SOURCE: Titan Energy Worldwide

Titan Energy Worldwide

June 25, 2009 09:30 ET

Titan Energy Worldwide Receives $600,000 Contract to Supply Back-Up Power to U.S. Military Telecommunications Sites Throughout the U.S.

MINNEAPOLIS, MN--(Marketwire - June 25, 2009) - Titan Energy Worldwide, Inc. (OTCBB: TEWI), a leader in the manufacturing, marketing and servicing of energy generation products and services, announced today that its Midwestern subsidiary, Titan Energy Systems, has received orders to provide back-up power engine generators systems to communications towers located at U.S. military installations in various locations throughout the United States.

The first stage of this contract involves the delivery of nine (9) engine generators and another thirty (30) units over the next 6 to 9 months. The engine generators being purchased will be powered by diesel, liquid propane or natural gas based on location. The total contract value for all 39 units is estimated at approximately $600,000.

"This order helps continue to build Titan's reputation in providing back-up power equipment and service support for electronic data and telecommunications infrastructure across the nation," stated Tom Vagts, Sales Manager for Titan Energy Systems. "To date we have installed and serviced generators at approximately 50 telecom locations throughout the United States and are aggressively seeking to expand our footprint in this market niche."

About Titan Energy Worldwide, Inc.

Titan Energy is a leader in the manufacturing, marketing and servicing of energy generation products and services, including development and support for new energy-related technology. Founded in 2005, Titan combines engineering expertise, established sales and distributorships, service operations and unique strategic partnerships to meet the growing global demand for clean, efficient, energy solutions. Titan serves disaster recovery first responders, relief agencies, homeland security, the department of defense and municipalities. For more information, 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.
    952-217-0402
    Email Contact