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SOURCE Thinspace Technology Inc.
Cost Effective, Easy to Use, Secure Access Solution Remains in Demand
PORT ORANGE, Fla., May 15, 2014 /PRNewswire/ -- Thinspace Technology Inc. (OTCBB: THNS; "Thinspace or the "Company"), formerly known as Vanity Events Holdings and Propalms Ltd., 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 ESAB, a leading developer of a wide range of welding and cutting products, has extended its 7 year relationship with the Company's Propalms TSE product. ESAB selected Thinspace's Propalms TSE product back in 2007 due to its cost effectiveness, ease of use, and ability to provide secure access, which continues to characterize it to this day.
Specializing in welding and cutting products for 110 years, ESAB is best known for being one of the world's leading developers of a wide range of welding and cutting products. The company is the world's largest manufacturer of welding and cutting consumables and equipment, serving an international market of approximately ten billion dollars each year. ESAB is established in 80 countries and operates 26 manufacturing plants across four continents. ESAB has sales offices throughout Asia and Southeast Asia, authorized distributors throughout the regions of Australasia, the Philippines, South Africa, Taiwan, Thailand and Vietnam, manufacturing operations in India, Indonesia, Korea, and the latest consumables factories in Zhangjiagang, and Jiangsu Province in China.
"The extension of long term relationships with customers, like ESAB, validates our value proposition and continued ability to provide our customers with the most cost-effective solutions in the market today. Our ability to build our clientele with ease illustrates not only the success we've had this year, but also the continued demand for our solutions and growth opportunity that lies ahead. We look forward to continuing to do business with ESAB in the future and signing additional customers in the upcoming months," stated Owen Dukes, CEO of Thinspace Technology.
"We are thrilled to continue our relationship with Thinspace. We have multiple locations around the world, and with the help of Thinspace's Propalms TSE, our staff has secure access to information anywhere in the world. Thinspace products help us grow our business and provide customers with cost effective solutions to meet their welding and cutting equipment needs," stated Chee Keong Or of ESAB APAC.
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.
Formerly known as Vanity Events Holdings and Propalms Ltd., 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.
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, and its Quarterly Report on Form 10-Q for the quarter ended December 31, 2013.
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