SOURCE: Tarsier Ltd.


July 19, 2016 13:54 ET

TARSIER Signs Smart City Distributor Agreement

Israeli Optibus Offers Revolutionary Tech for City Buses

NEW YORK, NY--(Marketwired - July 19, 2016) - Tarsier Ltd. (OTC PINK: TAER) has announced entering into a multi country Distributor Agreement with Israeli based Optibus to further its Smart City offering. Israeli company Optibus ( has the solution for bus lines running late while making it easier for public transportation companies to set cost-effective schedules. The company offers a SaaS cloud platform for public transportation companies which optimize the scheduling of vehicles and drivers in real-time. Optibus' super-fast innovative optimization technology is based on patent pending mathematical algorithms, developed together by mathematicians and transportation planning experts. Using Optibus technology, bus operators create full optimal vehicle and crew schedules within seconds. Most of Israel's largest bus operators, as well as large operators from Europe and the US, are already customers. Optibus recently finished a pilot with a large North American operator, showing potential yearly savings of millions of dollars. The agreement calls for a monthly recurring fixed fee per bus, providing a residual income stream for Tarsier and substantial savings for Tarsier clients.

Isaac H Sutton, Tarsier CEO commented, "If you use public buses then you are probably one of millions of people worldwide with the same complaints. How often does it seem like the bus that you need is taking forever to arrive, even though, that line is supposed to come every five minutes? Have you ever waited more than a half hour at a bus stop, only to see three buses of the same line all show up at once? Using the Optibus' technology, the scheduler tests various alternatives in real-time, selecting the best one. Bus operators can save up to 10% of annual Operating Expenses. Tarsier's 2017 goal is to have 10,000 buses using Optibus software generating millions of dollars in saving and recurring monthly revenues for Tarsier. We are looking forward to working with Optibus."

Gady Shlasky, Optibus CEO stated, "Optibus is an essential part of Smart Cities technologies. The urbanization trend requires us to find innovative solutions for cost-effective flexible transportation. Optibus' blazing speed optimization technology offers interactive schedule optimization for the planners, and real-time schedule adjustments for the control room operators. As we prepare for the use of autonomous driving technology to improve cost-efficiency and passengers' service, Dynamic Scheduling Systems (DSS) will be one of the most important pillars. The partnership with Tarsier is an important milestone in our strategy of offering customers a comprehensive smart cities technologies offering."

About Tarsier Ltd.
Tarsier (OTC PINK: TAER) is a New York City based Energy, Big Data and Smart City Solutions Company. Through acquisitions and organic growth, Tarsier plans to manufacture, develop and distribute LED Bulbs and Fixtures, develop and manage Intelligent LED/Smart City products, provide energy audits, resell electric and gas in U.S. deregulated markets and manage energy demand response & battery storage through proprietary software. For more information on Tarsier please visit the Company's web site at

About Optibus Ltd.
Optibus revolutionizes public transportation scheduling and operations by introducing Optibize™ -- an innovative, super-fast optimization technology, which is based on new patent pending algorithms. Optibize™ transforms legacy offline planning and problem handling into an interactive real-time process, thus elevating public transportation companies to operate much more efficiently, reduce cost, and deliver better passenger service. For more information on Optibus please visit the Company's web site at

Safe Harbor Statement
Information in this news release may contain statements about future expectations, plans, prospects or performance of Tarsier Ltd.( the "Company") that constitute forward-looking statements for purposes of the safe harbor provisions under the Private Securities Litigation Reform Act of 1995. The words or phrases "can be," "expects," "may affect," "believes," "estimate," "project," and similar words and phrases are intended to identify such forward-looking statements. The Company cautions you that any forward-looking information provided by or on behalf of the Company is not a guarantee of future performance. None of the information in this press release constitutes or is intended as an offer to sell securities or investment advice of any kind. The Company's actual results may differ materially from those anticipated in such forward-looking statements as a result of various important factors, some of which are beyond the Company's control. In addition to those discussed in the Company's press releases, public filings, and statements by the Company's management, such statements may include, but are not limited to, the Company's estimate of the sufficiency of its existing capital resources, the Company's ability to raise additional capital to fund future operations, the Company's ability to repay its existing indebtedness, the uncertainties involved in estimating market opportunities and, in identifying contracts which match the Company's capability to be awarded contracts. All such forward-looking statements are current only as of the date on which such statements were made. The Company does not undertake any obligation to publicly update any forward-looking statement to reflect events or circumstances after the date on which any such statement is made or to reflect the occurrence of unanticipated events.

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