New York, NY -- (ReleaseWire) -- 08/08/2016 --Tarsier Ltd (OTCPINK:TAER) has announced today that is has won a 2 year Con Edison (New York City Utility) contract under Con Edison BQDR Program to reduce energy consumption in Brooklyn and Queens, during a crisis event for the electric grid. Tarsier will be using an aggregate of a new state of the art batteries and our patent pending T-flow software, to provide the curtailment.
Isaac H. Sutton, Tarsier's CEO commented, "Con Edison is constantly planning and maintaining their infrastructure to be able to provide electricity reliably to their customers, including during periods of high demand that occur during summer months when temperatures peak and ACs across NYC are at full blast. During such periods, demand for electricity spikes, and extended periods of peak demand puts stress on the grid. To help relieve such stress during peak periods, Con Edison contracts with companies like Tarsier to organize an aggregate of clients to cut back on their energy use for a few hours. Collectively, this limited energy use reduction significantly strengthens grid reliability. Tarsier is very excited to win the Con Edison contract and believes that it has the proper tools necessary to assist the City of New York to reduce their energy crisis. The next 180 days will be a major turning point in the Company's future, which will pave the road to a sustainable, profitable company for all its stakeholders involved."
About Tarsier Ltd.
Tarsier 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, resell electric 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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Source: Uptick Newswire