Burnaby, British Columbia--(Newsfile Corp. - June 12, 2025) - Tantalus Systems (TSX: GRID) (OTCQX: TGMPF) ("Tantalus" or the "Company"), a technology company dedicated to helping utilities modernize their distribution grids by harnessing the power of data, is pleased to announce that Riverside Public Utilities ("RPU"), serving approximately 180,000 electric and water customers throughout Riverside, California, has selected Tantalus as its technology partner to expand its grid modernization efforts. The deployment represents a major step forward for RPU to improve the reliability and resiliency of its distribution grid.
In 2019, RPU entered into an agreement with Tantalus to begin executing its 10-year strategic plan, called Utility 2.0, which was designed to address many challenges facing RPU and the utility industry. One of RPU's original goals for Utility 2.0 was to extend the life of the utility's existing encoder receiver transmitter ("ERT") metering infrastructure while laying the foundation to embrace sustainability initiatives and reliably enhance their customers' experience.
Initially, RPU deployed Tantalus' ERT-overlay capabilities to automate the reading of its existing ERTs without having to remove and replace existing infrastructure. The insights gathered through the initial investment in Tantalus' technology led their team to approve a multi-year project to replace 80,000 legacy ERT devices with advanced metering infrastructure at a time that was best for the utility. This undertaking represents the largest ERT-to-AMI migration in Tantalus' history.
"Over the past several years, our utility extended the useful life of our infrastructure through Tantalus' ERT-overlay offering," said Jennifer Tavaglione, Manager, Technology Innovation from RPU. "By allowing us to expand the value from our existing infrastructure while still making progress towards grid modernization, we were able to allocate resources to other important initiatives and upgrades. Tantalus' flexibility and willingness to collaborate with our team throughout our grid modernization journey is a testament to their commitment to meeting utilities where they are and not forcing premature replacements of existing infrastructure."
The partnership between RPU and Tantalus demonstrates how utilities can effectively transition from legacy systems to advanced solutions while aligning upgrades to their respective priorities and timelines. By leveraging existing infrastructure and modernizing their grid at their own pace, RPU took a strategic approach that additional utilities are embracing in planning for grid modernization initiatives.
"Grid modernization is a journey, and it's been a privilege to support the team at RPU as they leveraged our ERT-reading capabilities to extend the life of their useful assets," said Peter Londa, President & CEO of Tantalus. "Migrating to a full deployment of our TRUConnect solution is the next step in RPU's grid modernization journey, and we are honored to extend our partnership and look forward to helping their team harness the power of data to address the increasing challenges confronting the distribution grid in California."
For more information about the Tantalus Grid Modernization Platform (TGMP) and TRUConnect AMI, please visit https://tantalus.com/grid-modernization-platform/. To learn more about Riverside Public Utilities, visit https://www.riversideca.gov/utilities/.
About Tantalus Systems Holding Inc. (TSX: GRID) (OTCQX: TGMPF)
Tantalus is a technology company dedicated to helping utilities modernize their distribution grids by harnessing the power of data across all their devices and systems deployed throughout the entire distribution grid. We offer a grid modernization platform across multiple levels: intelligent connected devices, communications networks, data management, enterprise applications and analytics. Our solutions provide utilities with the flexibility they need to get the most value from existing infrastructure investments while leveraging advanced capabilities to plan for future requirements. Learn more at http://www.tantalus.com/.
Forward-Looking Statement:
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 effectiveness of Tantalus' solutions in supporting the grid modernization efforts of utilities and improving the reliability and resiliency of the distribution grid, how utilities can leverage existing infrastructure to make informed decisions, how harnessing the power of data addresses the increasing challenges confronting the distribution grid in California, 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 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 news release is expressly qualified in its entirety by this cautionary statement.
Contact Tantalus:
Jacquie Hudson
Marketing Communications Manager
613-552-4244 | jhudson@tantalus.com
Website: www.tantalus.com
LinkedIn: LinkedIn/company/tantalus
To view the source version of this press release, please visit https://www.newsfilecorp.com/release/255295
SOURCE: Tantalus Systems Holding Inc.
