SOURCE: Titan Energy Worldwide, Inc.

October 04, 2007 10:16 ET

Titan Energy Worldwide, Inc. Signs Distribution Agreement With Catalyst Technology Partners, LLC

SAN DIEGO, CA--(Marketwire - October 4, 2007) - Titan Energy Worldwide, Inc. (OTCBB: TEWI) announced today that it signed a distribution agreement with Catalyst Technology Partners, LLC (CTP) to represent Titan's flagship product, the Sentry 5000 mobile utility backup system. This agreement would potentially open the Far East and other international markets to Titan as CTP has an extensive network of contacts and customers throughout Asia and the Middle East. In particular, CTP has an established business relationship with WATAN, the premier energy and infrastructure developer in Afghanistan and one of the few local companies approved by the U.S. Government to do major development work in the region.

Steven Hurt, VP of Sales for Titan Energy, stated, "Catalyst Technology Partners are presently supplying distributed generation and UPS systems to commercial and industrial sites throughout Afghanistan and are promoting the concept of a distributed generation based utility instead of central power plants and wires in the country. We originally designed the Sentry 5000 for a similar application here in the U.S. and so believe this system would be of tremendous value in a developing country."

Mr. Houshmand, President of Catalyst Technology Partners, stated, "I just returned from a trip to the Far East where the Sentry 5000 was well received. The utilities outside the United States are much less reliable, creating a tremendous market for this kind of utility back up product. CTP also presented Sentry 5000 information to potential customers in Abu Dhabi, Malaysia, Indonesia and Vietnam."

The Sentry 5000 was designed and developed by Titan Energy to be a mobile, multifunctional utility system that that can be quickly and easily deployed in emergency and other situations to provide 50Kw of electricity, heating and cooling, water purification, compressed air, satellite hand held phone system and perimeter lighting.

More information on Titan Energy Worldwide and the Sentry 5000 can be found 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 Information

  • Contact:
    Jeffrey Flannery
    (619) 342-7449