TANTALUS SYS HLDGS INC - TNTLF STOCK NEWS

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Tantalus Systems Holding Inc. (TSX: GRID) is a technology company dedicated to helping utilities modernize their distribution grids by leveraging data across all devices and systems deployed throughout the entire distribution grid. With a focus on grid modernization platforms, intelligent connected devices, communications networks, data management, enterprise applications, and analytics, Tantalus offers solutions that provide utilities with flexibility to maximize value from existing infrastructure investments and anticipate future requirements.

The Company recently announced the launch of TRUSense Gateway, a groundbreaking solution that received Underwriters Laboratories certification and is poised to transform grid modernization efforts. Through collaborations with industry partners, academic institutions, and research centers, Tantalus aims to enhance reliability, resiliency, and affordability for the communities utilities serve.

Tantalus is committed to accelerating growth, evidenced by the record sales orders of US$21.6 million converted in Q1 2024. The Company added 5 new utilities to its user community, bringing the total to 293. Additionally, Tantalus achieved a Gross Profit Margin of 53% in Q1 2024, reflecting a strategic focus on sustainable financial performance.

By securing C$10 million in gross proceeds through a successful bought deal financing, Tantalus is well-positioned to drive innovation, expand research and development initiatives, and further solidify its market presence. The Company's recent achievements and financial results underscore its dedication to advancing grid modernization and delivering impactful solutions to the utility sector.

05/02/2024 07:01 AM

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Tantalus Releases Results of its Second Annual Utility of the Future Survey

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Tantalus Systems (TSX: GRID) released the findings of its second annual Utility of the Future Survey, highlighting utilities' concerns regarding grid data management, cybersecurity, hiring and retaining staff, decarbonizing the grid, and the impact of electric vehicles. While most utilities prioritize grid modernization, the survey revealed that only 5% feel completely prepared, with the majority feeling somewhat prepared or not prepared at all.

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04/24/2024 07:00 AM

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Tantalus to Report First Quarter 2024 Financial Results on May 7, 2024

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Tantalus Systems (TSX: GRID) will report its financial results for the first quarter of 2024 on May 7, 2024. The company specializes in grid modernization technology for utilities. A conference call and webcast to discuss the results will be held on May 8, 2024, at 11:00 am Eastern Time. Participants can access the webcast and replay information through the provided links and phone numbers.

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04/22/2024 07:00 AM

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Tantalus' TRUSense Gateway(TM) Receives Underwriter Laboratories Certification

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Tantalus Systems, a technology company focused on grid modernization, announces that their TRUSense Gateway has received Underwriter Laboratories certification. This certification validates the safety requirements for the TRUSense Fiber Gateway and TRUSense Cellular Gateway, enabling utilities to improve grid reliability and control. The TRUSense Gateway offers enhanced visibility and control from substations to end-user devices, supporting AMI 2.0 functionality and integration of distributed energy resources. This milestone accelerates utilities' grid modernization efforts and enhances their ability to address power quality issues and optimize grid performance.

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04/08/2024 07:00 AM

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Bolivar Energy Authority Selects Tantalus Grid Modernization Platform(TM) and TRUSense Gateway(TM) Solution

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Tantalus Systems (TSX: GRID) partners with Bolivar Energy Authority (BEA) to modernize their distribution grid using the Tantalus Grid Modernization Platform (TGMP) and TRUSense Fiber Gateway. The partnership aims to leverage BEA's investment in fiber-to-the-home network for grid resiliency and advanced applications.

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04/02/2024 07:00 AM

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United Illuminating Selects TRUSense Gateway(TM) Solution from Tantalus for Innovative Pilot Program

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Tantalus Systems collaborates with a consortium led by IOU on grid modernization in Connecticut. The United Illuminating Company (UI) will deploy a pilot program using TRUSense Gateway to control up to 7 kilowatts of power per home in Bridgeport. The Innovative Energy Solutions (IES) Program aims to accelerate grid modernization and decarbonization efforts in Connecticut by focusing on demand-side flexibility and integrating thermal storage. The partnership includes industry leaders like GE Appliances, Savant, UConn, NREL, and Threshold.

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03/26/2024 04:11 PM

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Tantalus Systems Holding Inc. Reports Financial Results for Q4 and Fiscal Year of 2023

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Tantalus Systems (TNTLF) achieves record revenue and neutral Adjusted EBITDA for FY 2023 and Q4, with significant growth in Annual Recurring Revenue and Gross Profit Margin.

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02/29/2024 07:00 AM

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Tantalus to Report Fourth Quarter & Year End 2023 Audited Financial Results on March 26, 2024

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Tantalus Systems (TSX: GRID) to Release Q4 and Year End 2023 Financial Results on March 26, 2024

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02/07/2024 07:00 AM

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Tantalus Launches TRUGrid(TM) Transformer to Accelerate Grid Modernization

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Tantalus Systems (TSX: GRID) launches TRUGrid Transformer, an AI-enabled data analytics capability for utilities to optimize grid performance and extend transformer life. The solution allows utilities to detect voltage issues, identify anomalies in real time, and react intelligently to grid stability threats. It also helps utilities navigate supply chain constraints and mitigate the risks of transformer shortages. TRUGrid Transformer is being deployed by utilities across North America and is offered as a SaaS subscription to various types of utilities.

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01/30/2024 07:00 AM

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Tantalus Launches a Breakthrough Technology Platform to Help Utilities Modernize Their Distribution Grids

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Tantalus Systems (TSX: GRID) launches the Tantalus Grid Modernization Platform, including TRUSync, a groundbreaking grid data management system. The platform helps utilities accelerate their grid modernization efforts, addressing the need for true data interoperability and integration of an increasing amount of data from connected devices. The TGMP enables utilities to be more strategic in their deployments while minimizing costs and offers unprecedented levels of visibility, command, and control.

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11/07/2023 05:28 PM

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Tantalus Systems Holding Inc. Reports Financial Results for Q3 of 2023

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Tantalus Systems (TSX: GRID) reports 12% revenue growth, 21% increase in Annual Recurring Revenue (ARR), and positive Adjusted EBITDA in Q3 2023.

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FAQ

What is the current stock price of TANTALUS SYS HLDGS (TNTLF)?

The current stock price of TANTALUS SYS HLDGS (TNTLF) is $1.085 as of October 11, 2024.

What is the market cap of TANTALUS SYS HLDGS (TNTLF)?

The market cap of TANTALUS SYS HLDGS (TNTLF) is approximately 55.3M.

What does Tantalus Systems Holding Inc. specialize in?

Tantalus focuses on helping utilities modernize their distribution grids by leveraging data across all devices and systems deployed throughout the entire distribution grid.

What recent product launch has Tantalus introduced?

Tantalus recently launched TRUSense Gateway, a solution that received Underwriters Laboratories certification and is set to transform grid modernization efforts.

How many new utilities joined Tantalus' user community in Q1 2024?

In Q1 2024, Tantalus added 5 new utilities to its user community, bringing the total number of users to 293.

What was Tantalus' Gross Profit Margin in Q1 2024?

Tantalus achieved a Gross Profit Margin of 53% in Q1 2024, reflecting a strategic focus on sustainable financial performance.

How much gross proceeds did Tantalus secure through a recent bought deal financing?

Tantalus secured approximately C$10 million in gross proceeds through a bought deal financing, enabling the Company to drive innovation and expand research and development initiatives.