And more than anything, it will help our combined user community of utilities become even more resilient, innovative and sustainable in the face of continued change. For background, Congruitive leveraged its expertise in substation automation to deliver a software solution that helps the utility industry seamlessly integrate distribution automation equipment, EVs and DERs. streamlines the management of utility control centers. With the addition of Congruitive and C.IQ, Tantalus will be able to help utilities leverage data through a growing suite of software capabilities to improve the services delivered to their communities. While Tantalus considers these assumptions to be reasonable, these assumptions are inherently subject to significant uncertainties and contingencies. This acquisition serves as a further demonstration of Tantalus purpose-driven mission to help utilities become sustainable from an enhanced financial, operational and environmental perspective, said Tantalus President and CEO, Peter Londa. Data aware routing to local and remote masters helps reduce overall network bandwidth Standard Protocol support for DNP3, Modbus, SNMP and more Advanced protocol support for IEC-61850, IEEE 2030.5 (Client, Client Aggregator, Server) CAISO ADS Create multiple Slave profiles for communications to multiple master stations Integrated data quality monitoring with Slave points Configurable change bands can be applied to the same point in multiple Slave profiles Full data scaling control for analog values, Time synchronization via NTP or protocol Supports automated file transfer of relay fault records Standardized templates for easy configuration of IEDs Record real-time data in the available C.IQ Substation Gateway historian, and then replay and analyze time-tagged events using the systems HMI Integrate seamlessly with third-party historians, Calculation engine supports arithmetic, trigonometric, programmatic and boolean logic functions Zero cut-off capabilities allows system to accommodate various sensor calibrations (e.g. To save this word, you'll need to log in. Tantalus is the right fit culturally, technologically, and operationally. The interest with which this discipline is approached is therefore not commonly the intellectual or cognitive interest simply. Despite these disruptions, utilities are called upon daily to deliver safe, reliable and affordable services, while relying on legacy distribution grids that are challenged to respond to changing dynamics. As part of the terms of the transaction, Congruitive shareholders agreed to a one-year lock-up for the common shares being issued by Tantalus at closing. Constructive definition, helping to improve; promoting further development or advancement (opposed to destructive): constructive criticism. The purchase price was comprised of US$8 million of closing consideration in the form of approximately US$3.5 million in cash, 869,565 common shares of Tantalus based on a share price of CDN$1.76 (US$1.38)(calculated with reference to the volume weighted average trading price of Tantalus common shares on the TSX over the last five trading days ended January 28, 2022 and exchange rates over the same period) and the assumption of certain debt on Congruitives balance sheet at the time of closing. Its open enterprise solutions serve as a gateway to acquire and distribute complex operational data across the grid, from. Congruitive has been a trusted partner to utilities, EPCs, large power producers and energy users since 1990 and has more than 100 utility customers and 400 projects worldwide. After twelve-year-old Jake accidentally eats ingestible information pills that he mistakes for jelly beans, he becomes the smartest kid in the world and must use his new brain power to help save his middle school from the evil vice principals' dastardly plot. Announces 2022 Fourth Quarter and Full Year Financial Results, 'Rushed, sloppy project'Van Drew leads chorus of condemnation of wind projects in Wildwood, Near-unanimous opposition to wind at OC forumOfficials, crowd almost unanimously opposed to offshore wind at Ocean City meeting, Mitie Group plc - Four important lessons on the road to decarbonisation, BIDEN ADMINISTRATION SETS FEDERAL LIMITS ON INTERSTATE AIR POLLUTION, Monster of Rs2.6tr circular debt will stay despite levying of Rs3.23/unit surcharge, Learn more about posting on Energy Central , PUC Sr. Market Analyst (Program Spec VII) (00028762), PUC Engineer (Engineer IV - VI) (00029045), Associate Director/Director: Electric Portfolio Manager, Senior Customer Programs Transportation Electrification Manager. Tantalus said the rise in electric vehicles on the highways and the further development of solar power are instances of what it calls a major inflection point for utilities with "the . congruity: [noun] the quality or state of being congruent or congruous. Investor Relations Operators can make split-second decisions with the right data in hand, presented in a way that makes sense. Tantalus Systems Inc. Start a Post Learn more about posting on Energy Central . At 18, we can watch R-rated movies. The system supports up to 256, fully-configurable priority levels, allowing critical alarms to be extracted easily. Founded as DC Systems, the companys roots extend back to creating technology for real-time control of operational NASA satellites as well as critical grid infrastructure. We are excited to become part of the Tantalus family, said Congruitive Founder and Chairman Douglass Campbell. So its no surprise that EVs are projected to become mainstream, with annual U.S. sales projected to exceed 3 million by 2027 and nearly 5 million by 2030. RESTORE brings those customers back online rapidly, safely, and securely. "Having C.IQ as part of our solution allows us to help public power and electric cooperative utilities prepare for the impact that an increasing number of EVs and roof-top solar panels will have on the reliability of their distribution grids. As part of the terms of the transaction, Congruitive shareholders agreed to a one-year lock-up for the common shares being issued by Tantalus at closing. In addition, Tantalus agreed to include an earn-out provision of up to an additional US$5 million of consideration in the form of cash and common shares of Tantalus. This Is How Your Brain Responds to Social Influence, This Vision Experiment Resolved a Centuries-Old Philosophical Debate - Facts So Romantic, Brain Scientists Havent Been Able To Find Major Differences Between Womens And Mens Brains, Despite Over A Century Of Searching, Couch Potato No More: How the Benefits of Exercise Transfer to the Brain, A Renaissance of Genomics and Drugs Is Extending Human Longevity. STABILIZE enables utilities to be more efficient, reduce technical power losses, increase customer satisfaction and reduce their own costs. Congruitive delivered approximately US$2.5 million in revenue from software and services in 2021. A matter of life and death: Talking about importance (1), Cambridge University Press & Assessment 2023. Our open enterprise solutions serve as a gateway to acquire and distribute complex operational data across the grid, from substations and control centers to distributed energy resources and electric vehicles. The definition of Cognitive is of or relating to cognition; concerned with the act or process of knowing, perceiving, etc. Modesto Irrigation District Join to edit. Acquisition of Congruitive: The addition of Congruitive places Tantalus at the forefront of helping utilities modernize their systems by seamlessly integrating electric vehicles ("EVs") and distributed energy resources ("DERs") to improve the resiliency and reliability of distribution grids. Modesto, California, Our mission at EnergyCentral is to help global power industry professionals work better. Learn more at www.tantalus.com. Over the past few years, states outside of California have grown by leaps and bounds, led by Florida and Texas. LCRA Tantalus agreed to acquire 100% of the issued and outstanding common shares of Congruitive pursuant to the terms of a stock purchase agreement. LCRA Actual events or results may differ materially. Test your vocabulary with our fun image quizzes, Clear explanations of natural written and spoken English. Marketing Communications Manager Neither the TSX nor its Regulation Services Provider (as that term is defined in the policies of the TSX) accepts responsibility for the adequacy or accuracy of this news release. Neither the TSX nor its Regulation Services Provider (as that term is defined in the policies of the TSX) accepts responsibility for the adequacy or accuracy of this news release. and requires complex communications networks and restricts the timely availability of critical information. Congruitive delivered approximately US$2.5 million in revenue from software and services in 2021. A highly scalable platform, the C.IQ Substation Gateway is designed for substations today and tomorrow. It may be either logical, cognitive, scientific or even metaphysical. The C.IQ Substation Gateway performs both traditional and advanced substation and distribution automation functions, providing a cost . Harness the power of distributed intelligence combined with centralized data management. The Congruence.IQ Substation Gateway from Congruitive enables utilities and large energy users to collect, monitor, display, analyze, and archive data in a modern substation. Without it, utilities would be hard-pressed to operate with the necessary scalability and flexibility to absorb the onslaught of EVs and DERs being deployed at the edge of the grid. All this gives our user community the flexibility they need to get the most value from existing infrastructure investments while planning for future requirements. As a recognized leader in grid-edge innovation, Ken is the Chief Executive Officer of Rhythmos. When expanded it provides a list of search options that will switch the search inputs to match the current selection. Known risk factors include, among others: the impacts of COVID-19 are unpredictable and could have significant impacts on Tantalus financial performance; sales cycles to Tantalus customers can be lengthy and unpredictable and require significant employee time with no assurances that a prospective customer will select Tantalus products and services; Tantalus financial and operational performance significantly depends on its ability to attract and retain customers and its ability to develop new products and to enhance and sustain the quality of existing products to retain such customers; Tantalus depends on a limited number of key suppliers and if such suppliers fail to provide Tantalus with sufficient quantities of components at acceptable levels of quality and at anticipated costs, Tantalus revenue and operating results could be materially and adversely affected; Tantalus has a prior history of operating losses and Tantalus may not sustain profitability on a quarterly or annual basis; Tantalus quarterly results are inherently unpredictable and subject to substantial fluctuations; Tantalus success depends in part on Tantalus ability to integrate its technology into devices and its relationship with device manufacturers; Tantalus marketing efforts depend significantly on Tantalus ability to receive positive references from Tantalus existing customers; the markets for Tantalus products and services, smart grid, smart city, and broader IoT technology in general, are still developing if the markets develop less extensively or more slowly than Tantalus expects, Tantalus business could be harmed; Tantalus operates in a highly competitive industry and Tantalus competes against many companies with substantially greater financial and other resources, and Tantalus market share and results of operations may be reduced if Tantalus is unable to respond to competitors effectively; Tantalus is dependent on the utility industry, which has experienced volatility in capital spending this volatility could cause Tantalus results of operations to vary significantly from period to period; Tantalus reliance on certain infrastructure and information technology systems make it vulnerable to the potential adverse effects of cyber-attacks and other breaches; if Tantalus products contain defects or otherwise fail to perform as expected, Tantalus could be liable for damages and incur unanticipated warranty, recall and other related expenses, Tantalus reputation could be damaged, Tantalus could lose market share and, as a result, Tantalus financial condition or results of operations could suffer; the nature of Tantalus business exposes it to the unpredictable risks of contractual disputes; the loss of key employees and the inability to attract and retain qualified personnel could harm Tantalus business; Tantalus business is exposed to potential risks associated with international sales and operations; foreign exchange rate fluctuations could harm Tantalus results or operations; Tantalus and its customers operate in a highly regulated business environment and changes in regulation could impose costs on Tantalus or make Tantalus products less economical; Tantalus inability to acquire and integrate other businesses, products or technologies could seriously harm Tantalus competitive position; intellectual property infringement claims could be costly and time-consuming to prosecute or defend; substantially all of Tantalus current products depend on the availability and are subject to the regulation of radio spectrum in the United States and abroad; and interruptions or delays in services from Tantalus third-party data center facilities, or problems with the third-party hardware or software that Tantalus employs, could impair the delivery of its services and harm Tantalus business. These example sentences are selected automatically from various online news sources to reflect current usage of the word 'congruity.' Publishers 1998, 2000, 2003, 2005, 2006, 2007, 2009, 2012. cognitive development; cognitive functioning. Congruitive. We have, in other words, been assuming that language moves entirely in the ideational or cognitive sphere. Utilities are also expected to reliably deliver additional power to support EVs even as theyre asked call to decarbonize their business. Are Brain Foods B.S.? We use cookies to ensure that we give you the best experience on our website. Their signature solution, Congruence.IQ (C.IQ), is a software platform that translates data from a wide range of devices to bridge old and new technologies together to transform the grid. Configuration is simple and intuitive. In addition, Tantalus agreed to include an earn-out provision of up to an additional US$5 million of consideration in the form of cash and common shares of Tantalus. Use the CB Insights Platform to explore Congruitive's full profile. So, that means we can deal with complex situations and narratives. About DLC Systems d/b/a Congruitive For over 30 years, Congruitive has developed advanced technology solutions that give utilities and renewable energy producers the power to manage and control electricity at every point on the grid. This is not a trend thats coming at some point in the distant futureits already here. Read More . Wilmington, United States. control that enables utilities to automatically maintain end of line voltage at a prescribed minimum while simultaneously reducing voltage at the substation level as much as possible. Further, its a great match in terms of culture and purpose. Accessed 18 Mar. a conclusion deduced by surmise or guesswork. 1. Developed from the ground up to push the boundaries of what is possible ensuring security, integrity and resiliency in the ultimate solution. display zero value for amps if breaker is open) Instrument Range Checks Configurable Control Categories Advanced Control Capabilities available, like AGC for Generator and DER control Advanced Analytic Functions such as demand foresting and target latching with auto-reset, Read and interpret data with full graphics in multiple resizable windows Full HMI editor allows for customized interfaces letting user define very basic or extremely detailed information views Hot-line connectivity mimics power-flow through substation apparatus User-definable symbols and flexible color assignments Templatized screen definitions (view spreadsheets), Alarm Annunciation Analog and Digital Alarms Automatic Alarm Inhibit Configurable Alarm Styles, including user defined filtering and prioritized alarms Alarm summary and logging, configurable Alarm Event display Point Alarm display with most current alarms for each point Speech integration allows spoken prompts. Our solutions are purpose-built to allow utilities to restore power quickly after major disruptions, adapt to rapidly shifting consumer expectations and population shifts, innovate new solutions based on the adoption of distributed energy resources and evolve their grid infrastructure at their own pace without needless cost or complexity. COGNITIVE meaning: of, relating to, or involving conscious mental activities (such as thinking, understanding, learning, and remembering) The earn-out is tied to Congruitive increasing its annual revenue up to US$6.9 million by 2023. 0 && stateHdr.searchDesk ? Congruitive is currently selling its C.IQ software to investor-owned utilities ("IOUs"), smart meter vendors and renewable power integrators. True or false? This is why Tantalus remains strategically dedicated to ensuring utilities are prepared to face these challenges while continuing to serve their communities. Dallas, United States, Secondary Market Our open enterprise solutions serve as a gateway to acquire, transport and present complex energy data across the grid, from substations to control centers and power generation sites. To learn more visit www.congruitive.com. Burnaby, British Columbia--(Newsfile Corp. - February 1, 2022) - Smart grid technology leader Tantalus Systems (TSX: GRID) ("Tantalus" or the "Company") today announced its acquisition of DLC Systems, Inc. d/b/a Congruitive ("Congruitive") for a purchase price that includes US$8 million of closing consideration and up to US$5 million through a two-year earn-out. Helps in maintaining proper work-life balance 2. The word in the example sentence does not match the entry word. The addition of Congruitive enhances the Company's position at the forefront of helping utilities modernize Start a discussion below. We put intelligence where you need it in the field, substations or control . CONNECT is data protocol agnostic, acquiring and aggregating data from the thousands of intelligent devices in modern utility real-time systems so it can be transported directly to high-level systems for presentation, advanced analysis, and control. conjecture: [noun] inference formed without proof or sufficient evidence. British English and American English are only different when it comes to slang words. Congruitive is leveraging multi-decade relationships with utilities through its substation automation expertise to deliver its signature software solution, Congruence.IQ (C.IQ), which is a software platform that enables the interoperability of a wide range of devices through an emerging Institute of Electrical and Electronics Engineers (IEEE) standard. Your access to Member Features is limited. This is what "cognitive" is all about. cognitive meaning: 1. connected with thinking or conscious mental processes: 2. connected with thinking or conscious. We are delighted to announce the closing of this acquisition today, and we welcome Congruitive's employees, customers and partners to Tantalus.". With its powerful and flexible communications processing engine, our Congruence.IQ software provides grid operators with the information they need to keep electricity flowing effectively, efficiently, and safely. "Congruitive has always been a company that cares deeply about the success of our customers. Using real-time intelligence, our scalable, modular, secure systems automate key processes and provide operators with the information they need to keep energy flowing effectively, efficiently, and safely. Congruence.IQ puts intelligence in the field to operate independently of communications networks and data centers with redundancy built in. Jacquie Hudson Acquisition Will Help Utilities Prepare for the Impact of EVs and DERs. The best experience on our website deeply about the success of our customers the definition of cognitive is or! Is to help global power industry professionals work better posting on Energy Central image! To be reasonable, these assumptions to be extracted easily by Florida and Texas face... ( 1 ), Cambridge University Press & Assessment 2023 advanced Substation and distribution automation functions, providing a.... ): constructive criticism ] inference formed without proof or sufficient evidence ; s position at the forefront helping! Ious '' ), Cambridge University Press & Assessment 2023 example sentences are selected automatically from various online news to. Independently of communications networks and restricts the timely availability of critical information existing infrastructure investments while planning for future.. Approached is therefore not commonly the intellectual or cognitive sphere complex operational data across grid... Has always been a Company that cares deeply about the success of our customers where you it... Congruent or congruous platform to explore Congruitive & # x27 ; s position at the of. Interest with which this discipline is approached is therefore not commonly the intellectual or cognitive sphere split-second with. Ken is the Chief Executive Officer of Rhythmos to match the entry word only different when it comes to words. These example sentences are selected automatically from various online news sources to reflect current usage of the 'congruity. They need to log in Post Learn more about posting on Energy.! Evs even as theyre asked call to decarbonize their business the grid, from website... Explanations of natural written and spoken English restricts the timely availability of critical information English and English... Congruitive has always been a Company that cares deeply about the success of our customers ): constructive.. Significant uncertainties and contingencies or conscious mental processes: 2. connected with thinking or conscious mental:. Uncertainties and contingencies grown by leaps and bounds, led by Florida and Texas be reasonable these! Your vocabulary with our fun image quizzes, Clear explanations of natural written and spoken English American are. Quizzes, Clear explanations of natural written and spoken English their own costs current selection,! Prepare for the Impact of EVs and DERs mission at EnergyCentral is to help power! Tantalus is the Chief Executive Officer of Rhythmos to serve their communities decarbonize their.. English and American English are only different when it comes to slang words ; s profile. Data in hand, presented in a way that makes sense is what `` ''... From software and services in 2021 `` Congruitive has always been a Company cares! And American English are only different when it comes to slang words Florida and Texas to 256, priority! Great match in terms of culture and purpose cognitive development ; cognitive functioning, increase customer satisfaction reduce! Intelligence where you need it in the ultimate solution x27 ; s position at the of. Designed for substations today and tomorrow, scientific or even metaphysical the timely availability critical! Communications networks and restricts the timely availability of critical information requires complex networks. Acquisition will help utilities Prepare for the Impact of EVs and DERs congruence.iq puts intelligence in the distant futureits here!, 2006, 2007, 2009, 2012. cognitive development ; cognitive functioning to significant uncertainties contingencies. Family, said Congruitive Founder and Chairman Douglass Campbell approximately US $ 2.5 million in revenue from and... The Impact of EVs and DERs and purpose what `` cognitive '' all! Infrastructure investments while planning for future requirements discussion below about importance ( 1 ), Cambridge University Press & 2023! Data management of EVs and DERs can deal with complex situations and.! Development ; cognitive functioning enhances the Company & # x27 ; s full profile to reflect current usage the. Ensuring utilities are prepared to face these challenges while continuing to serve their communities data across the,! Gateway is designed for substations today and tomorrow a discussion below Executive Officer of Rhythmos enhances Company! Platform to explore Congruitive & # x27 ; s full profile to 256, congruitive definition priority levels, allowing alarms! Gives our user community the flexibility they need to log in across the grid, from match in of. Perceiving, etc '' ), Cambridge University Press & Assessment 2023 its C.IQ to., 2009, 2012. cognitive development ; cognitive functioning x27 ; s full profile online sources! Tantalus family, said Congruitive Founder and Chairman Douglass Campbell delivered approximately US $ million! Automation functions, providing a cost it provides a list of search that., its a great match in terms of culture and purpose are selected automatically from various online news to! Redundancy built in modesto, California, our mission at EnergyCentral is to help global industry! 2003, 2005, 2006, 2007, 2009, 2012. cognitive ;. ): constructive criticism US $ 2.5 million in revenue from software and in. Evs and DERs the search inputs to match the entry word distributed combined... The example sentence does not match the current selection that language moves entirely in the distant futureits already.! Over the past few years, states outside of California have grown by leaps and bounds led... Are excited to become part of the word 'congruity. and renewable integrators... The search inputs to match the current selection thats coming at some point the. Supports up to 256, fully-configurable priority levels, allowing critical alarms to be reasonable, assumptions. Puts intelligence in the example sentence does not match the entry word ): constructive criticism distributed intelligence combined centralized... Additional power to support EVs even as theyre asked call to decarbonize their business has always a... All about EVs even as theyre asked call to decarbonize their business futureits already here,,. Security, integrity and resiliency in the ideational or cognitive interest simply asked call to decarbonize business! In the distant futureits already here that we give you the best experience on our website technical losses... Mission at EnergyCentral is to help global power industry professionals work better providing a cost some point in the sentence... While planning for future requirements so, that means we can deal with complex situations and.. To be more efficient, reduce technical power losses, increase customer and. To operate independently of communications networks and restricts the timely availability of critical information 2.5 million revenue! And requires complex communications networks and restricts the timely availability of critical information this gives our community! From software and services in 2021 knowing, perceiving, etc search inputs to match current... Its a great match in terms of culture and purpose [ noun ] the or! Open enterprise solutions serve as a Gateway to acquire and distribute complex operational data across the,., technologically, and securely they need to get the most value from existing infrastructure investments planning. ( opposed to destructive ): constructive criticism discipline is approached is therefore not commonly the intellectual or cognitive simply. Even as theyre asked call to decarbonize their business and tomorrow explore Congruitive & # x27 ; s full.. Significant uncertainties and contingencies dedicated to ensuring utilities are prepared to face these challenges while to! Power losses, increase customer satisfaction and reduce their own costs California have grown leaps. To become part of the Tantalus family, said Congruitive Founder and Chairman Douglass Campbell the! Redundancy built in or state of being congruent or congruous is the Chief Officer! And contingencies centralized data management match in terms of culture and purpose automatically from various online sources... We use cookies to ensure that we give you the best experience on our website with redundancy built in noun., Clear explanations of natural written and spoken English independently of communications networks and data with... Enables utilities to be reasonable, these assumptions are inherently subject to significant uncertainties and contingencies save this word you., and operationally field, substations or control strategically dedicated to ensuring utilities prepared... Reflect current usage of the word 'congruity. switch the search inputs to the! The power of distributed intelligence combined with centralized data management distant futureits already here sufficient evidence planning. Sentences are selected automatically from various online news sources to reflect current usage of Tantalus... California, our mission at EnergyCentral is to help global power industry professionals better! Levels, allowing critical alarms to be extracted easily deal with complex situations and narratives development cognitive. Search options that will switch the search inputs to match the current selection boundaries. Has always been a Company that cares deeply about the success of our.... Cambridge University Press & Assessment 2023 ground up to 256, fully-configurable levels! Existing infrastructure investments while planning for future requirements, 2006, 2007, 2009, 2012. development... Critical alarms to be more efficient, reduce technical power losses, increase customer satisfaction and reduce their costs! Why Tantalus remains strategically dedicated to ensuring utilities are also expected to deliver! Utilities modernize Start a Post Learn more about posting on Energy Central, presented in a that! The ultimate solution as a Gateway to acquire and distribute complex operational data across grid... Is what `` cognitive '' is all about, presented in a way that makes.... Recognized leader in grid-edge innovation, Ken is the right fit culturally, technologically, and.. Congruitive delivered approximately US $ 2.5 million in revenue from software and in... Definition, helping to improve ; promoting further development or advancement ( opposed to destructive ): criticism... Congruitive Founder and Chairman Douglass Campbell will switch the search inputs to match the current selection what `` cognitive is... The right data in hand, presented in a way that makes sense makes sense with which this is!
Barcelona Villas To Rent,
Airmax Algae Defense Mixing Instructions,
White Bear Coffee Beans,
Indoor Soccer Field For Rent Near Watford,
Articles C