Keiser University Renews License for Thinspace Desktop Virtualization Solution and Increases Rollout to More Students

PORT ORANGE, Fla., Nov. 10, 2014 /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 its long-time customer, Keiser University, a private university that provides educational programs at the undergraduate and graduate levels in traditional and online delivery formats, has renewed their license for Thinspace's affordable desktop virtualization solution for over 600 VDI desktops and 180 cloud desktops

Keiser University was founded by the Keiser family to meet the need for hands-on career education in small classes. This student-friendly concept has remained at the foundation of the Keiser mission and continues to attract students who enjoy a more personal learning environment. With its main campus located in Fort Lauderdale, Florida, and 14 additional campuses located in other parts of Florida, Keiser currently has enrollment at 19,000 student and offers nearly 100 doctoral through associate degrees..

With over 20 desktop Computer Labs supporting a wide variety of academic curriculum, Keiser was looking for a solution that would allow students to access critical information supporting their course of study, without having to invest the money into traditional desktops, and without having IT staff devote costly time and labor to "re-imaging" desktops in their Computer Labs. Moreover, Keiser wanted a solution that would help reduce power consumption and IT Admin costs during a campus wide Budget Reduction initiative.

Thinspace Technology met all of Keiser's requirements, providing a desktop solution that was low in cost, achieved over 80% power reduction, and allowed them the ability to centrally manage 700 desktops from one location. The installation has been in place for 5 years and running. Keiser's Return on Investment (ROI) was accomplished with a payback in less than 2 years. Thinspace Technology recently implemented a new Cloud-based Solution, delivering Office 2013 and Windows 8 to several of the Keiser University Computer Labs supporting the 2014 Keiser University Curriculum.

"Our students and professors require and demand the "Best of Breed" technology. It is our responsibility to support and deliver what is requested, while trying to keep costs manageable and within budget. Thinspace Technology has been instrumental in our efforts to reduce costs, while delivering the technology our faculty and students require," stated Andrew Lee, CIO & Vice-Chancellor, Keiser University.

Chris Bautista, Chief Executive Officer Thinspace Technology, commented, "Keiser University, a loyal customer for over 5 years now, has always remained on the leading edge of learning and implementing new technology. They clearly understand how to leverage smart technology and are capitalizing on the economically and operationally salutary effects of desktop virtualization."

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.

Thinspace Technology Inc. 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 a 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.

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.

Investor Relations
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SOURCE Thinspace Technology Inc.

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