There’s a new clean tech company on the market in Tantalus Systems (Tantalus Systems Stock Quote, Chart, News, Analysts, Financials TSXV:GRID), a provider of smart grid solutions that just debuted on the TSX Venture exchange on Wednesday. Burnaby, BC’s Tantalus is a utility power tech company with solutions for advanced metering, demand response, data analytics, distribution and automation, street lighting control systems and conservation for water and electric utilities across North America. The company’s customer base features more than 185 utilities.
Capital pool company RiseTech acquired all of Tantalus as part of a qualifying transaction, with Tantalus having recently closed on a private placement for approximately $10 million.
Tantalus was recognized by Export Development Canada this past November as a Cleantech Export Star, signalling its positive impact as one of five tech companies to receive the recognition in 2020.
Read more: CANTECH LETTER
See related news release: Tantalus Announces Commencement of Trading on the TSX Venture Exchange