Q: Based on your previous thoughts on Tantalus systems can you comment on their recent partnership with General Electric and what would be the impact on their future revenues? And can you comment on their unusual spikes in volume on February 22nd and 28th? Big buyers before the spike up?
Thank you
Thank you
5i Research Answer:
While GRID has not effectively commented on what this partnership could add to the top line yet, we think it should be positive given the reach that GE has. GRID reports earnings on March 26th and there should be more specifics of what this partnership will add. The volume spike on the 22nd was likely related to this announcement as this is the day news broke. The only news we see that could have caused the spike on the 28th was that GRID announced the company's earnings release date, but this news came out on the 29th.