SOURCE: Titan Energy Worldwide

Titan Energy Worldwide

March 28, 2011 09:23 ET

Titan Energy Expects Record Revenues of Nearly $1 Million for New York/New Jersey Office in 1st Quarter 2011

New York/New Jersey Office Also Achieves Record New Purchase Orders of More Than $650,000 in March 2011

MINNEAPOLIS, MN--(Marketwire - March 28, 2011) - Titan Energy Worldwide, Inc. (OTCBB: TEWI), a leader in distributed power generation products and intelligent energy management services, announced today that its New York/New Jersey office is expected to post record revenues of nearly $1 million in the 1st Quarter of 2011. This office has also achieved record purchase orders of approximately $650K in the month of March. Revenues indicate equipment that has been ordered and shipped. Purchase orders are orders for equipment that has not yet been shipped and can indicate the strength of future revenues for the company. 

"We have made some great breakthroughs in the Northeast marketplace, especially in the city of New York. We have completed some major projects for government and military institutions, as well as demonstrated our technological capabilities in support of energy efficiency programs to some of the key players in the property management industry," stated Cliff Macaylo, President of Northeast operations for Titan Energy Worldwide. 

"We are proud to be in our new offices in Bernardsville, and our sales team is now beginning to hit its stride as we take on significant projects in the tri-state area. I truly believe this office will be a leading producer for Titan Energy in the near future. There is tremendous opportunity here and we have the solid foundation to a great sales operation which is now demonstrating its strength in financial numbers," added Mr. Macaylo.

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