Tantalus Surpasses Two Million Active Utility Endpoints in Over 150 Utilities

The company’s growth in 2017 solidifies its place as a market leader
in grid modernization

RALEIGH, N.C.–(BUSINESS WIRE)–#gridmodernization—Tantalus
Systems, a smart grid technology company that helps utilities make
smarter decisions, announced today that 24 additional Municipal and
Cooperative utilities, representing over 365,000 electric meters,
selected the company as its advanced metering infrastructure (AMI) and
grid modernization partner. The Tantalus Utility Network (TUNet©) system
is now deployed on over two million active smart grid-enabled endpoints
across more than 150 electric and multi-commodity utilities throughout
North America, the Caribbean Basin and Central America. TUNet combines a
powerful communications network with robust distributed computing to
deliver near-real-time, actionable data from across a utility’s
distribution grid. In addition to the two million active electric
endpoints, Tantalus also supports meter reading of over 200,000 water
and gas meters across the company’s customer base.

Over the past several years, Tantalus secured its place as a
market-leading partner for the Municipal and Cooperative utility
segment. In addition to the strong growth in its customer base in 2017,
Tantalus secured 23 utilities representing 350,000 electric meters in
2016 as new customers. By adding 47 new Municipal and Cooperative
utilities over the past 24 months, Tantalus continues to demonstrate its
unique ability to deliver a valuable solution that meets the needs of
this important market segment within the electric, water and gas utility
industry. As part of this strong growth in market share, Tantalus’
growing customer base is also integrating multiple solutions onto the
TUNet network, including distributed energy resource management, grid
optimization and streetlight control to modernize their grids and
communities.

“Tantalus’ mission centers around the delivery of technology that
improves the reliability, operating efficiency and profitability of
utilities,” said Peter Londa, CEO of Tantalus. “We strive to help
utilities develop a sustainable business model to support the needs of
their respective communities. To witness such rapid growth in our
customer base is a testament to our company’s ability to deliver a
differentiated solution that meets the specific needs of the market
segment we are pursuing.”

“As modern utilities are challenged to compete amid economic and
regulatory constraints, smart grid solutions are an important tool to
keep operating costs low and customer satisfaction high,” said Pavel
Molchanov, senior vice present and equity research analyst at Raymond
James. “Even after consolidation in recent years, the smart grid
technologies arena remains crowded. The deployment numbers that Tantalus
has secured solidify its place as one of the leaders among private
companies in the space.”

About Tantalus

Tantalus is a smart grid technology company that helps utilities make
smarter decisions. Through its smart grid applications and reliable
communications platform, Tantalus provides utilities with
near-real-time, actionable data from across their distribution grid to
lower operating costs and increase grid resiliency. Tantalus’ tailored
solutions leverage existing utility assets while offering utilities a
robust network of advanced metering infrastructure and intelligent
endpoints to help guarantee coverage, provide unmatched asset visibility
and control and support new endpoint applications and protocols as they
become available and standardized. For more information, please visit www.tantalus.com.

Contacts

Antenna Group on behalf of Tantalus
Katy Poniatowski, 415-977-1922
[email protected]