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September 23, 2010

DELOITTE PICKS TANTALUS FOR TECHNOLOGY FAST 50™ AWARD

Vancouver, BC – September 23, 2010 – Tantalus is honoured to be ranked 31st by Deloitte in the 2010 Technology Fast 50™ awards program, which singles out Canadian technology companies posting the highest percentage revenue growth over five years. Inclusion in the Fast 50 program makes Tantalus eligible for a prestigious Deloitte North American Technology Fast 500 ranking.

Tantalus is a cleantech company experiencing remarkable growth as the demand for Smart Grid systems escalates. Utilities throughout Canada and the U.S., including several recipients of stimulus grants from the U.S. Department of Energy, use Tantalus technology to automate energy management applications. Rapid adoption of Tantalus technology in areas such as the Tennessee Valley and increasing demand for next generation Smart Grid functionality are also fuelling the company’s growth.

The Tantalus Utility Network (TUNet®) is a two-way, near real-time data communications network that enables a utility to precisely monitor energy usage and power quality, instantly pinpoint outages and energy losses, and remotely manage meters and other utility distribution apparatus to ensure that the grid is operating at peak performance. Utilities also use TUNet to interact with their customers in conservation and cost containment initiatives such as load shedding and customer signalling, which can alert homeowners if the price of electricity changes or if there is an urgent need to reduce energy consumption.

Eric Murray, Tantalus President & CEO, said: “This award is shared with our customers – electric, water and gas utilities committed to managing resources intelligently and cost effectively, while maintaining the highest level of customer service possible. Many are early adopters who have been instrumental in the development of our solution and proving its value in some of North America’s most challenging urban and rural operating environments. Their successes are driving our growth.”   

The Deloitte ranking is the fourth major industry award that Tantalus and its customers have received in 2010. Earlier in the year, Tantalus was recognized for its achievement in commercializing a market leading Smart Grid solution by the GLOBE Foundation, Canada’s premier award for business excellence and environmental stewardship. Pulaski Electric System earned awards of excellence from both Metering International and PowerGrid International for the business, operational and customer service benefits it achieved as a result of its Tantalus deployment.

Tantalus was listed among the Deloitte Technology Green 15™ in 2009, an awards program that honors companies which offer technology solutions that deliver a significant environmental impact and demonstrate a compelling return on investment.

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About the Deloitte Technology Fast 50™ Awards Program
Canada’s pre-eminent technology awards program, the Deloitte Technology Fast 50™ celebrates leadership, innovation and excellence in the technology sector. Launched nearly 15 years ago, the Technology Fast 50™ program recognizes the world-class achievements and the tremendous evolution of the Canadian technology sector. The Technology Fast 50™ awards and rankings are presented in distinct categories that characterize and define the unique strengths of Canadian innovation. Combining technological innovation, entrepreneurship and rapid growth, Technology Fast 50™ companies – small, large, public, private – span a variety of industry sectors and are leaders in hardware, software, telecom and emerging areas such as clean technology. The program also augments the broader Deloitte North American Technology Fast 500, as winners are eligible for this prestigious ranking.

A complete list of 2010 winners can be found here: http://en.fast50.ca/winners.

 


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