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Titan Energy Worldwide Announces New Orders and Delivery of State-of-the-Art Bi-Fuel Power System

Posted on: Thursday, 25 September 2008, 12:00 CDT

Titan Energy Worldwide (OTCBB: TEWI) announced today that its subsidiary, Titan Energy Systems, has received two new bookings on emergency power systems and delivered a new, state-of-the-art bi-fuel power system. Together, these bookings and delivery represent $266,900 in revenues for the Company. 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 750kW Bi-Fuel Gemini TwinPack power system will supply backup power to the newly developed 260,000 sq. foot Austin Mutual Insurance building in Maple Grove, MN. The power system was installed in an ultra quiet, sound attenuated weather enclosure that houses two 375kW, 12.0L engines. The generator has an estimated run time of one week and offers the power of two generators in one enclosure to provide redundancy and a smaller footprint at 164 sq ft. The bi-fuel system starts on diesel fuel and then operates off natural gas as the load is applied. Typical fuel consumption during an outage is 70% natural gas and 30% diesel fuel. The natural gas component extends the run time of a typical fuel tank as much as 300%.

Stated Tom Vagts, Chief Operating Officer of Titan Energy Systems, "The Gemini Bi-Fuel power system offers a cleaner, more environmentally friendly option to back up power generation. The natural gas capability allows these generators to run three times longer than a diesel system. With the price of diesel fuel and the convenience of extended run-times, the Bi-Fuel system is a smart, powerful choice and gives Titan a competitive advantage in our market place."

Titan has also received an order to supply a 500kW 18 liter diesel generator to provide backup power and business continuity emergency power to the Minnesota Public Housing Authority facility located in Minneapolis. In addition, Titan Energy is working with Global Energy Resources to supply a 100kW diesel generator to the City Hall building for the municipality of Shorewood, MN.

The Gemini Power System and diesel engines supplied by Titan Energy Systems are manufactured by Generac Power Systems of Waukesha, Wisconsin. More information on the Titan Energy Systems and its product line can be found at www.titanenergysystems.com.

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 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.

 Contact:  For more information about Titan Energy please contact: Julie Kane Titan Energy Worldwide, Inc. (248) 446-8557  

SOURCE: Titan Energy Worldwide

Source: MARKET WIRE

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