Business
Tantalus Enters into Reseller Agreement with Canadian-Based Jesstec Industries
Agreement will expand Tantalus' presence across the Canadian utility industry Burnaby, British C...
About this update from Tantalus Systems Holding Inc
[{"type":"text","content":"Tantalus Enters into Reseller Agreement with Canadian-Based Jesstec IndustriesAgreement will expand Tantalus' presence across the Canadian utility industryBurnaby, British Columbia--(Newsfile Corp. - May 30, 2023) - Tantalus Systems (TSX: GRID) (\"Tantalus\" or the \"Company\"), a smart grid technology company focused on helping build sustainable utilities for the future, is pleased to announce that the Company entered into a reseller agreement with Jesstec Industries Inc. (\"Jesstec\"). The agreement expands Tantalus' commitment to the Canadian utility industry while providing Jesstec with the ability to offer industry-leading smart grid solutions to existing and prospective utility customers. \"Jesstec is excited to include Tantalus' smart grid technology among our growing capabilities to offer best-of-breed solutions to support Canadian utilities,\" said Scott Borland, Vice President of Jesstec Industries Inc. \"With over forty years of experience, Jesstec has successfully established itself as a trusted vendor to utilities across Canada. Through our sales and service offices located across the country, we look forward to offering Tantalus' solutions, including the recently announced TRUSense™ Gateway, C.IQ software and data analytics, to modernize the distribution grid and help Canadian utilities prepare for the energy transition.\" Driven by ambitious decarbonization goals, the Canadian utility industry is seeking to surgically migrate to solutions that not only prepare for the future but are also backward compatible with legacy infrastructure. To modernize the grid, utilities are seeking to integrate distributed energy resources, such as inverters for roof-top solar panels, storage solutions and electric vehicle chargers, in a versatile and secure manner. According to a recent study published by the Northeast Group, the Canadian utility industry represents the 10th largest market on a global basis to upgrade metering infrastructure and digitize the distribution grid. Driven largely by the AMI 2.0 refresh cycle, Canadian utilities are forecasted to deploy in excess of eight million AMI meters by 2027. With advancements in edge computing that can deliver power quality analytics and control of devices located behind-the-meter, the Tantalus solution offered through Jesstec provides a purpose-built smart grid solution th...