SOURCE: Titan Energy Worldwide

Titan Energy Worldwide

December 08, 2009 11:09 ET

Titan Energy Worldwide Opens New York/New Jersey Office for Its Energy Management Services

Company Expands Its National Coverage for Power Generation and Demand Reduction Services to Eleven U.S. States

NEW YORK, NY--(Marketwire - December 8, 2009) - Titan Energy Worldwide, Inc. (OTCBB: TEWI), a leader in distributed power generation products and intelligent energy management services, announced today that it has established an office in New Jersey to begin operations in the Northeast U.S. The Company now has seven offices serving eleven states, including: New York, New Jersey, Connecticut, Minnesota, Michigan, Iowa, Nebraska, North and South Dakota, Wisconsin, and Florida.

"We are very excited to open a sales and service office in the Northeast. The states of New York, New Jersey and Connecticut combined are a billion dollar market for our power generation products, energy management services and alternative energy solutions. At the same time, this new office is an important step in our plan to build out a national footprint that will allow us to better serve our customers and expand our products and services," said Thomas Black, Titan Energy's Chief Operating Officer.

The Company acquired certain assets of an established power generation company which is registered to do work in New York and New Jersey. Among the assets acquired include contracts with more than forty customers including major hospitality facilities, casinos, universities and apartment buildings.

"Titan Energy was able to establish these operations in New York and New Jersey by acquiring a solid book of business that had been established by Titan Energy Group. We also acquired a number of contracts for solar projects which propels Titan Energy into the alternative energy industry. The New York region alone offers tremendous opportunity for Titan from power generation to energy management services and solar solutions. With some of the highest energy rates in the country, the opportunity for demand reduction and energy management services is tremendous. We believe this region will contribute significantly and immediately to the growth of the company," concluded 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: 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