SOURCE: Titan Energy Worldwide

December 19, 2007 12:27 ET

Titan Energy Worldwide Awarded Contract for 200kw Generator System for Malt-O-Meal

SAN DIEGO, CA--(Marketwire - December 19, 2007) - Titan Energy Worldwide, Inc. (OTCBB: TEWI) announced today that its subsidiary, Stellar Energy Services, Inc., has been awarded a contract to supply a 200kw clean burning natural gas emergency engine generator system to Malt-O-Meal. The engine generator will provide emergency power to Malt-O-Meal's corporate data center at their Minnesota facility. Headquartered in Minnesota, The Malt-O-Meal Company is a privately owned corporation which produces breakfast cereals.

The emergency power system that Stellar will provide is a Generac system manufactured in Waukesha, Wisconsin. The 200kw engine generator will be installed outdoors in a level II ultra quiet enclosure to reduce the noise of the system while in operation.

Steve Hoyt, sales engineer for Stellar Energy, stated, "The unit for the Malt-O-Meal facility is designed to run on natural gas, and will back up a critical data center. With 10 technicians on staff, we are able to respond to any maintenance issues that may arise during an emergency."

The emergency power system was designed by Wounderlick-Malec, a local Engineering firm located in Minnetonka, Minnesota. Mr. Hoyt stated, "The engineer we worked with at Wounderlick-Malec was Wally Sharp, one of the most respected consulting engineers in the community. We have been very fortunate to work with Wally and his firm on many project over the last 5 years."

More information on Stellar Energy Services can be found at www.titanenergy.com.

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

  • Contact:
    Jeff Flannery
    (619) 342-7449