Tantalus Programs CEO Peter Londa talks to Cantech Letter

Peter Londa, CEO of Tantalus Programs (Tantalus Programs Inventory Quote, Chart, Information, Analysts, Financials TSX:GRID), sat down with Jon Erlichman of Ticker Take on the 2025 Cantech Funding Convention to speak about how Tantalus helps to modernize the distribution grid.

In the meantime, analysts are liking what Tantalus is as much as.

Haywood Capital Markets analyst Gianluca Tucci reiterated his “Purchase” ranking on Tantalus in an Oct. 22 notice, saying new British Columbia energy restrictions underscore the corporate’s rising position in North American grid modernization.

PETER LONDA TALKS TO JON ERLICHMAN AT CANTECH

Tucci stated these coverage shifts reinforce the necessity for utilities to spend money on smarter infrastructure as an alternative of merely including capability.

“Jurisdictions that choose out of AI enlargement threat dropping competitiveness and long-term tax income,” he stated. “As electrification accelerates, Tantalus’ TRUSense Gateway offers a data-driven bridge for utilities adapting to unpredictable, high-density hundreds from AI and EV adoption.”

He added that current deployments, together with EPB Chattanooga’s 20,000-unit rollout, validate the product’s scalability and recurring-revenue potential.

“The corporate is at an inflection level with the commercialization of its TRUSense Gateway,” Tucci stated. “It accelerates modernization of the distribution grid and securely integrates behind-the-meter power sources.”

Earlier this 12 months, Beacon Securities analyst Gabriel Leung in a July 30 report maintained a “Purchase” ranking and C$5.50 goal worth, which was primarily based on a 3.5x EV/Gross sales a number of, according to friends.

“We imagine that Tantalus’ utility prospects have been getting ready for the tariff headwinds,” Leung stated. “As such, we don’t anticipate any materials affect on current contracts/deployments, though we are going to see if there’s any potential affect on offers within the pipeline.”

Leung stated he anticipated Tantalus to put up $1.3-million in Adjusted EBITDA on $51.5-million in income for fiscal 2025, enhancing to $2.6-million and $59.5-million, respectively, in 2026.

Cantech Letter founder and editor Nick Waddell has lived in 5 Canadian provinces and is happy with his nation’s typically neglected contributions to the world of science and know-how. Waddell takes a daily shift on the Canadian media circuit, making appearances on CTV, CBC and BNN, and contributing to publications reminiscent of Canadian Enterprise and Enterprise Insider.