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Tantalus Systems
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Short description

Provider of wireless networks to utilities for advanced metering power quality monitoring and outage management

Founded in 1989
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Company type Public Public (GRID)
Company type

Industry Group energy & power

Sector energy networks

TRL Range 9
TRL 1 Basic research
TRL 2 Technology formulation
TRL 3 Applied research
TRL 4 Small scale prototype
TRL 5 Large scale prototype
TRL 6 Prototype system
TRL 7 Demonstration system
TRL 8 First of a kind commercial system
TRL 9 Full commercial application
TRL Range

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Headquarters Vancouver, BC Vancouver, Canada
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Updated by Sunena Gupta at on 06/02/2025

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Date Company
03/07/2014

Virgin Islands Water and Power Authority (VIWAPA) Virgin Islands Water and Power Authority (VIWAPA)

The US Virgin Islands Water and Power Authority (VIWAPA) has selected the Itron-Tantalus solution for its advanced metering infrastructure (AMI) communications network and smart metering deployment project.

Confirmed by Virgin Islands Water and Power Authority (VIWAPA)
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Date Partner Type
02/04/2019
S&C Electric S&C Electric
Tantalus and S&C will serve as preferred suppliers to each other by working jointly to deliver integrated solutions to the Municipal and Cooperative utility segment.
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Confirmed by S&C Electric
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IPO INFORMATION

Date

02/12/2021

IPO status

Listed

IPO Type

IPO

Amount

$8M

Initial shares

Ticker symbol

GRID

Exchange listed

TSXV

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Date Investors Type Amount
05/08/2024 Cormark Securities Cormark Securities , Canaccord Genuity Canaccord Genuity (2)
Post-money valuation of
6,250,000 common shares from the treasury of the Company, at a price of C$1.60 per Common Share for total gross proceeds of approximately C$10 million. The Offering will consist of 4,937,500 Common Shares.
 Follow-on Public Offering $7,286,824
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