SOURCE: Titan Energy Worldwide

Titan Energy Worldwide

October 13, 2009 09:30 ET

Titan Energy Worldwide Announces $670,000 in New Orders for Distributed Power Generation Equipment to US Military

Company Books More Than $1.2 Million in Military Orders in the Last Two Months

MINNEAPOLIS, MN--(Marketwire - October 13, 2009) - Titan Energy Worldwide, Inc. (OTCBB: TEWI), a leader in distributed power generation products and intelligent energy management services, announced today that it has been awarded a contract for $670,000 from by a division of the US Military. Combined with other Military and Homeland Security orders last month, Titan Energy has surpassed $1.2 million in Government orders during the last two months.

"Titan Energy continues to build and strengthen our relationships with various divisions of the US military. While helping to support our national interests, we are able to provide the armed forces with state-of-the-art distributed power generation equipment and superior service," stated Thomas Vagts, General Manager of Titan Energy Services, Inc.

Titan Energy provides back-up, emergency and ancillary power systems to support a wide range of critical operations in both the military and private sectors. These systems provide distributed energy during emergencies, natural disasters or during times when power from the electrical grid is suboptimal or unavailable. Titan Energy provides engineering, planning, equipment and service support on all its power systems which range from 50kW to multiple megawatts in size.

About Titan Energy Worldwide, Inc.

Since its founding, 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 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