SOURCE: Titan Energy Worldwide

Titan Energy Worldwide

January 14, 2010 09:00 ET

Titan Energy Worldwide Acquires Sustainable Solutions Inc., a Minnesota Based Energy Efficiency Company

Acquisition Expands Titan Energy's Capabilities to Provide Energy Audits and Energy Efficiency Programs for Utility Company's Industrial Customers

MINNEAPOLIS, MN--(Marketwire - January 14, 2010) - Titan Energy Worldwide, Inc. (OTCBB: TEWI), a leader in distributed power generation products and intelligent energy management services, announced today the acquisition of Sustainable Solutions Inc., a Minnesota company that specializes in providing energy efficiency services to industrial customers in the Midwestern U.S. This acquisition immediately expands Titan Energy's role in providing energy audits and energy efficiency programs to industrial and commercial customers and creates an opportunity in a market worth billions of dollars nationwide.

"The acquisition of Sustainable Energy creates a new division for Titan Energy in the energy efficiency industry that offers tremendous potential for growth. Utility companies in the Midwest have budgeted up to $75 million in 2010 to reduce energy consumption by more than 350 million kilowatt hours and there are thousands of industrial customers in Minnesota alone which are eligible for these energy efficiency programs. Sustainable Solutions provides contracts for energy audits in the Midwest which will immediately increase revenues while introducing Titan Energy to new customers. Our goal is to position Titan Energy as a leader in this industry and expand our energy efficiency programs nationwide," stated Thomas Black, Chief Operating Officer of Titan Energy.

Sustainable Solutions Inc. is contracted with a major Midwestern utility to provide energy audits to commercial and industrial customers in Minnesota. The energy audits performed by Titan Energy are designed to help customers identify ways to reduce electrical power usage and thereby decrease overall demand on the electrical utility grid. From this audit, Titan can then provide the customer with recommended programs and services to reduce energy usage and lower the customer's utility costs.

"The Midwestern U.S. is one of the most dynamic areas to be an energy efficiency provider, an area where Titan Energy is uniquely positioned to succeed. We have extensive experience in the utility industry, strong relationships with major manufacturers of power generation equipment, and the ability to provide 24/7 service in these territories. Few other companies can offer the full range of services that we can at Titan. Hundreds of millions of dollars have been dedicated to helping companies reduce energy usage and a variety of new programs are now available. As a full solutions provider, Titan can offer not only a complete energy audit but a full range of cost saving solutions to both the customer and the utility. This is an advantage that makes Titan unique in our industry," added Mr. Black.

About Titan Energy Worldwide, Inc.

Titan Energy Worldwide is dedicated to helping companies meet their power generation and energy management needs. To date we have focused on providing thousands of customers with the most advanced power generation equipment to enable their operations to continue uninterrupted during times of power failures or disasters. We have also established a professional service team that helps customers to maintain and manage their power generations assets. From emergency and back-up power technologies, to demand response programs and Smart Grid applications, Titan Energy is setting a path for the future in energy management. For more information, please visit the company's website at:

About Sustainable Solutions

Sustainable Solutions was founded in 2007 in Minnesota to provide companies with energy efficiency programs and services. With extensive experience working with energy utilities, Sustainable offers a variety of opportunities for companies to reduce their energy usage and operate more efficiently and profitably. More information on Sustainable Solutions Inc. can be found at

Forward-Looking Statements

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 Information

  • For more information about Titan Energy Worldwide please contact:
    Jeffrey Flannery
    Titan Energy Worldwide, Inc.
    Email Contact

    Stan Altschuler
    Strategic Growth Int'l
    Email Contact