SOURCE: Titan Energy Worldwide

Titan Energy Worldwide

October 06, 2009 10:08 ET

Titan Energy Worldwide Announces Record $3,500,000 in Bookings of Power Generation Equipment for 3rd Quarter

MINNEAPOLIS, MN--(Marketwire - October 6, 2009) - Titan Energy Worldwide, Inc. (OTCBB: TEWI), a leader in power generation products and energy management services, announced today that it has reached $1.4 million in bookings for new equipment for the month of September. Combined with the record $1.6 million of bookings in August, the Company has achieved a record high for a quarter with more than $3.5 million in new bookings for the 3rd quarter of 2009.

"Titan Energy Systems has continued to show record bookings and sales results for power generation equipment and service. With September's strong numbers, we have achieved an all-time high for bookings during a single quarter, an exciting trend that we do not see letting up as we move into the 4th quarter," stated Thomas Black, Chief Operating Officer of Titan Energy Worldwide, Inc.

"As bookings are orders that we expect to deliver to the customer in 2 to 3 months, at which time we realize the revenues from these sales, we expect this new order activity will contribute to strong revenue numbers in the 4th Q of 2009 and 1st Q of 2010. In fact, we very well could see record revenues in the upcoming months," added Mr. Black.

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