SOURCE: Titan Energy Worldwide

Titan Energy Worldwide

April 07, 2010 10:46 ET

Titan Energy Worldwide Announces National Contract With Northern Tool & Equipment

Titan Energy Will Provide Power Management Services to 35 Stores Located in 8 States

MINNEAPOLIS, MN--(Marketwire - April 7, 2010) -  Titan Energy Worldwide, Inc. (OTCBB: TEWI), a leader in distributed power generation products and intelligent energy management services, announced today that its Midwest subsidiary, Titan Energy Services, has been awarded a new national agreement with Northern Tool & Equipment to service the on-site power generation at 35 stores located in eight states. Based in Burnsville, Minnesota, Northern Tool & Equipment is an international leader in providing portable generators, power tools and equipment at 65 stores across the United States, mail order and web-based sales, as well as international sales.

Titan Energy's Power Management program provides service and maintenance to more than 4,000 generators and 1,200 customers across the nation. Dedicated to the finest and most efficient support of a customer's energy assets, Titan Energy's professional technicians offer a range of services including state-of-the-art remote monitoring and 24/7 metering services. 

"We are very excited to add Northern Tool & Equipment to the family of national accounts that Titan Energy services. Northern Tool & Equipment is the premier provider of power equipment and has entrusted the emergency and back-up power systems at each of its store locations with emergency generators to Titan Energy Worldwide. We appreciate that Northern Tool & Equipment has recognized our superior technical expertise and customer service and we look forward to a long, beneficial relationship," stated Thomas Vagts, General Manager of Titan Energy Services.

Since 1980, Northern Tool & Equipment has been committed to providing its customers with the finest tools and service. The company has developed one of the most successful online and mail order stores for tools and equipment. With 65 total stores in 11 states, 2,000 employees and a growing international business, Northern Tool has evolved into a premier provider of power systems, tools and equipment worldwide. More information is available at the company's website: www.northerntool.com.

About Titan Energy Worldwide, Inc.

Titan Energy Worldwide is a provider of onsite power generation, energy management and energy efficiency products and services that help support and improve the performance of our nation's electrical utility grid. We operate in an area of the overall electrical utility infrastructure called Distributed Generation, whereby we specialize in the deployment of power generation equipment at the consumer's facility and the integration of that equipment through monitoring and communication systems with the needs of the utility's electrical grid. These onsite power generation systems support a customer's critical operations during times of power failure and serve as demand response systems that work to reduce energy usage and decrease demand on the electrical grid during peak periods. When managed with the proper intelligent monitoring systems and controls, Distributed Generation offers a vital and significant contribution to the development of the nation's Smart Grid. We contribute the tools and resources to produce immediate and long term improvements in the performance and stability in the energy production and transmission segments of the electrical grid and reduce the need for new power plants. 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 www.titanenergy.com.

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.
    619-988-5869
    Email Contact

    Stan Altschuler
    Strategic Growth Int'l
    212-838-1444
    Email Contact