SOURCE: Titan Energy Worldwide

Titan Energy Worldwide

December 21, 2009 09:00 ET

Titan Energy Worldwide Hires Clifford Macaylo as President of Northeast Operations

Recent Accretive Northeast Acquisition Will Add $2.7 Million of New Business and Serves as Nucleus of Northeast Expansion

NEW YORK, NY--(Marketwire - December 21, 2009) - Titan Energy Worldwide, Inc. (OTCBB: TEWI), a leader in distributed power generation products and intelligent energy management services, announced today that it has hired Clifford Macaylo as President of its Northeast Operations. Mr. Macaylo will oversee the Company operations in New York, New Jersey and Connecticut, which Titan Energy recently acquired through an asset purchase of an established business that provides power generation equipment, solar power systems and energy management services. The acquisition, announced last week, gives Titan nearly $2.7 million in new bookings, including contracts with major hospitality, resort and educational firms in the area.

"We are extremely pleased to have Mr. Macaylo join the Titan Energy team. The New York/ New Jersey market is one of the largest and most dynamic in the U.S. representing hundreds of millions of dollars in energy management products and services. We are confident that with Mr. Macaylo's leadership, will build our Northeast operations," stated Thomas Black, Chief Operations Officer of Titan Energy Worldwide.

"I am looking forward to being a part of Titan Energy and spearheading the Company's efforts to be a leader in demand reduction and energy management technologies in the all-important Northeast region of the United States. This is a billion-dollar market for our technologies and services and with the resources and reputation Titan Energy brings to our industry I am certain we will become a major participant in offering companies better ways to reduce energy and save money," stated Mr. Macaylo.

Mr. Macaylo has over 25 years of domestic and international experience in the power segment consisting of electrical distribution, energy conservation, power systems, controls, manufacturing and general management. Prior to joining Titan Energy, Mr. Macaylo has held management positions with major energy companies, including Excelon and Westinghouse. He has a B.S. degree in Industrial Engineering from Clarkson University with executive courses attended at Columbia University.

"This acquisition provides an important component to Titan Energy's expansion of our national footprint for power generation. Mr. Macaylo's role and responsibilities will be to provide the market development in this region that is expected to contribute significantly to Titan Energy's overall future growth. The Northeast market is experiencing growth from both traditional power sources and from newly emerging segments of the market such as solar power. Mr. Macaylo's diversified industry experience with major energy companies should serve as an important catalyst to our growth," concluded Black.

About Titan Energy Worldwide, Inc.

Titan Energy Worldwide is 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:

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.

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