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March 24 2010

GLOBE Awards Tantalus Top Honors for Technology Innovation

Vancouver, BC – March 24, 2010 – Success in developing and commercializing Smart Grid technology earned Tantalus a 2010 GLOBE Award for Environmental Excellence in the category of Technology Innovation and Application.

Tantalus was recognized by the GLOBE Foundation, Canada’s premier awards program acknowledging business excellence and environmental stewardship, for its achievement in establishing the Tantalus Utility Network (TUNet®) as a market leading Smart Grid solution. Tantalus technology enables electric, gas and water utilities to automate the way they monitor and manage their distribution networks, and serves as the communications platform for interactive conservation programs.

Eric Murray, Tantalus’ President & CEO, said this award validates Tantalus’ product vision and the company’s efforts to make the energy system more efficient and environmentally friendly. The GLOBE Award for Innovation and Application is given to a company able to translate an innovative concept into a successful commercial product that acts to substantially reduce environmental impacts while contributing to overall efficiency and operational improvement.

“Tantalus pioneered the development of two-way, real-time data communications networks for the utility sector. Long before the term ‘Smart Grid’ was coined, we set out to design a system that could help utilities manage every meter and every endpoint on their network, help stabilize fluctuating energy demand, and deal more efficiently with operating and maintenance challenges.”

What started as a sketch on a clean sheet of paper is now technology deployed at utilities across North America, and has set industry standards for functionality and reliability, Murray added. It also provides a pathway to Distributed Generation, load control and other advanced applications that empower consumers to make informed decisions on when they purchase energy so they can lower costs and play an active role in conservation.

This is the third industry award Tantalus and its customers have received this month, with Pulaski Electric System earning awards of excellence from both Metering International and Power Grid Magazine for the business, operational and customer service benefits it achieved as a result of a Tantalus deployment.

“Winning these awards is a tremendous accomplishment for the company, and our investors as well as our customers who believe in our vision of the Smart Grid,” said Murray. “It’s great to see our efforts paying off in outstanding results at customer sites and our company’s on-going business success.”

More information about the GLOBE Awards can be found at: http://www.theglobeawards.ca/


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