SOURCE: Titan Energy Worldwide

Titan Energy Worldwide

August 10, 2009 11:07 ET

Titan Energy Becomes Reseller for GE Digital Energy

Company to Provide Sales and Service of GE's Line of Industrial UPS Systems and Other Power Equipment

MINNEAPOLIS, MN--(Marketwire - August 10, 2009) - Titan Energy Worldwide, Inc. (OTCBB: TEWI), a leader in the manufacturing, marketing and servicing of energy generation products and services, announced today that its subsidiary Titan Energy Systems has signed on to become a Service Value Added Reseller for GE Digital Energy's Power Quality / Zenith Controls division. Through this arrangement, Titan Energy will provide sales and service support for Uninterruptible Power Supplies (UPS), Transient Voltage Surge Suppression (TVSS), Paralleling Switchgear and Automatic Transfer Switches (ATS). Customers for this equipment include telecommunications, hospitals, grocery stores, data centers, and other critical loads that require backup power.

"We are excited to add the GE line of UPS and other equipment to our product line as this broadens our offerings to new customers. This equipment due to its complexity provides higher margins than our traditional emergency generator products and so adds positively to the bottom line. In addition, we are now qualified to service GE UPS systems and this adds a valuable component to our service offerings," stated Tom Vagts, Chief Operating Office of Titan Energy Systems.

About Titan Energy Worldwide, Inc.

Since its founding in 2006, Titan Energy Worldwide has been 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 generation assets. From emergency and backup 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
    Chief Executive Officer and Chairman
    Titan Energy Worldwide, Inc.
    952-217-0424
    Email Contact