caribbean Basin. The company’s dedication to this segment continues to yield growth and scale of its active user community—a community that includes more than 4 million endpoints capturing 30 billion consumption and power quality data points per year.

“Securing the 200th member of our user community is a tremendous milestone for our organization and the utilities that already rely on our team,” said Tantalus President & CEO Peter Londa. “Throughout our history, Tantalus centered its purpose on developing technology solutions in support of the public power and electric cooperative market segment by transforming existing distribution grids into digital networks capable of resolving an increasing number of challenges confronting the utility industry.”

As has been widely reported, utilities are under growing pressure to maintain operations despite disruptions from extreme weather, mandates to decarbonize and shifting consumer demand. Despite these disruptions, utilities are called upon daily to deliver safe, reliable and affordable services, all while relying on legacy distribution grids that are limited in their ability to withstand these challenges. By helping public power and electric cooperative utilities modernize their distribution grids and rise to these modern-day challenges, Tantalus has established a community of loyal customers through decades-long relationships.

“The one thing that stands out the most about Tantalus is how much they care about their customers. That makes a difference,” said Greg Williams, General Manager of Appalachian Electric Cooperative. “We were early adopters of smart grid to automate our metering infrastructure, and we continue to partner with Tantalus to enhance our system, expand our services and improve the lives of our members. Working with Tantalus is more than just a technology match—it’s a people match, too.”

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