Largest Film and Retail Entertainment Company in India Chooses Thinspace TSE Over the Competition

PORT ORANGE, Fla., Feb. 2, 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 announced that PVR Cinemas, the largest and the most premium film and retail entertainment company in India, has chosen Thinspace TSE for cost-efficient application delivery over the competition.

Since its inception in 1997, PVR has redefined the way entertainment is consumed in India – operating a cinema circuit comprising of 454 screens in 102 properties located in 43 cities across India. The subsidiaries range from the largest bowling chain in India 'PVR bluO' to the two casual dining restaurants 'Mistral' and 'Mr Hong' under PVR Leisure. The group under the arm of PVR Pictures is into film distribution of non-studio and independent international films in India. The company is also known for cultivating and spreading international movie culture countrywide and supports independent filmmakers under the banner of 'Directors Rare'.

PVR acquired its Cinemax properties in 2012 and currently serves 60 million patrons at PAN India level. From Gold Class and Mainstream Cinemas to Director's Cut, PVR has made exceptional technology like the IMAX® and the ECX (Enhanced Cinema Experience) accessible to its audience. Currently amongst the top 10 cinema companies in the world with respect to admissions per screen, PVR has entered the World Economic Forum's List of Fastest-Growing 'Global Growth Companies'. For more information on PVR Cinemas please visit www.pvrcinemas.com.                                      

Prior to upgrading to Thinspace TSE, PVR has been using a version of Citrix that was outdated and too costly for its growing user base. Moreover, some applications required different server OS for different type of apps and not all platforms were supported with that version.

The IT team found Thinspace TSE to be a cost effective alternative to Citrix to deliver Microsoft Navision ERP application delivery to its distributed user base. TSE displayed similar functionality as Citrix with the support of latest Windows server OS at a fraction of the cost. PVR also appreciated Thinspace's dedicated customer support and easy-to-use web-based management console which is simpler to manage than Citrix.

Chris Bautista, Chief Executive Officer of Thinspace, commented, "PVR is one of our fastest deployments. We had more than 100+ users switched from Citrix to Thinspace within a day.  The simplicity of the solution enabled PVR to see a direct value in our product. PVR also appreciated our dedicated customer support and web-based management console which is easier to manage than our competition."

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.

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SOURCE Thinspace Technology Inc.

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