PORT ORANGE, Fla., Sept. 4, 2014 /PRNewswire/ -- Thinspace
Technology Inc. (OTCBB: THNS; "Thinspace or the "Company"), a
global provider of reliable, scalable and affordable application
delivery, virtualization, and cloud client technology to public and
private sector companies and organizations of all sizes, today is
proud to announce that another long-term customer, Power/mation, a
one stop shop for automation solutions for engineers and
manufacturers, has renewed its Propalms TSE maintenance and support
contracts for 100 users. Power/mation has been using Propalms TSE
in 2008.
Commenting on Power/mation's decision to extend TSE maintenance
and support contracts, Jason Goudy,
stated, "We are extremely pleased with the features and
benefits that TSE offers including its affordability, simple
application management, secure remote access, improved end-user
experience, as well as iPad/Android access for BYOD. To stay on the
forefront of automation technology, it is necessary that we are
equipped with the most efficient software to ensure that our
employees can easily access their applications and have no down
time. TSE allows us to conduct our business efficiently and
effectively."
With more than 40 years of automation industry expertise,
Power/mation is a virtual one-stop shop of leading-edge products,
automation solutions and services that provide engineers,
manufacturing companies, and machine builders with a distinct
technological advantage. Power/mation helps businesses improve
their return on investment by providing technology solutions that
solve their most demanding industrial manufacturing challenges.
"Power/mation is a remarkable organization with a long standing
reputation as a leader in the automation industry. We are pleased
that they continue to choose TSE as their software solution and
hope to have them as a customer for many years to come," stated
Chris Bautista, Chief Executive
Officer of Thinspace Technology.
The Company filed its Quarterly Report on Form 10-Q for the
three months ended June 30, 2014 on
August 14, 2014, reporting revenue of
$2.593 million, up 871% from the
comparable 2013 period. For more information on Thinspace's
performance in the second quarter 2014, please see the Company's
most recent Form 10-Q on file with Securities and Exchange
Commission.
Thinspace Technology operates in high growth B2B markets of
application delivery, virtualization and cloud client technology
that make it easier, more flexible and more affordable for
companies and IT Managers to conduct and streamline computing
operations securely from any server - anywhere in the world.
IDC predicts that 2014 is the year where desktop virtualization is
going to become main stream given its advantages currently in
demand: low cost, flexibility, secure and green. According to
Gartner research, the global desk top virtualization market is
expected to surpass $65 billion in 2015.
About Thinspace Technology Inc.
Thinspace Technology Inc (OTC: THNS) "Thinspace" is a
global provider of reliable, scalable and affordable application
delivery, virtualization, and cloud client technology to public and
private sector companies and organizations of all sizes. Operating
on the belief that application delivery and cloud computing
solutions should be flexible, dynamic and above all, simple to
use, Thinspace understands and is passionate about solving
customer problems affordably in the most efficient and effective
manner possible. The Company's list of private and public sector
customers include NASA, PWC, Deutsche Bank, Toyota, as well as,
NHS, local councils, universities, schools, and housing
associations. With over 5,000 enterprise customers worldwide,
Thinspace is recognized as leading player in application delivery,
virtualization, and cloud technology markets. The Company is
headquartered in Port Orange,
Florida with international offices in U.K., Canada, and India. For more information on the Company,
please visit www.thinspace.com.
Forward-Looking Statements:
This press release includes forward-looking statements
concerning the future performance of our business, its operations
and its financial performance and condition, and also includes
selected operating results presented without the context of
accompanying financial results. These forward-looking statements
include, among others, statements with respect to our objectives
and strategies to achieve those objectives, as well as statements
with respect to our beliefs, plans, expectations, anticipations,
estimates or intentions. These forward-looking statements are based
on our current expectations. We caution that all forward-looking
information is inherently uncertain and actual results may differ
materially from the assumptions, estimates or expectations
reflected or contained in the forward-looking information, and that
actual future performance will be affected by a number of factors,
including economic conditions, technological change, regulatory
change and competitive factors, many of which are beyond our
control. Therefore, future events and results may vary
significantly from what we currently foresee. We are under no
obligation (and we expressly disclaim any such obligation) to
update or alter the forward-looking statements whether as a result
of new information, future events or otherwise.
The Company is subject to the risks and uncertainties
described in its filings with the OTC Markets, including the
section entitled "Risk Factors" in its Annual Report on Form 10-K
for the year ended December 31,
2013.
Investor Relations
Email: lauren@choosewindmill.com
Phone: 855-371-3936
SOURCE Thinspace Technology Inc.