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Tantalus Systems Holding Inc. (TNTLF) delivers smart grid technology solutions that modernize utility infrastructure through data-driven insights. This news hub provides investors and industry professionals with essential updates on the company’s operational milestones, product innovations, and market strategies.
Access curated press releases and announcements covering earnings disclosures, TRUSense product developments, strategic collaborations, and regulatory compliance updates. Our repository simplifies tracking of key initiatives in grid modernization, including deployments of intelligent devices and analytics platforms that optimize utility operations.
Discover timely information about TNTLF’s recurring revenue streams, technology partnerships, and industry recognition. Content is organized to highlight both financial performance and technical advancements in smart grid communications and data management systems.
Bookmark this page for streamlined access to Tantalus Systems’ latest developments in transforming utility networks through scalable IoT solutions and enterprise-grade analytics.
Tantalus Systems (TSX: GRID) (OTCQX: TNTLF) has appointed Christopher Allen as Chief Operating Officer and Executive Vice President of Solution Strategy, effective February 24, 2025. Allen brings 30 years of technology sector experience, including significant roles at Creo Products, Cooper Industries, and PowerOne.
Most recently, Allen served as COO and CFO at Copperleaf Technologies for 10 years, where he led the company's IPO in 2021 and its subsequent acquisition by IFS in 2024. He holds a BASc in Mechanical Engineering from the University of British Columbia.
The appointment comes as Tantalus prepares to launch its TRUSense Gateway™ and TRUSync™ solutions. This executive addition follows recent appointments of CFO Azim Lalani and new directors Dave McLennan and Kristi Honey, strengthening the company's leadership team during this growth phase.
Tantalus Systems (TSX: GRID) (OTCQX: TNTLF) has announced it will release its fourth quarter and year end 2024 audited financial results after market close on March 19, 2025. The company will host a conference call and webcast to discuss these results on March 20, 2025, at 11:00 am Eastern Time.
A replay of the conference call and webcast will be available until March 27, 2025. Tantalus is a technology company that specializes in helping utilities modernize their distribution grids through data management, offering solutions including intelligent connected devices, communications networks, data management, enterprise applications, and analytics.
Tantalus Systems (TSX: GRID) (OTCQX: TNTLF) has announced its qualification to trade on the OTCQX Best Market. The company's common shares will continue trading on the Toronto Stock Exchange under 'GRID' while simultaneously trading on the OTCQX under 'TNTLF'.
The OTCQX Best Market is designed for established international companies to make disclosures available in the United States through SEC reporting exemption (Rule 12g3-2(b)). Companies must meet high financial standards, follow best practice corporate governance, and demonstrate securities law compliance to qualify.
According to Peter Londa, President & CEO, this move strengthens Tantalus' access to U.S. investors, particularly significant as the majority of their utility customers and revenue comes from the United States. The dual-listing strategy aims to enhance liquidity and demonstrate commitment to shareholder value.
Tantalus Systems (TSX: GRID) has announced the appointment of Azim Lalani as its new Chief Financial Officer, effective January 13, 2025. Lalani replaces George Reznik, who will depart on January 24, 2025. The new CFO brings significant experience from his previous roles, including CFO positions at AutoCanada (TSX: ACQ), where he managed approximately C$6 billion in revenues, and American Hotel Income Properties REIT, where he oversaw growth from US$350 million to over US$1.1 billion in enterprise value.
At Tantalus, Lalani will oversee financial reporting, accounting, treasury, financial planning, tax, and capital markets planning and investor relations. He currently serves as Corporate Director and Board Chair of UBC Investment Management Trust, managing over C$6.0 billion in assets. The company views this appointment as strategic for its next growth phase and path to profitability.
Tantalus Systems (TSX: GRID) has expanded its Board of Directors with two new appointments. Kristi Honey, former CISO of Ontario Power Generation with expertise in cybersecurity and AI, and Dave McLennan, former CFO of Sierra Wireless with extensive IoT industry experience, join the board. The appointments aim to strengthen the company's capabilities in cybersecurity, financial management, and grid modernization solutions. Honey brings certification in AI from MIT and global competency in ESG, while McLennan contributes 16 years of experience in financial stewardship and corporate development from his tenure at Sierra Wireless.
Tantalus Systems announced that its TRUSense Cellular Gateway (TCG) has received PTCRB certification, marking the final step for commercial deployment on cellular networks. The TCG is part of the Tantalus Grid Modernization Platform and joins existing fiber and ethernet configurations. This certification, along with UL and FCC authorizations, enables full production and delivery of the device.
The TCG enhances grid modernization by providing utilities with improved visibility and control across their entire grid, from substations to behind-the-meter devices. It supports next-generation AMI integration, advanced power quality sensing, and sophisticated control capabilities without requiring meter replacement.
Tantalus Systems reported strong Q3 2024 financial results with record-breaking sales orders of $40.2 million for the first nine months, showing 46% growth year-over-year. Revenue increased 14% to $11.6 million, with the Utility Software Applications segment contributing 38%. The company maintained a healthy gross profit margin of 56% and generated Adjusted EBITDA of $0.6 million. Cash position improved to $10.3 million from $5.2 million at year-end 2023. The company expanded its utility customer base by 26 to reach 314 total users, while Annual Recurring Revenue grew 11% to $12.2 million. Notable product developments include UL and FCC certifications for TRUSense Gateway and launch of TRUFlex Protect software.
Tantalus Systems (TSX: GRID) announced it will release its Q3 2024 financial results on November 13, 2024, after market close. The company will host a conference call and webcast to discuss the results on November 14, 2024, at 11:00 am Eastern Time. A replay of the conference call will be available until December 14, 2024. The company specializes in grid modernization technology, helping utilities leverage data for grid modernization.
Tantalus Systems announced that the TRUSense Cellular Gateway (TCG) has received FCC certification, marking a significant milestone towards its commercialization. The TCG is part of the TRUSense Gateway suite and the Tantalus Grid Modernization Platform (TGMP), aimed at modernizing utility grids. The FCC certification confirms the TCG's compliance with national standards for electromagnetic compatibility, enabling Tantalus to commence production. CEO Peter Londa emphasized the benefits of integrating this technology, including enhanced data analytics, improved outage management, and sustainable energy practices. The TCG facilitates the integration of advanced metering infrastructure (AMI) and reliable behind-the-meter control without replacing existing meters. This certification also paves the way for updating the UL-2745 Certification for the TRUSense Fiber Gateway to include the LTE daughterboard. Tantalus is awaiting PTCRB approval for full commercialization.
Tantalus Systems (TSX: GRID) reported financial results for Q2 and H1 2024. Key highlights:
- Record $32.9 million in sales orders for H1 2024, up 46% YoY
- Revenue of $10.7 million, down 4% YoY
- Annual Recurring Revenue (ARR) of $12.0 million, up 14% YoY
- Strong Gross Profit Margin of 55%
- Adjusted EBITDA of -$0.2 million
- Cash position increased to $11.4 million
- Added 14 new utilities, bringing total to 302
- Secured orders from 15 utilities for TRUSense Gateway trials and pilots
Despite a slight revenue decline, the company sees growth opportunities with its TRUSense Gateway product line and Grid Modernization Platform.
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