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Tantalus Systems Expands Its Board of Directors

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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 (TSX: GRID) ha ampliato il suo Consiglio di Amministrazione con due nuove nomine. Kristi Honey, ex CISO di Ontario Power Generation con esperienza in cybersecurity e intelligenza artificiale, e Dave McLennan, ex CFO di Sierra Wireless con una vasta esperienza nel settore IoT, si uniscono al consiglio. Le nomine mirano a rafforzare le capacità dell'azienda nella cybersecurity, nella gestione finanziaria e nelle soluzioni di modernizzazione della rete. Honey porta con sé una certificazione in AI dal MIT e competenze globali in ESG, mentre McLennan contribuisce con 16 anni di esperienza nella gestione finanziaria e nello sviluppo aziendale maturata durante il suo periodo in Sierra Wireless.

Tantalus Systems (TSX: GRID) ha ampliado su Junta Directiva con dos nuevos nombramientos. Kristi Honey, ex CISO de Ontario Power Generation con experiencia en ciberseguridad e inteligencia artificial, y Dave McLennan, ex CFO de Sierra Wireless con una amplia experiencia en la industria IoT, se unen a la junta. Los nombramientos tienen como objetivo fortalecer las capacidades de la empresa en ciberseguridad, gestión financiera y soluciones de modernización de redes. Honey aporta una certificación en inteligencia artificial del MIT y competencia global en ESG, mientras que McLennan contribuye con 16 años de experiencia en gestión financiera y desarrollo corporativo adquirida durante su tiempo en Sierra Wireless.

탄탈러스 시스템(TSX: GRID)은 이사회를 두 명의 새로운 임원으로 확장했습니다. 크리스티 허니, 온타리오 전력 설비의 전 CISO로 사이버 보안 및 인공지능 분야의 전문가이며, 데이브 맥레넌, 시에라 와이어리스의 전 CFO로 IoT 산업에 대한 광범위한 경험이 있는 이사가 합류합니다. 이번 임명은 사이버 보안, 재무 관리 및 그리드 현대화 솔루션에서 회사의 능력을 강화하는 것을 목표로 하고 있습니다. 허니는 MIT에서 AI 인증을 보유하고 있으며 ESG 분야에서 글로벌 역량을 갖추고 있고, 맥레넌은 시에라 와이어리스에서의 16년간의 재무 관리 및 기업 개발 경험을 제공합니다.

Tantalus Systems (TSX: GRID) a élargi son Conseil d'Administration avec deux nouvelles nominations. Kristi Honey, ancienne CISO d'Ontario Power Generation, experte en cybersécurité et en intelligence artificielle, et Dave McLennan, ancien CFO de Sierra Wireless avec une vaste expérience dans le secteur de l'IoT, rejoignent le conseil. Ces nominations visent à renforcer les capacités de l'entreprise en matière de cybersécurité, de gestion financière et de solutions de modernisation du réseau. Honey apporte une certification en IA du MIT et des compétences globales en ESG, tandis que McLennan contribue avec 16 ans d'expérience en gestion financière et en développement d'entreprise acquis lors de son passage chez Sierra Wireless.

Tantalus Systems (TSX: GRID) hat seinen Vorstand mit zwei neuen Ernennungen erweitert. Kristi Honey, ehemalige CISO von Ontario Power Generation mit Fachwissen in Cybersecurity und KI, sowie Dave McLennan, ehemaliger CFO von Sierra Wireless mit umfassender Erfahrung in der IoT-Branche, treten dem Vorstand bei. Die Ernennungen zielen darauf ab, die Fähigkeiten des Unternehmens in den Bereichen Cybersecurity, Finanzmanagement und Lösungen zur Modernisierung des Stromnetzes zu stärken. Honey bringt eine AI-Zertifizierung vom MIT und globale Kompetenzen im Bereich ESG mit, während McLennan 16 Jahre Erfahrung in finanzieller Stewardship und Unternehmensentwicklung aus seiner Zeit bei Sierra Wireless einbringt.

Positive
  • Strategic board expansion with expertise in cybersecurity and IoT solutions
  • Addition of experienced C-level executives with utility and technology sector background
  • Enhanced capability for TRUSense Gateway commercialization planning
Negative
  • None.

Two appointments bring deep expertise in cybersecurity and networking industry operations to support continued company growth

Burnaby, British Columbia--(Newsfile Corp. - December 3, 2024) - Tantalus Systems (TSX: GRID) ("Tantalus" or the "Company"), a technology company dedicated to helping utilities modernize their distribution grids by harnessing the power of data, announced today the appointment of two new members to its Board of Directors: Kristi Honey and Dave McLennan. These additions expand the background and skill set of the Board as Tantalus seeks to gain sustained scale and growth, bringing cybersecurity expertise from the Canadian power industry as well as operational and financial acumen from a leading network and IoT solutions provider, respectively. Both appointments will serve to support continued advancement and development across Tantalus' portfolio of grid modernization solutions.

Kristi Honey is an experienced senior executive in both private and public sector organizations and brings an entrepreneurial spirit and experience leading large-scale, highly complex systems. She holds a certification from the Massachusetts Institute of Technology (MIT) in Artificial Intelligence (AI), Machine Learning and Robotics, as well as the Global Competent Boards ESG designation. Kristi served as Chief Information Security Officer (CISO) of Ontario Power Generation-which provides nuclear and renewable power generation for that province-and is globally recognized as an expert in cybersecurity and Enterprise risk management. She is currently the Chief Administrative Officer for the Township of Uxbridge, Ontario.

Dave McLennan is an experienced public company C-level executive with broad financial and general management expertise. Most recently, Dave served as Chief Financial Officer (CFO) and Corporate Secretary of Sierra Wireless Inc., a world leading Internet-of-Things (IoT) solutions provider. During his 16 years at Sierra Wireless, Dave was instrumental in leading core financial and administrative functions, investor relations and corporate development.

"We are excited to expand our Board of Directors through the addition of Dave McLennan and Kristi Honey," said Laura Formusa, Chair and Director of the Tantalus Board. "As the former CFO of Sierra Wireless, Dave will enhance our Board's expertise in financial stewardship and help our team prioritize capital allocations as we plan for the commercialization of our TRUSense Gateway™ and other grid modernization solutions. Kristi's experience in utility-grade cybersecurity will help keep Tantalus on the cutting edge of security for our customers and the solutions they use, and give us additional insights into how to deliver even more value to our customers."

About Tantalus Systems Holding Inc. (TSX: GRID)

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 impact that Ms. Honey and Mr. McLennan will have as part of the Board of Directors of Tantalus, 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

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/232260

FAQ

Who are the new board members appointed to Tantalus Systems (TSX: GRID)?

Kristi Honey, former CISO of Ontario Power Generation, and Dave McLennan, former CFO of Sierra Wireless, have been appointed to Tantalus Systems' Board of Directors.

What expertise do the new Tantalus Systems board members bring?

Kristi Honey brings cybersecurity and AI expertise with MIT certification, while Dave McLennan brings financial and operational experience from 16 years at Sierra Wireless as CFO.

How will these appointments benefit Tantalus Systems' business strategy?

The appointments will enhance cybersecurity expertise, financial stewardship, and support the commercialization of TRUSense Gateway and other grid modernization solutions.

TANTALUS SYS HLDGS INC

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