July 14, 2008
Titan Energy Worldwide Announces Three New Orders to Supply Emergency Power Systems
Titan Energy Worldwide (OTCBB: TEWI) announced today that its subsidiary, Titan Energy Systems, has been awarded three new contracts to supply commercial emergency power systems to customers in Iowa, Wisconsin & Minnesota. Titan Energy Systems is a full line sales and service provider of power generation equipment with headquarters in Minnetonka, Minnesota and satellite offices in Nebraska and Iowa.
The purchase orders are expected to contribute $138,760 in revenues that will be realized when the completed systems are shipped.
Titan has received an order for two 200kW diesel generator standby units to supply emergency power to the Sara Lee Foods facility located in Storm Lake, Iowa. These systems incorporate a 6.8 liter diesel engine supplied by Generac Power Systems, Inc. of Waukesha, Wisconsin and will be installed outdoors in a sound attenuated weather-proofed enclosure. These engine generators can run for 24 hours without refueling their 438 gallon double walled fuel tank. Both systems outputs will be 240 volts, controlled by Generac GTS automatic transfer switches, rated at 1000 amp.
Titan has also received an order to supply emergency power to the University of Wisconsin - Superior campus library, the Jim Dan Hill Library, as part of a major renovation project starting in July of 2008. Titan will supply a natural gas 130kW standby generator system manufactured by Generac Power Systems. This unit will be installed outdoors in a Level II Sound Enclosure for quiet operation and powered by a 6.8 liter natural gas engine. There will be (2) 150 amp GE/Zenith automatic transfer switches installed with the unit to continually monitor the incoming utility to quickly restore power should an outage occur.
In addition, Titan Energy Systems received an order for a natural gas 35 kW emergency power system to the Chu Vision Institute of Edina, Minnesota. The standby unit will supply back up power to the state-of-the-art eye center, and per code, will provide emergency power to the medical facility within 10 seconds of an outage.
About Titan Energy Worldwide, Inc.
Titan Energy is a leader in the manufacturing, marketing and servicing of energy generation products and services, a major participant in the distributed, renewable, and alternative energy industries, and a leader in the development and support for new energy-related technology. Founded in 2005, Titan combines engineering expertise, established sales and distributorships, service operations and unique strategic partnerships to meet the growing global demand for clean, efficient, energy solutions. Titan serves disaster recovery first responders, relief agencies, homeland security, the department of defense and municipalities. For more information, visit the company's website at www.titanenergy.com.
Investors are cautioned that certain statements contained in this document as well as some statements in periodic press releases and some oral statements of TEWI officials are "Forward-Looking Statements" within the meaning of the Private Securities Litigation Reform Act of 1995 (the "Act"). Forward-looking statements include statements which are predictive in nature, which depend upon or refer to future events or conditions, which include words such as "believes,""anticipates,""intends,""plans,""expects," and similar expressions. In addition, any statements concerning future financial performance (including future revenues, earnings or growth rates), ongoing business strategies or prospects, and possible future TEWI actions, which may be provided by management, are also forward-looking statements as defined by the Act. Forward-looking statements involve known and unknown risks, uncertainties, and other factors which may cause the actual results, performance or achievements of the Company to materially differ from any future results, performance, or achievements expressed or implied by such forward-looking statements and to vary significantly from reporting period to reporting period. Although management believes that the assumptions made and expectations reflected in the forward-looking statements are reasonable, there is no assurance that the underlying assumptions will, in fact, prove to be correct or that actual future results will not be different from the expectations expressed in this report. These statements are not guarantees of future performance and TEWI has no specific intention to update these statements.
For more information about Titan Energy please contact: Julie Kane Titan Energy Worldwide, Inc. (248) 446-8557
SOURCE: Titan Energy Worldwide