Latest news with #Tantalus
Yahoo
3 days ago
- Health
- Yahoo
Man indicted on attempted murder charge after woman refused sex
An Oahu grand jury indicted a 54-year-old man Wednesday for attempted murder in the shooting of a woman May 21 in the Tantalus area for her refusal to have sex. John Harold Garside was indicted with second-degree attempted murder, place to keep a pistol or revolver, carrying a firearm in commission of separate felony and felon in possession of a firearm. The convicted felon, who has nine prior felony convictions and was on probation at the time of his May 24 arrest, is being held without bail. The grand jury bench warrant set no bail for Garside and ordered him to remain 500 feet from the woman's home. Garside is scheduled for arraignment Thursday before Judge Ronald Johnson. A court document to determine probable cause for Garside's arrest says the woman, identified only as K.H., told police in two interviews while hospitalized May 21 that she was at 7-Eleven at Piikoi and Young streets earlier that morning when Garside, an acquaintance, picked her up in his silver Civic. She said they went to an unknown cemetery, where they smoked methamphetamine. She said he drove to the Pali Safeway, where he withdrew cash from an ATM at about 5 a.m., before driving up Tantalus Drive. K.H. told police Garside gave her money, but she gave it back to him. She drove his car up Tantalus Drive and stopped at some point. K.H. said Garside wanted to have sex with her at a different place, she said. When she refused, he shot her at close range with a revolver-type firearm, causing her to lose her hearing momentarily, she said. She got out of the car, ran and hid in some bushes. She waited until Garside left the area, then emerged from the bushes and walked down Tantalus Drive. A passerby spotted her bleeding and brought her to The Queen's Medical Center. The passerby, identified in the court document as T.B., said he was driving up Tantalus Drive when he saw a woman walking down the road with blood on her right side. She told him a man hit her, and he drove her to the Queen's emergency room. T.B. showed police the area in the 2900 block of Tantalus Drive, where he spotted K.H. and picked her up. Police located a parked car, equipped with cameras, in the area. They obtained video footage showing a silver sedan driving up Tantalus Drive at 6 :12 a.m., driving down 6 :22 a.m. The silver sedan then made a U-turn a minute later and drove down the hill in another minute. It then showed a bloodied K.H. walking down the hill, at 6 :30 a.m. K.H. was able to provide a partial license plate number. The detective received a physician's report from Queen's on May 24, showing K.H. received gunshot wounds to her shoulder, neck and head. 'The injuries did not end up being life-threatening, but potentially would have been with even a (n ) inch shift in position, ' the report said. On Saturday the detective instructed officers to find and arrest Garside on the attempted murder and firearm offenses. He was arrested at 5 :24 p.m. May 24 at 369 N. Vineyard Blvd.
Yahoo
07-05-2025
- Business
- Yahoo
Tantalus Systems Holding Inc. Reports First Quarter 2025 Financial Results
"Our team at Tantalus got off to a solid start in 2025 by delivering a new milestone for revenue generated in the first quarter of a calendar year, and we are encouraged by the continued growth in our software and services segment as utilities embrace our data-centric approach to grid modernization," said Peter Londa, President & CEO of Tantalus. "Our data-driven platform offers utilities a secure, flexible and affordable path to make sustained progress with their modernization efforts amid the current economic uncertainty. Tantalus is helping utilities generate additional value from existing infrastructure to improve efficiency, reliability and resiliency regardless of the current economic headwinds, as evidenced by continued expansion of our TRUSense Gateway™ and analytics offerings." Liquidity: At March 31, 2025, Tantalus had available liquidity of approximately $20.7 million as compared to $9.4 million as at March 31, 2024. The available liquidity was comprised of a cash balance of $15.9 million and borrowing availability of $4.8 million under its line of credit. Cash Flow from Operations: The Company generated positive Cash Flow from Operating Activities of $3.2 million compared to negative $239,000 in the prior year period. Adjusted EBITDA 1 : The Company delivered positive Adjusted EBITDA of $317,000, reflecting a strong improvement when compared to negative $536,000 in the prior year period. Loss per Share: Diluted loss per share was $0.01 compared to a diluted loss per share of $0.03 from the prior year period. Net Loss: The Company generated a net loss for the period of $651,000 reflecting an improvement on a comparative basis from the prior year period loss of $1.6 million. Gross Profit Margin 1 : The Company generated 55% Gross Profit Margin, an increase of 130 basis points over the prior year as a result of the product mix within the Connected Devices segment and higher revenue contributions from the Software segment. Revenue: The Company increased revenue by 27% year-over-year to $11.9 million. Revenue from Connected Devices and Infrastructure ("Connected Devices") increased by $2.0 million or 34% and Utility Software Applications & Services ("Software") revenue increased by $0.5 million or 14%. The increases in revenue are a result of adding new utility customers and continuing to expand deployments with existing accounts. Recurring Revenue represented 26% of total revenue in the quarter. All amounts presented in this news release are in United States dollars ("U.S. dollars") and all amounts presented in the attached financial tables are in thousands of U.S. dollars, unless otherwise noted. Burnaby, British Columbia--(Newsfile Corp. - May 7, 2025) - Tantalus Systems (TSX: GRID) (OTCQX: TGMPF) ("Tantalus" or the "Company"), a technology company dedicated to helping utilities modernize their distribution grids by harnessing the power of data, is pleased to announce its financial and operating results for the three-month period ended March 31, 2025. Story Continues OTHER KEY DEVELOPMENTS Sales Order Conversion : The Company converted $19.5 million in orders from its sales pipeline, the second highest amount converted during a quarter in the Company's history. Growth of User Community : The Company added 4 new utilities in Q1 2025. TRUSense Gateway Progress : As of the date of this release, the Company has received initial orders from 33 utilities to trial, pilot and deploy the TRUSense Gateway. Expansion of Leadership Team : During the quarter, Tantalus announced the appointments of Mr. Azim Lalani as Chief Financial Officer and Mr. Chris Allen as Chief Operating Officer and Executive Vice President of Solution Strategy. Qualification for the OTCQX® Best Market: In February 2025, Tantalus began trading on the OTCQX® Best Market under the ticker symbol TGMPF. SUBSEQUENT EVENTS Tariffs: Certain of the Company's suppliers and contract manufacturers are located in the Philippines. On April 5, 2025, the United States ("U.S.") implemented tariffs of 10% on products imported from the Philippines and other jurisdictions into the U.S. The effect of these potential tariffs on our business and financial condition will be influenced by several unknown factors, including the duration of such tariffs and their scope and nature. Any further escalation of trade tensions, additional tariffs, retaliatory measures, or shifts in international trade policies could adversely impact our business and financial condition. Extension of Credit Agreement: On April 17, 2025, the Company favorably amended its Line of Credit facility with Comerica Bank by extending the maturity date to June 30, 2027, reducing the interest rate spread, modifying or eliminating certain covenants, and incorporating other administrative changes. On April 22, 2025, Tantalus fully repaid the outstanding balance on the Comerica Line of Credit facility. The Company currently has access to the full availability under the $8.5 million Line of Credit facility to support its ongoing operations. Q1 2025 CONFERENCE CALL Management will hold a conference call and webcast to discuss the financial results on Thursday May 8, 2025 at 12:00 pm Eastern Time. Participant Dial In (Toll Free): 1-844-854-4410 Participant International Dial In: 1-412-317-5791 Participants, please ask to be joined to the Tantalus Systems call. WEBCAST Webcast URL: REPLAY INFORMATION A conference call and webcast replay will be available until May 15, 2025. To access the conference call replay, please see details below: US Toll Free: 1-877-344-7529 International Toll: 1-412-317-0088 Canada Toll Free: 1-855-669-9658 Replay Access Code: 6524081 FINANCIAL STATEMENTS AND MANAGEMENT DISCUSSION & ANALYSIS Information included in this press release is a summary of results and financial statement excerpts and should be read in conjunction with the Company's condensed consolidated financial statements for the three-month period ended March 31, 2025, audited financial statements for the year ended December 31, 2024 and related Management's Discussion & Analysis ("MD&A") for the three-month period ended March 31, 2025 and the year ended December 31, 2024 which can be found on SEDAR+ at and is also available on the Company's website at All results are reported in U.S. dollars and all amounts included in the tables attached to this press release are reported in thousands of U.S. dollars, unless otherwise noted. All comparisons presented in this press release are between the three-month periods ended March 31, 2025 and March 31, 2024, unless otherwise indicated. The accompanying notes to the financial statements are an integral part of the following consolidated financial statements and can be found on the Company's website at or at March 31, December 31, Note 2025 2024 Assets 6 Current assets Cash $ 15,937 $ 13,219 Accounts receivable 3 10,087 10,011 Inventory 4 5,021 4,832 Prepaid expenses and other assets 1,518 1,829 Total current assets 32,562 29,891 Property and equipment 854 731 Right of Use assets 1,884 2,038 Intangible assets 5,251 5,443 Goodwill 3,445 3,445 Total assets $ 43,996 $ 41,548 Liabilities and Shareholders' Equity Current liabilities Accounts payable and accrued liabilities 5 $ 15,519 $ 15,629 Deferred revenue and deposits 9,440 6,055 Lease liabilities 813 843 Line of credit 6 3,679 3,679 Term loan - current portion 6 1,924 1,535 Total current liabilities 31,375 27,740 Deferred revenue and deposits 81 103 Lease liabilities 1,293 1,392 Term loan 6 4,821 5,372 Total liabilities 37,571 34,607 Total shareholders' equity 6,425 6,941 Total liabilities and shareholders' equity $ 43,996 $ 41,548 See accompanying notes to consolidated financial statements. Three months Three months ended March 31, ended March 31, Note 2025 2024 Revenues 10 $ 11,904 $ 9,395 Cost of sales 4, 10 5,397 4,384 6,506 5,011 Expenses Sales and marketing 7(d) 2,751 2,043 Research and development 7(d) 1,531 2,057 General and administrative 7(d) 2,149 1,671 Depreciation and amortization 418 445 6,849 6,215 Operating loss (343 ) (1,204 ) Other (expenses) earnings Foreign exchange gain 54 86 Finance expenses (362 ) (436 ) (308 ) (350 ) Loss before income taxes (651 ) (1,554 ) Income tax expense - 1 Total comprehensive loss for the period $ (651 ) $ (1,555 ) Loss per share (basic and diluted) $ (0.01 ) $ (0.03 ) Weighted average number of shares outstanding (basic and diluted) 8 50,848 44,596 See accompanying notes to consolidated financial statements. Three months Three months ended March 31, ended March 31, Note 2025 2024 Cash (used in) provided by Operating Activities Loss for the period $ (651 ) $ (1,555 ) Adjustments to reconcile loss for the period to net cash flows: Unrealized foreign exchange (gain) loss 22 (35 ) Depreciation of equipment 72 92 Amortization of intangible assets 192 192 Amortization of right-of-use asset 154 160 Share-based compensation 7 (d) 242 223 Finance expenses 362 436 Amortization of deferred financing cost 21 - Changes in Non-Cash Operating Working Capital Accounts receivable 3 (75 ) (2,312 ) Inventory 4 (189 ) 863 Prepaid expenses and other assets 311 (86 ) Accounts payable and accrued liabilities 5 (217 ) (1,868 ) Deferred revenue and deposits 3,363 4,086 Lease payments for interest (43 ) (54 ) Interest paid on loans 6 (319 ) (381 ) Net Cash provided by (used in) Operating Activities 3,245 (239 ) Investing Activities Purchase of equipment (194 ) (51 ) Net Cash used in Investing Activities (194 ) (51 ) Financing Activities Repayment of indebtedness 6 (182 ) - Proceeds from indebtedness 6 - 5 Change in restricted cash - 673 Repayment of lease liabilities (151 ) (138 ) Net Cash (used in) provided by Financing Activities (333 ) 541 Effect of foreign exchange on cash - (5 ) Increase in cash 2,718 245 Cash, beginning of period 13,219 5,154 Cash, end of period $ 15,937 $ 5,399 NON-IFRS AND OTHER FINANCIAL MEASURES This press release contains certain financial measures that do not have any standardized meaning prescribed by International Financial Reporting Standards ("IFRS"). Therefore, these financial measures may not be comparable to similar measures presented by other issuers. Investors are cautioned that these measures should not be construed as an alternative to net income (loss) or to cash provided by (used in) operating, investing, financing activities, and cash determined in accordance with IFRS, as indicators of our performance. We provide these additional non-IFRS measures, non-IFRS ratios and supplementary financial measures to assist investors in determining the Company's ability to generate earnings and cash provided by (used in) operating activities. "EBITDA" is calculated as income (loss) adjusted for interest, income tax and depreciation and amortization. Management believes that EBITDA is a useful indicator for investors and is used by management in evaluating the operating performance of the Company. "Adjusted EBITDA" is calculated as income (loss) adjusted for interest, income tax, depreciation, amortization, stock-based compensation, foreign exchange gain (loss) and other income / expenses not attributable to the operations of the Company. Management believes that Adjusted EBITDA is a useful indicator for investors, and is used by management, in evaluating the operating performance of the Company. Beginning in the fourth quarter of 2024, the Company excludes non-recurring items such as restructuring expenses, financing costs, government subsidies and recovery of contingent liability in our presentation of Adjusted EBITDA as these expenses are not representative of ongoing operating performance. This news release also refers to the following non-IFRS ratios: "Gross Profit" is calculated as revenues less cost of sales. Management believes that Gross Profit is a useful indicator for investors, and is used by management, in evaluating the operating performance of the Company. "Gross Profit Margin" is calculated as Gross Profit expressed as a percentage of the Company's revenues. Management believes that Gross Profit Margin is a useful indicator for investors and is used by management in evaluating the operating performance of the Company. "Adjusted EBITDA Margin" is calculated as Adjusted EBITDA expressed as a percentage of the Company's revenues. Management believes that Adjusted EBITDA Margin is a useful indicator for investors and is used by management in evaluating the operating performance of the Company. This news release also refers to the following supplementary financial measures: "Recurring Revenue" is comprised of the Company's revenues recognized in a period that are recurring in nature and attributable to its analytics, subscriptions and software as a service ("SaaS") offerings, hosting services, software maintenance and technical support agreement services. SELECTED FINANCIAL INFORMATION Three months ended March 31, 2025 Three months ended March 31, 2024 Revenue $ 11,904 $ 9,395 Gross Profit 6,506 5,011 Gross Profit Margin % 1 55% 53% Operating expenses 6,849 6,215 Adjusted EBITDA 1 317 (536 ) Adjusted EBITDA Margin 1 3% -6% Loss for the period (651 ) (1,555 ) Loss per share -diluted $ (0.01 ) $ (0.03 ) Weighted average number of shares outstanding: Basic and diluted 50,848 44,596 Cash 15,937 5,399 GROSS PROFIT1 AND GROSS PROFIT MARGIN1 CALCULATIONS Connected Devices and Infrastructure Utility Software Applications and Services Three months ended March 31, 2025 % % Total % Revenue $ 7,789 100% $ 4,114 100% $ 11,904 100% Cost of sales 4,326 56% 1,072 26% 5,397 45% Gross Profit $ 3,463 44% $ 3,043 74% $ 6,506 55% Percentage of Total Gross Profit 53% 47% 100% Connected Devices and Infrastructure Utility Software Applications and Services Three months ended March 31, 2024 % % Total % Revenue $ 5,797 100% $ 3,598 100% $ 9,395 100% Cost of sales 3,370 58% 1,014 28% 4,384 47% Gross Profit $ 2,427 42% $ 2,585 72% $ 5,011 53% Percentage of Total Gross Profit 48% 52% 100% RECONCILIATION OF LOSS TO ADJUSTED EBITDA1 Three months ended March 31, 2025 Three months ended March 31, 2024 Loss for the period $ (651 ) $ (1,555 ) Finance expense 362 436 Income tax expense - 1 Depreciation and amortization 418 445 EBITDA 129 (674 ) Stock-based compensation 242 223 Foreign exchange (54 ) (86 ) Adjusted EBITDA $ 317 $ (536 ) ABOUT TANTALUS SYSTEMS HOLDING INC. (TSX: GRID) (OTCQX: TGMPF) 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 FORWARD-LOOKING STATEMENTS This news release contains "forward-looking information" within the meaning of applicable securities laws. Forward-looking information is generally identifiable by use of the words "believes", "may", "plans", "will", "anticipates", "intends", "could", "estimates", "expects", "forecasts", "projects" and similar expressions, and the negative of such expressions. Forward-looking information in this news release includes statements such as those relating to the ability of Tantalus' solutions, including the TRUSense Gateway and analytics offerings, to assist customers in addressing issues relating to grid modernization and in generating additional value from existing infrastructure to improve efficiency, reliability and resiliency regardless of economic factors, the continuing adoption of the Company's product offerings by customers, and the Company's ability to execute on its plan. To the extent any forward-looking information in this news release constitutes a "financial outlook" within the meaning of securities laws, such information is being provided because management's estimate of the future financial performance of Tantalus is useful to investors, and readers are cautioned that this information may not be appropriate for any other purpose and that they should not place undue reliance on such information. In connection with the forward-looking information contained in this news release, Tantalus has made numerous assumptions, regarding, among other things: increasing demand for the Company's solutions in support of utilities' grid modernization efforts, the commercialization and adoption of the TRUSense Gateway, and the ability of the Company to execute on its plan. While Tantalus considers these assumptions to be reasonable, these assumptions are inherently subject to significant uncertainties and contingencies. Additionally, there are known and unknown risk factors which could cause Tantalus' actual results, performance or achievements to be materially different from any future results, performance or achievements expressed or implied by the forward-looking information contained herein. A complete discussion of the risks and uncertainties facing Tantalus is disclosed under the heading "Risk Factors" in the Company's Annual Information Form filed on March 31, 2025, as well as those risk factors included with Tantalus' continuous disclosure filings with Canadian securities regulatory authorities available at All forward-looking information herein is qualified in its entirety by this cautionary statement, and Tantalus disclaims any obligation to revise or update any such forward-looking information or to publicly announce the result of any revisions to any of the forward-looking information contained herein to reflect future results, events or developments, except as required by law. CONTACT TANTALUS Deborah Honig Investor Relations 647-203-8793 | deborah@ Website: LinkedIn: LinkedIn/company/tantalus X (formerly Twitter): @TantalusCorp 1 See definitions for Non-IFRS and Other Financial Measures below. To view the source version of this press release, please visit
Yahoo
24-02-2025
- Business
- Yahoo
Tantalus Systems Announces Appointment of Christopher Allen as Chief Operating Officer and Executive Vice President of Solution Strategy
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 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 Manager613-552-4244 | jhudson@ Deborah HonigInvestor Relations 647-203-8793 | deborah@ Website: LinkedIn: LinkedIn/company/tantalusX (Formerly Twitter): @TantalusCorp To view the source version of this press release, please visit Sign in to access your portfolio
Yahoo
19-02-2025
- Business
- Yahoo
Tantalus to Report Fourth Quarter and Year End 2024 Audited Financial Results on March 19, 2025
Burnaby, British Columbia--(Newsfile Corp. - February 19, 2025) - Tantalus Systems (TSX: GRID) (OTCQX: TNTLF) ("Tantalus" or the "Company"), a technology company dedicated to helping utilities modernize their distribution grid by harnessing the power of data, is pleased to announce that the Company will release its fourth quarter and year end 2024 audited financial results after the market closes on Wednesday, March 19, 2025. The Company will hold a conference call and webcast to discuss the financial results on Thursday, March 20, 2025, at 11:00 am Eastern Time. Conference Call Participant Dial In (Toll Free): 1-844-854-4410 Participant International Dial In: 1-412-317-5791 Participants, please ask to be joined to the Tantalus Systems call. Webcast Webcast URL: Replay Information A conference call and webcast replay will be available until March 27, 2025. To access the conference call replay, please see details below: US Toll Free: 1-877-344-7529 International Toll: 1-412-317-0088 Canada Toll Free: 1-855-669-9658 Replay Access Code: 3464672 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 Forward-Looking Statements: This news release includes information, statements, beliefs and opinions which are forward-looking, and which reflect current estimates, expectations and projections about future events, 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 and financial effects 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 HudsonMarketing Communications Manager613-552-4244 | jhudson@ Deborah HonigInvestor Relations647-203-8793 | deborah@ Website: LinkedIn/company/tantalus To view the source version of this press release, please visit Sign in to access your portfolio
Yahoo
11-02-2025
- Business
- Yahoo
Tantalus Begins Trading on the OTCQX Best Market Under Symbol TNTLF
Burnaby, British Columbia--(Newsfile Corp. - February 11, 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 it has qualified to trade on the OTCQX® Best Market. Effective today, common shares of Tantalus will continue to trade on the Toronto Stock Exchange (TSX) under the symbol "GRID" and on the OTCQX under the symbol "TNTLF". The OTCQX Best Market is designed for established international companies to leverage their existing reporting standards and make disclosures available in the United States - utilizing SEC reporting exemption (Rule 12g3-2(b)). Under Exchange Act Rule 12g3-2(b), international companies are exempt from SEC reporting if they are a Foreign Private Issuer and make whatever information is required by their home market regulator publicly available to U.S. investors in English. To qualify for the OTCQX market, companies must meet high financial standards, follow best practice corporate governance, and demonstrate compliance with applicable securities laws. "Accessing the OTCQX Market highlights Tantalus' dedication to transparency and operational excellence while also strengthening our access to U.S. investors," said Peter Londa, President & CEO of Tantalus. "Given that the vast majority of our utility customers and revenue is generated from the United States, we believe cross-trading between the TSX and OTCQX will enhance liquidity and reinforces our commitment to delivering long-term value for our shareholders." For U.S. investors, current financial disclosure and Real-Time Level 2 quotes for the Company are accessible at 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 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, trading access for U.S. investors, enhancing equity liquidity, delivering long-term value to our shareholders 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 HudsonMarketing Communications Manager613-552-4244 | jhudson@ Deborah HonigInvestor Relations647-203-8793 | deborah@ Website: LinkedIn/company/tantalusX (Formerly Twitter): @TantalusCorp To view the source version of this press release, please visit Sign in to access your portfolio
