Tantalus Systems Holding GRID.TO · CAD
Information Technology · Toronto Stock Exchange · 🇨🇦 Canada
4.53
+5.10%
Close of 9 Nov 2026, in CAD
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About Tantalus Systems Holding
Its shares trade on Toronto Stock Exchange under the ticker GRID.TO. It has been listed since 21 November 2018. In the fiscal year to 31 December 2025, it reported revenue of $55.1m and a net loss of $1.0m. At that date it held total assets of $43.1m and shareholders' equity of $7.5m.
Tantalus Systems Holding, Inc. provides mission-critical smart grid solutions that include a market edge computing platform, robust software applications and an advanced IoT communications network. The company is headquartered in Burnaby, British Columbia. The company went IPO on 2018-11-21. The company develops, manufactures, and markets two-way data communications networks for electric, water and gas utilities. Its solutions include industrial Internet-of-Things (IoT) smart grid network, edge-computing endpoints, and a suite of enterprise software applications that are used across all departments within a utility and artificial intelligence (AI)-enabled data analytics to help utilities actively anticipate and manage their grid. Its solutions are purpose-built to allow utilities to restore power quickly after major disruptions. The company operates through two segments: Connected Devices and Infrastructure, and Utility Software Applications and Services. Its TUNet platform offers a suite of products of smart grid applications for multi-commodity utilities.
Figures and description from our data supplier, not checked against the company's own report.
Company facts
- Sector
- Information Technology
- Industry
- Electronic Equipment, Instruments & Components
- Listed since
- 21 Nov 2018
- Employees
- 115
Leadership
Pay as last reported
- Ms. Laura FormusaIndependent Chairman of the BoardC$79,037
- Mr. Peter LondaPresident, Chief Executive Officer, Director, since 2021C$1.1m
- Mr. Azim LalaniChief Financial Officer
- Mr. Christopher AllenChief Operating Officer, Executive Vice President - Solution Strategy
- Mr. Michael GrandisChief Legal and Administrative Officer, General Counsel, Corporate SecretaryC$647,953
- Mr. Param PawarVice President - Finance
- Mr. Tom AllenVice President - Product Development
- Mr. Harold HankelVice President - Manufacturing
- Mr. Douglass CampbellChief Solution OfficerC$494,820
- Mr. Michael JulianChief Revenue OfficerC$562,330
- Ms. Susanna ZagarDirector
- Dr. Francis HarveyIndependent DirectorC$51,004
Environmental, social and governance
Scores out of 100, from our data supplier
- Overall
- 0
- Environment
- 0
- Social
- 0
- Governance
- 0
SWOT analysis
AI-generated by our data supplier. Not written or checked by our editors.
Strengths
- Tantalus Systems Holding Inc's TUNet platform provides smart grid applications for multi-commodity utilities.
- The company's edge-computing endpoints enable utilities to restore power quickly after disruptions.
- Tantalus develops and markets two-way data communications networks for electric, water, and gas utilities.
Weaknesses
- The company has 115 employees, which may limit scalability in the Information Technology sector.
- Burnaby, British Columbia, is a smaller city that may not attract top talent compared to major tech hubs.
- Tantalus operates through two segments, Connected Devices and Infrastructure, and Utility Software Applications and Services.
Opportunities
- The growing demand for smart grid solutions in the Electrical Equipment industry presents expansion potential.
- The Information Technology sector's growth in Canada offers opportunities for Tantalus to scale operations.
- The company's AI-enabled data analytics can be leveraged to address new utility management challenges.
Threats
- The Electrical Equipment industry faces competition from established players in the Information Technology sector.
- Regulatory changes in utility management could impact Tantalus's market edge computing platform.
- The Information Technology sector's rapid innovation may require significant R&D investment to keep pace.
Sources and methodology
- Data on this tab
- Our data supplier
- Chart on the Overview
- TradingView
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