Another Customer Win for Thinspace Technology

PORT ORANGE, Fla., Feb. 17, 2015 /PRNewswire/ -- Thinspace Technology Inc. (OTCQB: THNS) ("Thinspace" or the "Company"), a global provider of reliable, scalable and affordable application delivery, virtualization, and cloud computing technology to public and private sector companies and organizations of all sizes, today is pleased to announce that Scarborough Public Library in Trinidad and Tobago has selected Thinspace Technology for its desktop virtualization solutions.

The Public Library Service began in Port of Spain, Trinidad in 1851. The Scarborough Public Library is one of twenty-five public libraries in Trinidad and Tobago backed by the mission "to provide an international standard of service that delivers equitable access to information in all formats through highly capable and motivated staff, utilizing state-of-the-art technologies and facilities to support the developmental and recreational needs of Trinidad and Tobago."

Massy Technologies, a leading Caribbean-based IT company, is helping the Trinidad and Tobago Public Library Service transform into an information-driven organization with their technological expertise and innovation.  Massy Technologies provides best-of-breed and best-fit solutions and have selected Thinspace's hardware end points and desktop virtualization software platform. This solution will provide library employees and customers with virtual desktops to access library applications and programs. Centrally managed virtual desktops will simplify the administration of several computing devices throughout the Scarborough library, providing the library staff with more time to spend with customers and less time fixing computers.

Chris Bautista, Chief Executive Officer of Thinspace, commented, "Customers will have a better user experience as virtual desktops provide the same familiar experience as with PCs and due to the simplicity and affordability of our desktop virtualization solution, more end point devices will be available throughout the library."

He added, "Their unwavering commitment to their mission to provide equitable access to information through outstanding staff and state-of-the-art technologies is clear. We're honored that they selected Thinspace solutions and are confident our technology will help them fulfill their mission in the most affordable and effective manner possible."

Thinspace Technology operates in high growth B2B markets of desk top virtualization and cloud computing solutions – which 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.  Thinspace achieved third quarter 2014 revenue of $2.322 million, and nine months ended September 30, 2014 revenue of $5.701 million, representing year-over-year improvements of 464% and 479%, respectively.

Gartner research predicts the global desk top virtualization market to surpass $65 billion in 2015.

About Thinspace Technology Inc.

Thinspace Technology Inc. is a leading, global provider of reliable, scalable and affordable desk top virtualization and cloud computing solutions to public and private sector enterprises and organizations of all sizes. Operating on the belief that 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. With over 5,000 enterprise customers worldwide, the Company is recognized as leading provider in its market with  customers that include NASA, PWC, Deutsche Bank, Toyota, as well as NHS, local councils, universities, schools, and housing associations., The Company is headquartered in Port Orange, Florida with international offices in U.K., Canada, and India.

For more information on Thinspace, please visit www.thinspace.com and/or sign up for Company news alerts delivered right to your inbox. For industry related news and updates, be sure to follow Thinspace on Facebook, Twitter, and LinkedIn.

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 Securities and Exchange Commission, including the section entitled "Risk Factors" in its Annual Report on Form 10-K for the year ended December 31, 2013.

Investor Relations
Email: [email protected]
Phone: 855-371-3936

SOURCE Thinspace Technology Inc.

Related Links

http://www.thinspacetechnology.com

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