SOURCE: Titan Energy Worldwide, Inc.

September 20, 2007 09:43 ET

Titan Energy Worldwide, Inc. Signs LOI to Develop Electric Hybrid Version of Sentry 5000

SAN DIEGO, CA--(Marketwire - September 20, 2007) - Titan Energy Worldwide, Inc. (OTCBB: TEWI) announced today that it has signed a Letter of Intent (LOI) to develop and produce an electric hybrid version of the mobile utility system, the Sentry 5000. The Sentry 5000 is a mobile utility system developed at Titan Energy that offers several critical functions during an emergency power situation including: power generation, air conditioning and heating, water purification, satellite communications, compressed air and peripheral lighting.

The standard, diesel-fueled Sentry™ 5000 was developed at Titan Energy Development, a subsidiary of Titan Energy Worldwide. This mobile utility system provides backup power; purified water; environmentally controlled air; satellite communications; perimeter lighting; and compressed air for use during emergencies, natural disasters, and where these essential, multiple utilities cab be used. This capability is contained in one convenient, mobile package designed for rapid delivery and simple setup in just minutes.

According to the terms of the LOI, Titan Energy will be funded for the development costs of the electric hybrid version, called the Sentry 5000EH. The Sentry 5000EH will incorporate high density 48 volt DC batteries, photo voltaic deployable rolls (flexible solar panels) and an AC \ DC gateway. The high density batteries offer significant run time and the roll-out solar panels provide the ability to recharge batteries without using the diesel generator.

Titan has filed a provisional patent for this design, and Management believes the electric hybrid product has intellectual property that Titan can use in standard engine generator systems that today make up the majority of the current standby energy market.

Stated Thomas Black, President of Titan Energy Worldwide, "The electric hybrid engine is an exciting development in the emergency energy industry as it offers a solution that is less dependent on traditional fuels, particularly in emergency situations where these fuel sources may be limited. This Sentry EH offers to give Titan a unique competitive position in the standby energy market place, one that will have application across both military and homeland security areas. We also plan to develop this intellectual property so that it can be incorporated into many of today's standard emergency power products such as stationary and mobile diesel generators. We believe this has the potential to add significant value to the company overall."

More information on Stellar Energy Services and Titan Energy Development 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
    Titan Energy Worldwide, Inc.
    (619) 342-7449