Dispatches from Las Vegas: Highlights From Analyst Day at Tantalus User Conf.

Research evidence excerpt

Dispatches from Las Vegas: Highlights From Analyst Day at Tantalus User Conf.

Sustainability

Tantalus Systems

TD SECURITIES (USA) LLC EARNINGS UPDATE

May 14, 2026

Price: C$5.76 (05/13/2026) Dispatches from Las Vegas: Highlights From

Price Target: $6.75 Analyst Day at Tantalus User Conf.

BUY (1)

ESG SCORE: 75/100

Jeff Osborne THE TD COWEN INSIGHT

646 562 1391

We headed to Las Vegas for Tantalus' User Conference (TUC), where they hosted their 3rd

jeff.osborne@tdsecurities.com

analyst day. Sentiment among investors in attendance was positive, and we came away

Jeffrey Rossetti impressed with additional software opportunities for growth. We feel more confident about the

646 562 1335 company's growth prospects after speaking with management, several of its customers, and

jeffrey.rossetti@tdsecurities.com

Board members at the event.

John-Anthony Di Tullio

646 562 1432 The key takeaways from the 2026 Tantalus Users Conference (TUC) Analyst & Investor Day

ja.ditullio@tdsecurities.com center on new AI product launches, the commercial momentum of the TRUSense Gateway, the

Key Data company's "Durable Demand" growth model, and an expansion opportunity in Canada as well

Symbol TSX: GRID CN as in the U.S.

Beta: 0.35 Launch of New AI-Enabled Analytics and Services Tantalus announced new additions to its

52-Week Range: C$6.35-C$2.16 TRUGrid Automation Suite designed to help utilities accelerate grid modernization:

Market Cap: C$322.6MM

■TRUGrid Verify: A new AI-enabled analytics application that finds and eliminates hidden

Net Debt (MM): C$(32.4)

errors in grid data (such as GIS and AMI data). By validating feeder assignments, phase

Cash/Share: C$0.14 connectivity, and transformer-to-meter mappings, it creates a trusted data foundation for

Dil.