Tantalus Announces Peter Londa as President and CEO

  Tantalus Announces Peter Londa as President and CEO

  Smart Grid veteran and former CEO of BPL Global, Ltd. joins leading public
                                power AMI firm

Business Wire

RALEIGH, N.C. -- April 23, 2014

Tantalus, a leading provider of Smart Grid communications, today announced
that its Board of Directors has appointed Peter Londa as President, Chief
Executive Officer, and Board member. Londa joins Tantalus after an extensive
search led by the Chairman of the Board, John McEwen, Co-CEO of Discovery
Capital.

“Tantalus is experiencing a positive growth trajectory, and with the evolution
of our newly enhanced communications platform, TUNet®, the Company is poised
for significant progression,” stated McEwen. “We firmly believe that Pete’s
strong smart grid technology background coupled with his proven track record
of driving operational and growth-oriented objectives make him the ideal
candidate to propel the Company to the next level.”

Londa previously served as the CEO of BPL Global (BPLG), a smart grid company
delivering technology solutions to the electric utility industry with
operations in the United States, Europe, Middle East, India, and China. He was
responsible for planning, directing, and managing all aspects of the Company’s
strategy, operations, engineering, business development, and financing. Londa
was instrumental in executing the sale of BPLG to a division of Danaher
Corporation (NYSE: DHR) in 2013. Londa is a results-driven and
customer-oriented technology executive with strong leadership skills and a
history of delivering substantial corporate performance. Prior to joining
BPLG, he held various positions within world-class investment banking firms
and technology companies including The Chart Group, L.P., Thoughtworks, Inc.,
and SG Cowen.

“I am extremely honored to lead the team at Tantalus,” said Londa. “Tantalus
is on the forefront of delivering AMI solutions to public power utilities, and
the capability and field-proven strength of our platform is unmatched in the
industry. We have all the technological and operational elements in place to
immediately address real utility needs with applications that can improve
operating efficiency and reliability for our customers. My objective is to
ensure that these elements are brought together in a way that maximizes the
quality of the solutions we deliver to our customers, fully leverages the
talent and resources at our Company’s disposal, and maximizes revenue and
profitability to increase value for our shareholders.”

Londa has taken over for outgoing CEO Eric Murray, who transitioned from the
company after a decade in various leadership and executive positions within
Tantalus. Murray was instrumental in accelerating the company’s growth plan,
solidifying Tantalus’ market position as a leading AMI utility partner in
public power, and establishing significant strategic alliances with the
industry’s leading technology providers.

About Tantalus

Tantalus provides two-way, real-time data communications networks to monitor
and control electric, gas and water utilities. TUNet® – the Tantalus Utility
Network – is an end-to-end WAN/LAN/HAN communications system that operates
with 220 MHz RF, 900 MHz, and IP-based networks including Fiber, WiMAX and
GPRS/cellular, either individually or in combination. TUNet’s patented and
patents pending technologies are purpose built for the Smart Grid. The
Tantalus network unites a utility’s applications, making advanced metering,
outage management, power quality monitoring, load control, and distribution
automation cost-effective and practical throughout both urban and rural
service areas. For more information, please visit www.tantalus.com.

Contact:

Tantalus
Laura Wright, 919-538-0732
Marketing Communications Manager
lwright@tantalus.com
www.tantalus.com
 
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