Thinspace Technology (OTCBB: THNS) Signs Propalms TSE Software Distribution Agreement with Networking Division of Toyota Group Company Has Long Term & Active Relationship with Toyota Group PR Newswire PORT ORANGE, Fla., March 10, 2014 PORT ORANGE, Fla., March 10, 2014 /PRNewswire/ -- Thinspace Technology Inc. (OTCBB: THNS; "Thinspace or the "Company"), formerly known as Vanity Events Holdings and Propalms Ltd., a global provider of reliable, scalable and affordable application delivery, virtualization, and cloud client technology to public and private sector companies and organizations of all sizes, today is excited to announce that it has signed a distribution agreement with TT Network Integration (Thailand) Co. Ltd., the networking division of the Toyota Group. From their worldwide network support center in Bangkok, Thailand, Toyota Group's TT Network Integration will supply and support Thinspace's Propalms TSE Software, not only to all subsidiary companies within the Toyota Group, but also to other Japanese companies around the world. Thinspace has been a solid and active supply chain partner to the Toyota Group's networking division, TT Integration Co. Ltd., since 2007. Currently, TT Integration is supplying and supporting Thinspace's Propalms TSE software to several enterprise customers and Toyota Group subsidiaries in Thailand and Japan including: Denso International; Toyota Motor Asia Pacific Engineering & Manufacturing; Dusit Thani Public Company Limited; Daiwa Kasei (Thailand) Co Ltd; Ewel Co Ltd; and Toyota Tsusho M&E Co Ltd. Hirotoshi Watanabe, President of Toyota Networks, commented, "It is our creed to build and deliver the most effective and reliable network infrastructure combined with service excellence to our customers. We are truly committed to supporting our clients' business and technology needs that will help them grow in the future. I am very excited about the distribution contract and feel that there is a need for the Propalms TSE to deliver applications in a cost effective manner in Thailand and to the rest of the Toyota Group." Thinspace's Propalms TSE software was selected by Toyota Group for a variety of reasons including: oLocalized in Japan and has a proven record selling into and supporting Japanese companies. oExtremely cost effective and reduces the total cost of ownershipfor large companies. oCentralizes deployment and management applications, which allows Toyota to run new software applications on old personal computers because all applications are run centrally on the server and not on user desktops. oCapable of delivering one application or multiple applications seamlessly to users. oAllows shadowing of an application where a centrally based support team can actual see, in real time, what a user is doing within the application.This means that someone based at offices in Thailand could, through the Propalms TSE Web based console, support someone working from home in the U.S. or train that person on a new application. oProvides secure remote access to applications, which allows users to access their applications from anywhere at any time without having to be in the office. oAllows remote printing, which allows users to print to a printer that is located in the office while they are not in the office. It also allows them to automatically pick up settings of new local printers. Thinspace's Propalms TSE software is extremely cost effective and dramatically reduces the total cost of ownership for large corporations. It cuts costs for companies by eliminating the need to buy new personal computers since all applications are run centrally on the server (and not on user desktops), and by reducing technical support and desktop costs via utilization of its 'session shadowing' feature. Not only is it easy to install and manage, but also it allows companies to roll out new applications to 1,000 users in minutes and ensure secure remote access to applications for employees working on the road and at home. Owen Dukes, Chief Executive Officer of Thinspace Technology Inc., commented, "While the benefits of our software are wide-ranging, the important ones are at the epicenter. The Toyota Group, like many other large and small corporations, is constantly exploring ways to improve operational efficiency and its cost structure, while also deploying only the best product and network infrastructure to their subsidiaries and customers. We couldn't be more pleased that they continue to recognize the overarching benefits and value proposition our software affords their subsidiaries and customers in Japan and Thailand, and look forward to expanding our reach to their Japanese customers across the globe." About Thinspace Technology Inc. Formerly known as Vanity Events Holdings and Propalms Ltd., Thinspace Technology Inc. (OTC: THNS) "Thinspace" is a global provider of reliable, scalable and affordable application delivery, virtualization, and cloud client technology to public and private sector companies and organizations of all sizes. Operating on the belief that application delivery and cloud computing solutions should be flexible, dynamic and above all, simple to use,Thinspace understands and is passionate about solving customer problems affordably in the most efficient and effective manner possible. The Company's list of private and public sector customers include NASA, PWC, Deutsche Bank, Toyota, as well as, NHS, local councils, universities, schools, and housing associations. With over 5,000 enterprise customers worldwide, Thinspace is recognized as a leading player in application delivery, virtualization, and cloud technology markets. The Company is headquartered in Port Orange, Florida with international offices in U.K., Canada, and India. For more information on the Company, please visit www.thinspacetechnology.com. Forward-Looking Statements: This press release includes forward-looking statements concerning the future performance of our business, its operations and its financial performance and condition, and also includes selected operating results presented without the context of accompanying financial results. These forward-looking statements include, among others, statements with respect to our objectives and strategies to achieve those objectives, as well as statements with respect to our beliefs, plans, expectations, anticipations, estimates or intentions. These forward-looking statements are based on our current expectations. We caution that all forward-looking information is inherently uncertain and actual results may differ materially from the assumptions, estimates or expectations reflected or contained in the forward-looking information, and that actual future performance will be affected by a number of factors, including economic conditions, technological change, regulatory change and competitive factors, many of which are beyond our control. Therefore, future events and results may vary significantly from what we currently foresee. We are under no obligation (and we expressly disclaim any such obligation) to update or alter the forward-looking statements whether as a result of new information, future events or otherwise. The Company is subject to the risks and uncertainties described in its filings with the Securities and Exchange Commission, including the section entitled "Risk Factors" in its Annual Report on Form 10-K for the year ended December 31, 2012, and its Quarterly Report on Form 10-Q for the quarter ended September 30, 2013. SOURCE Thinspace Technology Inc. Website: http://www.thinspacetechnology.com Contact: Investor Relations, firstname.lastname@example.org, 855-371-3936
Thinspace Technology (OTCBB: THNS) Signs Propalms TSE Software Distribution Agreement with Networking Division of Toyota Group
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