Tantalus Systems Announces Appointment of Christopher Allen as Chief Operating Officer and Executive Vice President of Solution Strategy

Rhea-AI Summary

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.

Positive

• Appointment of seasoned executive with 30 years of technology sector experience
• New COO has successful track record in leading IPO and strategic acquisition at previous company
• Strategic timing with launch of new TRUSense Gateway™ and TRUSync™ solutions
• Strengthened leadership team with recent multiple executive appointments

Negative

• None.

Burnaby, British Columbia--(Newsfile Corp. - February 24, 2025) - Tantalus Systems (TSX: GRID) (OTCQX: TNTLF) ("Tantalus" or the "Company"), a technology company dedicated to helping utilities modernize their distribution grids by harnessing the power of data, announced today that Christopher Allen has been appointed as its Chief Operating Officer (COO) and Executive Vice President (EVP) of Solution Strategy, effective February 24, 2025.

Mr. Allen brings 30 years of experience from various high-growth and competitive technology sectors to Tantalus. His career has successfully spanned both private and public company settings, with mandates ranging from product development to finance and global business strategy. Mr. Allen started his career with Creo Products (now Eastman Kodak), where he gained valuable insights that propelled him to roles of increasing responsibility at other leading technology companies such as Cooper Industries (now Eaton Corp.) and PowerOne (now ABB Ltd.).

Prior to joining Tantalus, he dedicated 10 years to Copperleaf Technologies (TSX: CPLF), where he held the dual roles of COO and CFO. During his tenure there, he spearheaded the company's successful IPO in 2021 followed by its strategic acquisition by IFS in 2024. Mr. Allen is a graduate of the University of British Columbia and holds a BASc in Mechanical Engineering.

"Tantalus is at an exciting inflection point in our business as we launch the TRUSense Gateway™ and TRUSync™ solutions. In anticipation of accelerating our growth, we are fortunate to bolster our leadership team with Chris's background and expertise," said Peter Londa, President & CEO of Tantalus. "Expanding our executive team with Chris, along with the recent additions of our new CFO, Azim Lalani, and our two new directors, Dave McLennan and Kristi Honey, puts us in an even stronger position for continued success."

"Tantalus is leading the way with grid modernization solutions that utilities desperately need, and the market opportunity in front of them is truly exciting," said Mr. Allen. "The team, their dedication to their customers, and the Company's purpose-driven approach to product innovation were all inspiring, and I'm excited to join such a collaborative and innovative group."

About Tantalus Systems Holding Inc. (TSX: GRID) (OTCQX: TNTLF)

Tantalus is a technology company dedicated to helping utilities modernize their distribution grids by harnessing the power of data across all their devices and systems deployed throughout the entire distribution grid. We offer a grid modernization platform across multiple levels: intelligent connected devices, communications networks, data management, enterprise applications and analytics. Our solutions provide utilities with the flexibility they need to get the most value from existing infrastructure investments while leveraging advanced capabilities to plan for future requirements. Learn more at http://www.tantalus.com/

Forward-Looking Information:

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 anticipated contributions to be made by Christopher Allen, Azim Lalani, Dave McLennan, and Kristi Honey to the Company, the anticipated growth from the TRUSense Gateway™ and TRUSync™ solutions, the adoption, effectiveness and impact of the Company's technology, 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 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 news release is expressly qualified in its entirety by this cautionary statement.

Contact Tantalus:

Jacquie Hudson
Marketing Communications Manager
613-552-4244 | jhudson@tantalus.com

Deborah Honig
Investor Relations
647-203-8793 | deborah@adcap.ca

Website: www.tantalus.com
LinkedIn: LinkedIn/company/tantalus
X (Formerly Twitter): @TantalusCorp

To view the source version of this press release, please visit https://www.newsfilecorp.com/release/241871

FAQ

When does Christopher Allen start as COO of Tantalus Systems (TNTLF)?

Christopher Allen starts as COO and EVP of Solution Strategy at Tantalus Systems on February 24, 2025.

What is Christopher Allen's experience before joining Tantalus Systems (TNTLF)?

Allen has 30 years of technology sector experience, including roles at Creo Products, Cooper Industries, PowerOne, and most recently served as COO and CFO at Copperleaf Technologies for 10 years.

What new products is Tantalus Systems (TNTLF) launching?

Tantalus Systems is launching the TRUSense Gateway™ and TRUSync™ solutions.

What recent leadership changes has Tantalus Systems (TNTLF) made?

Besides appointing Christopher Allen as COO, Tantalus has recently appointed Azim Lalani as CFO and added Dave McLennan and Kristi Honey as new directors.