Tantalus has announced that following back-to-back years of more than 50 percent revenue growth, it has expanded its customer base by adding more than 30 municipal and cooperative utility customers over the last two years. Following the release of its newly enhanced TUNet platform, the company is focused on expanding its offering of data-intensive real-time applications such as prepaid metering, conservation voltage reduction and load control to meet growth projections for 2015.
Additional investments in leadership and resources in customer operations, product marketing and engineering have resulted in the development of regionally based field support teams, expanded IT and data center facilities and the adoption of enhanced product delivery processes. These developments support the rapid market acceptance of TUNet to strategically overlay existing electric, water and gas ERT (Encoder Receiver Transmitter) deployments. This overlay allows utilities to continue to use installed bases of mobile and drive-by ERT meter infrastructure through a cost-effective two-way wireless network. Since its release during Q4 of 2014, this overlay solution has been adopted by 17 municipal and cooperative utilities across North America. To date, TUNet is remotely collecting and delivering daily and hourly interval meter reads from more than 10,000 legacy ERT devices into integrated utility systems such as MDMS and CIS for dynamic analysis.
“In 2005, Tantalus was ahead of the curve in terms of technology development and its willingness to work with us to anticipate the types of challenges that we might face in the future,” said Andrew Mitchell, engineering supervisor for Northeastern Rural Electric Membership Cooperative. “Now, a decade later, it is gratifying to see the successful result of NREMC choosing a partner that has grown to be one of the most successful AMI smart grid providers to the public power and cooperative utility industry. ”
In support of its continued growth, Tantalus recently expanded its corporate headquarters in Vancouver, British Columbia, Canada. The new facilities offer 50 percent more square footage, much of which has been allocated for state-of-the-art product testing facilities, customer technical training facilities and modernized engineering labs. Tantalus will continue to expand in key functional areas to further drive growth in North America as well as strategic expansion into the Caribbean and Latin American markets.