RiseTech Capital Corp. ('RiseTech') announced that it has entered into a letter of intent dated September 8, 2020 (the 'LOI') with Tantalus Systems Holding Inc., pursuant to which RiseTech and Tantalus (each, a 'Party', and, together, the 'Parties') have agreed to complete a plan of arrangement, merger, amalgamation, share exchange and/or other similar transaction (the 'Transaction'), whereby RiseTech will acquire all of the issued and outstanding shares of Tantalus (each, a 'Tantalus Share', and, collectively, the 'Tantalus Shares'). RiseTech is a capital pool company ('CPC') as defined under Policy 2.4. It is expected that RiseTech (following closing of the Transaction, referred to as the 'Resulting Issuer') will be listed on the Exchange as a Tier 1 Technology issuer. Following the Closing, the management and Board of Directors of the Resulting Issuer will each be comprised of the current management team and Board of Directors of Tantalus and one director of RiseTech. Management - Peter Londa - President & Director - Pete Londa is a seasoned smart grid technology executive with over 20 years of experience in leadership roles who joined Tantalus as President &Chief Executive Officer in 2014. Pete is also a director of Tantalus. Prior to joining Tantalus, Pete served as the Independent Chair of the Board of Directors for World Energy Solutions Inc. Dermot O'Leary - Chief Operating Officer - Dermot O'Leary is a 40-year veteran of the utility industry, with expertise in all aspects of strategic planning, product development, manufacturing and supply chain processes, customer deployments, business development, contracting, and international business, and currently serves as Chief Operating Officer of Tantalus. Hugo Hodge - Executive Vice President & General Manger, Caribbean Basin - Hugo Hodge serves as Executive Vice President and General Manager of the Caribbean Basin for Tantalus. Hugo has dedicated his career to the success of utilities and most recently served as Chief Executive Officer of the Virgin Islands Water &Power Authority prior to joining Tantalus. Michael Julian - Executive Vice President, Sales and Marketing - Mike Julian currently serves as Executive Vice President, Sales and Marketing of Tantalus. Mike Julian leads Tantalus' sales organization and is responsible for growing Tantalus' revenue profile and market presence across the public power and electric cooperative utility market segment throughout North America. Michael Grandis - General Counsel and Corporate Secretary - Mike Grandis currently serves as the General Counsel of Tantalus and is responsible for all legal matters across the company and its affiliates. He oversees contracting, corporate governance, partnerships, intellectual property, employment, compliance and other transactional matters, as well as serving as a strategic member of the senior leadership team. Prior to joining Tantalus, Mike was a corporate partner in the New York law office of Loeb &Loeb LLP where he also acted as outside general counsel to Tantalus for several years. Board of Directors - Laura Formusa - Chair and Director - Laura Formusa has more than 30 years of experience in the utilities industry and is currently the Chair of the Board of Directors of Tantalus. She served as President and Chief Executive Officer of Hydro One Inc. from 2007 until her retirement at the end of 2012. Dr. Francis Harvey - Director - Dr. Francis Harvey is currently a director of Tantalus. He served as the 19th Secretary of the United States Army from November 2004 to March 2007. As the Secretary, Dr. Harvey was responsible for the Department of the Army's annual budget and supplemental of over $200 billion. Tom Liston - Director - Tom Liston is a director of RiseTech (TSXV: RTCC.P) and WELL Health Technologies. Mr. Liston is a technology investor and advisor. He is the founder of Water Street Corp. and currently serves on the Board of Directors for several public and private technology companies, and has a strong track record of shareholder value creation in that capacity. Prior to his current role, he was the Chief Investment Officer of a leading technology-focused venture capital firm, which provided growth capital to late-stage private companies with a focus on technology, media and healthcare. Peter Londa - Director. John McEwen - Director - John McEwen is a co-founder of Discovery Capital and a director of the BC Discovery Fund (VCC) Inc., as well as currently a director of Tantalus. He has worked with nearly 200 technology companies, and serves on several investee company boards of directors.