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Tantalus’ Societal Contribution and Rapid Growth Recognized by Deloitte Honors
Company receives Green 15 award; ranked on Fast 50 and Fast 500 Lists
Raleigh, NC and Vancouver, BC October 19, 2011 Tantalus, a leading provider of Smart Grid communications, today announced it has won the prestigious Deloitte Technology Green 15TM Award and been featured in the Deloitte Technology Fast 50TM and Fast 500 TM lists. The Green 15 Award was created in 2007 to showcase the 15 Canadian companies leading the way with breakthroughs in the field of green technology.
Deloitte ranked Tantalus 20th among the Deloitte Technology Fast 50, a ranking of the 50 fastest growing technology companies in Canada, and 97th on the Technology Fast 500, a ranking of the fastest growing technology companies across North America. Rankings for both awards are based on the percentage of fiscal year revenue growth during the period from 2006-2010, in which time Tantalus’ revenue grew 1,069 percent.
For more than a decade, the Deloitte Technology Fast 50 program has tracked the growth of Canadian-grown global leaders. Now Canada’s pre-eminent technology award program, the Deloitte Technology Fast 50, highlights Canadian leaders from the broader Deloitte North American Technology Fast 500 initiative.
Tantalus has experienced rapid growth in the past few years, setting a blistering pace of new customer wins and steadily expanding its product offerings. At a high rate of development that has continued into 2011, Tantalus has increased its customer portfolio and broadened its reach into several new territories across North America including the Northeast, the Rockies and Texas.
Additionally, Tantalus recently announced a strategic partnership with metering information giant Itron that will expand Tantalus’ reach into all territories of North and Central America. Itron will sell TUNet® to municipal and cooperative utilities as a complete smart grid communications solution for AMI, demand response, and distribution automation applications. The strategic partnership brings a solution to utilities that have already installed or are in the process of deploying Itron ERTs, allowing them to take advantage of those investments as a part of a long-term smart grid strategy without stranding their investments.
“We are honored that Deloitte recognized our substantial growth,” said Eric Murray, Tantalus CEO. “These accolades are a testament to the foresight of our innovative customers – utility companies committed to providing premium service to their users by managing resources and costs effectively while also being on the forefront of technology utilization. The success that they have had with the Tantalus communications network has propelled this level of growth.”
“The Deloitte Technology Green 15 Award recognizes those Canadian companies that offer solutions to global environmental challenges by creating intellectual property and technology that reduce society’s environmental impact,” said Richard Lee, National Leader, Technology, Media & Telecommunications Industry Group, Deloitte.
About the Deloitte Technology Green 15TM – The Technology Green 15TMrecognizes Canada’s leading GreenTech companies. GreenTech, the industry term for "green technologies", is taking on greater importance in the world in general, and the world of business in particular. It includes any technology that promotes a more efficient use and re- use of the earth's resources in industrial production and consumption. GreenTech products and services are designed to reduce or eliminate environmental impacts and improve operational performance, productivity, or efficiency while reducing costs, inputs, energy consumption, waste, or pollution. Although many companies within GreenTech industry sectors are very different, they share a common trait: all use new, innovative technology to create products and services that compete with existing products and services on price and performance while reducing impact on the environment.
About the Deloitte Technology Fast 50 TM - The Deloitte Technology Fast 50 TMprogram is Canada’s pre-eminent technology awards program. Celebrating business growth, innovation and entrepreneurship, the program features four distinct categories including the Technology Fast 50TM Ranking, Companies-to-Watch Awards (early-stage Canadian tech companies in business less than five years, with the potential to be a future Deloitte Technology Fast 50 TM candidate,) Leadership Awards (companies that demonstrate technological leadership in four industry subcategories: hardware/semiconductor, software, telecommunications and emerging technologies) and the Deloitte Technology Green 15 TM Awards (Canada’s leading GreenTech companies that promote a more efficient use and re-use of the earth's resources in industrial production and consumption.) Program sponsors include Deloitte, Gowlings, Wellington Financial, TMX Group, HKMB Hub International, National Angel Capital Organization, CVCA, MaRS and IGLOO Software. For further information, visitwww.fast50.ca.
About Tantalus - Tantalus provides two-way, real-time data communications networks to monitor and control electric, gas and water utilities. TUNet® – the Tantalus Utility Network – is an end-to-end WAN/LAN/HAN communications system that operates with 220 MHz RF, 900 MHz, and IP-based networks including Fiber, WiMAX and GPRS/cellular, either individually or in combination. TUNet’s patented and patents pending technologies are purpose built for the Smart Grid. The Tantalus network unites a utility’s applications, making advanced metering, outage management, power quality monitoring, load control, and distribution automation cost-effective and practical throughout both urban and rural service areas. For more information, please visit www.tantalus.com.
Contact:
Josh Seidenfeld
Antenna Group for Tantalus
415.977.1953 | tantalus@antennagroup.com
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