$TAER Acquires Smart City Software for Real Time E
Post# of 98042
Posted On: 02/11/2016 9:31:11 AM
$TAER Acquires Smart City Software for Real Time Energy Management
Major New York Client Earned $1.3 Million in 2015 Utilizing the Platform
NEW YORK, NY--(Marketwired - January 28, 2016) - Tarsier Ltd. (OTC PINK: TAER), announced today that it has finalized an acquisition of patented energy management software formerly known as "Grid Daemon." The acquisition includes adopting an existing contract with a major NY industrial client which generated revenues over $1.3 million in 2015, as a result of the platform's performance.
"The transaction is a leap forward for Tarsier as they will now be one of three companies with the ability to earn large industrial clients (such as factories, hospitals and schools) large sums of cash by:
seamlessly connecting them to the nation's electrical grid
managing their facilities energy usage in real-time
providing the grid access to their facilities unneeded electric power during rare, but extreme periods of demand
Our technical team plans on updating the platform to enhance its performance even more and our sales and marketing team will relaunch it under the new name 'T-Flow,'" said Cory Rosenberg, the Company's Chief Marketing Officer.
"In order to be effective in energy savings, we need to better engage with, and manage, the growing amounts of data we now have access to. The T-Flow software provides us a tremendous amount of information on the flow of energy to and from the power source (e.g. the nation's grid, micro-grids, back-up batteries, generators, etc.). We analyze and use that data to help gain efficiencies in the flow of electricity and optimize efficiency by managing usage during peak times, when electricity costs are higher. T-Flow is a perfect example how information provides businesses with new found revenue and at the same time making our electrical infrastructure more efficient," stated Tarsier's CEO Isaac H Sutton. Mr. Sutton further commented, "We are now focused on adding more clients to the T-Flow platform and building Tarsier's revenues."
About Tarsier Ltd.
Tarsier is a New York City based Energy, Big Data and Smart City Solutions Company. Through acquisitions and organic growth, Tarsier plans to manufacture, develop and distribute LED Bulbs and Fixtures, develop and manage Intelligent LED/Smart City products, provide energy audits, re-sell electricity and gas in U.S. deregulated markets and manage energy demand response & battery storage through proprietary software. For more information on Tarsier please visit the Company's web site at www.tarsierltd.com.
Safe Harbor Statement
Information in this news release may contain statements about future expectations, plans, prospects or performance of Tarsier Ltd.( the "Company"
that constitute forward-looking statements for purposes of the safe harbor provisions under the Private Securities Litigation Reform Act of 1995. The words or phrases "can be," "expects," "may affect," "believes," "estimate," "project," and similar words and phrases are intended to identify such forward-looking statements. The Company cautions you that any forward-looking information provided by or on behalf of the Company is not a guarantee of future performance. None of the information in this press release constitutes or is intended as an offer to sell securities or investment advice of any kind. The Company's actual results may differ materially from those anticipated in such forward-looking statements as a result of various important factors, some of which are beyond the Company's control. In addition to those discussed in the Company's press releases, public filings, and statements by the Company's management, such statements may include, but are not limited to, the Company's estimate of the sufficiency of its existing capital resources, the Company's ability to raise additional capital to fund future operations, the Company's ability to repay its existing indebtedness, the uncertainties involved in estimating market opportunities and, in identifying contracts which match the Company's capability to be awarded contracts. All such forward-looking statements are current only as of the date on which such statements were made. The Company does not undertake any obligation to publicly update any forward-looking statement to reflect events or circumstances after the date on which any such statement is made or to reflect the occurrence of unanticipated events.
Major New York Client Earned $1.3 Million in 2015 Utilizing the Platform
NEW YORK, NY--(Marketwired - January 28, 2016) - Tarsier Ltd. (OTC PINK: TAER), announced today that it has finalized an acquisition of patented energy management software formerly known as "Grid Daemon." The acquisition includes adopting an existing contract with a major NY industrial client which generated revenues over $1.3 million in 2015, as a result of the platform's performance.
"The transaction is a leap forward for Tarsier as they will now be one of three companies with the ability to earn large industrial clients (such as factories, hospitals and schools) large sums of cash by:
seamlessly connecting them to the nation's electrical grid
managing their facilities energy usage in real-time
providing the grid access to their facilities unneeded electric power during rare, but extreme periods of demand
Our technical team plans on updating the platform to enhance its performance even more and our sales and marketing team will relaunch it under the new name 'T-Flow,'" said Cory Rosenberg, the Company's Chief Marketing Officer.
"In order to be effective in energy savings, we need to better engage with, and manage, the growing amounts of data we now have access to. The T-Flow software provides us a tremendous amount of information on the flow of energy to and from the power source (e.g. the nation's grid, micro-grids, back-up batteries, generators, etc.). We analyze and use that data to help gain efficiencies in the flow of electricity and optimize efficiency by managing usage during peak times, when electricity costs are higher. T-Flow is a perfect example how information provides businesses with new found revenue and at the same time making our electrical infrastructure more efficient," stated Tarsier's CEO Isaac H Sutton. Mr. Sutton further commented, "We are now focused on adding more clients to the T-Flow platform and building Tarsier's revenues."
About Tarsier Ltd.
Tarsier is a New York City based Energy, Big Data and Smart City Solutions Company. Through acquisitions and organic growth, Tarsier plans to manufacture, develop and distribute LED Bulbs and Fixtures, develop and manage Intelligent LED/Smart City products, provide energy audits, re-sell electricity and gas in U.S. deregulated markets and manage energy demand response & battery storage through proprietary software. For more information on Tarsier please visit the Company's web site at www.tarsierltd.com.
Safe Harbor Statement
Information in this news release may contain statements about future expectations, plans, prospects or performance of Tarsier Ltd.( the "Company"
that constitute forward-looking statements for purposes of the safe harbor provisions under the Private Securities Litigation Reform Act of 1995. The words or phrases "can be," "expects," "may affect," "believes," "estimate," "project," and similar words and phrases are intended to identify such forward-looking statements. The Company cautions you that any forward-looking information provided by or on behalf of the Company is not a guarantee of future performance. None of the information in this press release constitutes or is intended as an offer to sell securities or investment advice of any kind. The Company's actual results may differ materially from those anticipated in such forward-looking statements as a result of various important factors, some of which are beyond the Company's control. In addition to those discussed in the Company's press releases, public filings, and statements by the Company's management, such statements may include, but are not limited to, the Company's estimate of the sufficiency of its existing capital resources, the Company's ability to raise additional capital to fund future operations, the Company's ability to repay its existing indebtedness, the uncertainties involved in estimating market opportunities and, in identifying contracts which match the Company's capability to be awarded contracts. All such forward-looking statements are current only as of the date on which such statements were made. The Company does not undertake any obligation to publicly update any forward-looking statement to reflect events or circumstances after the date on which any such statement is made or to reflect the occurrence of unanticipated events.
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