SOURCE: Titan Energy Worldwide

Titan Energy Worldwide

February 03, 2011 13:46 ET

Titan Energy Renews Annual Service Contract With Major Telecommunications Company

Titan Contracts for Service to the Telecommunications Industry Surpassed $1 Million in 2010 and Are Expected to Increase Significantly in 2011

MINNEAPOLIS, MN--(Marketwire - February 3, 2011) -  Titan Energy Worldwide, Inc. (OTCBB: TEWI), a leader in distributed power generation products and intelligent energy management services, announced today the renewal of one of its largest service contracts for 2011, an agreement to provide maintenance and repair service to hundreds of cell towers for one of the nation's main cellular communications companies.

"Titan has experienced a significant increase in service contracts to the telecommunications providers, driven by the 4G expansion and the need for reliable backup power at cell towers located throughout the United States," said Thomas Black, President of Titan Energy. "As more and more smart phones are deployed, and the need increases for more bandwidth to support video and streaming media, telecommunications providers are upgrading cell towers to include larger and better maintained onsite power generation. This represents a tremendous opportunity for Titan's future growth. At the same time, this contract renewal with one of the premier telecommunications companies in the world validates Titan's commitment to providing the finest, most dependable service for onsite power generation of any kind."

This (PM) preventative maintenance service agreement was renewed for 2011 and includes servicing approximately 450 engine generators and automatic transfer switches located at cell towers throughout the Midwestern United States. The engine generators are a mix of diesel, natural gas and propane fueled units ranging from 30-75Kw each. The service contract also includes fueling of the units as part of the normal preventative maintenance schedule. Titan is also required to perform all emergency and repair work above and beyond the normal scheduled (PM). 

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.

Contact Information

  • For more information about Titan Energy Worldwide please contact:
    Jeffrey Flannery
    Titan Energy Worldwide, Inc.
    619-988-5869
    Email Contact