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
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
oExtremely cost effective and reduces the total cost of ownershipfor large
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
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.
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.
Contact: Investor Relations, firstname.lastname@example.org, 855-371-3936
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