Fortune 500 Subsidiary Renews Thinspace Desktop Virtualization Solution

PORT ORANGE, Fla., March 24, 2015 /PRNewswire/ -- Thinspace Technology Inc. (OTCQB: 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 pleased to announce that in February 2015, Graybar Canada, one of the oldest and largest North American electrical distributors, renewed their Thinspace desktop virtualization solution for the third time.

Graybar Canada, wholesale distributor for thousands of items from leading manufacturers of automation, communication/data, and electrical products, is a subsidiary of Graybar Electric Company Inc., a Fortune 500 company, and one of the oldest and largest North American electrical distributors. Headquartered in Halifax, Nova Scotia and operating in over 30 locations across the country, Graybar Canada is committed to quality through its customer service, products, supply and distribution and performance. For more information on Graybar please visit www.graybarcanada.com.

With several hundred fixed and mobile employees throughout the organization, Graybar needed an efficient and secure method to access corporate applications. Graybar selected Thinspace as their solution to meet their requirements in March 2012 and has renewed their service for the third year.

Corey Richardson, Systems Administrator Graybar Canada commented, "As a Canadian leader in the distribution of electrical and communications & data products, we searched for an application delivery solution that would provide our employees access to numerous applications as well as secure remote access for our mobile work force. It was important for the product to be secure, easy to use, and easy to manage. After testing products from a competitor, we selected Thinspace as the best fit for the 550 users within our environment." 

"Graybar is a technologically advanced organization and their renewal of Thinspace desktop virtualization solutions is a strong validation of the value of our technology and commitment to our customers. We are happy to work with customers that leverage and embrace technology to advance forward," added Gary Walker, Thinspace Sales Director for North America.

Thinspace Technology operates in high growth B2B markets of desktop 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 desktop 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, 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.

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