BURNABY, BC – April 27, 2021 – Smart grid technology leader Tantalus Systems (TSXV:GRID) announced today the Measurement Canada certification of the Tantalus TRUEdge® Intelligent Endpoint Module with the Landis+Gyr FOCUS® AXe residential meter. The integrated meter and module are now available to the Canadian electric utility market. With this factory-integrated meter, utilities across Canada will be able to gain the benefit from Tantalus’ proven TRUEdge communications and edge-computing capabilities, industry-leading grid reliability data analytic tools and robust energy management solutions. The FOCUS AXe meter has a recognized and established track record of leading functionality and reliability in the Canadian market.
TRUEdge modules deliver meter interoperability and exceptional value to help utilities improve the efficiency, reliability and sustainability of their distribution grids. With the Measurement Canada certification, Tantalus is positioned to deliver an integrated FOCUS AXe meter to Canadian utilities which can benefit from Tantalus’ multi-commodity solutions, including advanced metering infrastructure (AMI), power quality analytics and grid-edge solutions. FOCUS AXe meters incorporate a motor-driven, cam-action switch that provides safe and reliable remote service disconnect and reconnect capabilities. Tantalus customers will benefit from core metering capabilities available in the FOCUS AXe, including net metering, on-request reads, demand reset data and management, programmable rolling and block demand, interval voltage readings, sags and swells, as well as robust outage and restoration reporting.
“Given our 30-year history in British Columbia, we are looking forward to expanding our presence across the Canadian electric utility market in conjunction with the Landis+Gyr FOCUS AXe meter,” said Peter Londa, President & CEO of Tantalus. “Our purpose is to help utilities transform their grids to a multi-directional network capable of responding to events, integrating distributed energy resources and improving customer support. We believe this integrated solution represents a powerful sensor with data collection capabilities at the meter, enabling further automation, control and data analytics solutions to improve the resiliency of the Canadian electric distribution grid.”
Tantalus is a smart grid technology company that transforms aging one-way grids into future-proofed multi-directional grids that improve the efficiency, reliability and sustainability of public power and electric cooperative utilities and the communities they serve. Our solutions are purpose-built to allow utilities to restore power quickly after major disruptions, adapt to rapidly shifting consumer expectations and population shifts, innovate new solutions based on the adoption of distributed energy resources and evolve their grid infrastructure at their own pace without needless cost or complexity. All this gives our user community the flexibility they need to get the most value from existing infrastructure investments while planning for future requirements.
TRUEdge® is a registered trademark of Tantalus Systems Corp. All third-party trademarks are property of their respective owners and any usage herein does not suggest or imply any relationship between Tantalus and the third party unless expressly stated.
Forward Looking Statements:
Neither TSX Venture Exchange nor its Regulation Services Provider (as that term is defined in the policies of the TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of this news release.
This news release includes information, statements, beliefs and opinions which are forward-looking, and which reflect current estimates, expectations and projections about future events, including, but not limited to, the development, functionality and effectiveness of the TRUEdge Intelligent Endpoint Module, and other statements that contain words such as “believe,” “expect,” “project,” “should,” “seek,” “anticipate,” “will,” “intend,” “positioned,” “risk,” “plan,” “may,” “estimate” or, in each case, their negative and words of similar meaning. By its nature, forward-looking information involves a number of risks, uncertainties and assumptions that could cause actual results or events to differ materially from those expressed or implied by the forward-looking information. These risks, uncertainties and assumptions could adversely affect the outcome and financial effects of the plans and events described herein. Readers should not place undue reliance on forward-looking information, which is based on the information available as of the date of this news release and Tantalus disclaims any intention or obligation to update or revise any forward-looking information contained in this new release, whether as a result of new information, future events or otherwise, unless required by applicable law. The forward-looking information included in this new release is expressly qualified in its entirety by this cautionary statement.