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Investing.com - Raymond (NSE:RYMD) James has reiterated an Outperform rating on Tantalus Systems (TSX:GRID) with a price target of C$3.25, following the company’s announcement of a new contract win.
Tantalus Systems revealed that EPB, a long-standing partner and member of its TRUSense Gateway advisory committee, plans to deploy TRUSense Ethernet Gateways (TEGs) across its service territory.
The announcement represents the first major deployment of the TRUSense Gateway product, providing marketplace validation for what Raymond James expects to be a major driver for Tantalus moving forward.
This contract follows several weeks of new signings for both Tantalus’s legacy hardware business and its TRUGrid Analytics platform, demonstrating momentum across multiple product lines.
Raymond James noted that as a hardware-enabled-software business, Tantalus is making progress in both the hardware and software segments of its operations.
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