Thinspace Increases Customer Base in South America

PORT ORANGE, Fla., July 23, 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 its strategic partner in Peru, Tecnosys has established new contracts with two government organizations in Peru.

Thinspace and Tecnosys recently signed up two government contracts with the ANA (National Water Administration) and Sedapal (Water Supply for Lima City). With several thousand government employees, these government organizations use Thinspace solutions to deploy, manage, and administer thousands of virtual desktops and applications throughout the government infrastructure. The Thinspace solution combined with the professional service capability of Tecnosys simplify the technical complexities of delivering desktop and application virtualization.

Antonio Macchiavello, General Manager of Tecnosys stated, "In the last 5 years as Tecnosys has focused virtualization solutions on government accounts, our customers find that Thinspace solutions add value to their daily operations and find it is more cost-effective than other solutions in the market, such as Citrix or Graphon."

"With a strong virtualization partner like Tecnosys, we are able to go-to-market and win large contracts such as the government of Peru. Tecnosys and Thinspace continue to work together very well, successfully delivering desktop and application virtualization to new and existing customers throughout the region," commented Thinspace CEO, Chris Bautista.

About Tecnosys S.A.
Founded in 1992, Tecnosys is a Peruvian company specializing in best-of-breed virtualization solutions.  Tecnosys currently has over 150 customers using Thinspace solutions ranging from 5 users to over 2,000 users. With a strong channel program, Tecnosys helps Thinspace reach new customers every year. Tecnosys customers such as Banco de Materiales (Non-profit Banking), Sedapal (Water Supply for Lima City), Contraloria de la Republica (Controllers Office), Autoridad Nacional del Agua (National Water Administration) and Poder Judicial (Peru's Justice System with 2,000+ users and growing) trust Thinspace solutions.

About Thinspace Technology Inc.
Thinspace operates in high growth B2B markets of application and desktop virtualization and cloud computing solutions – which make it easier, more scalable and more affordable for companies and IT Managers to conduct and streamline computing operations securely from any server - anywhere in the world. Thinspace achieved 2014 annual revenue of $6.267 million as compared to $1.509 million in 2013, a year-over-year improvement of 315%.

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, 2012, and its Quarterly Report on Form 10-Q for the quarter ended September 30, 2014.

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SOURCE Thinspace Technology Inc.

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