Titan Logix Corp.

TSX VENTURE : TLA


Titan Logix Corp.

January 10, 2014 09:00 ET

Titan Logix Corp. Announces the Release of New Liquid Level Gauge Display-the Finch II™

EDMONTON, ALBERTA--(Marketwired - Jan. 10, 2014) - Titan Logix Corp. (TSX VENTURE:TLA) ("Titan" or the "Company"), an advanced technology industrial instrumentation and controls company announces the release of the latest addition to the company's product offerings. Designed for use with Titan's proven TD80™ liquid level gauging system for mobile tankers, the Finch II is an enhanced version of Titan's classic external display, the Finch 5332E™. Initial orders in limited quantities will be available in January with full production in April 2014.

With a six-digit LED display and other customer requested features, the Finch II offers easier installation and operation. A key improvement to the Finch II is its ability to monitor up to two compartments simultaneously which will switch the display to the compartment experiencing alarms. When coupled with appropriate accessories, this feature provides customers with reliable overfill prevention and high-level shutdown at a more cost-effective price. This has value in both new construction and retrofit sales.

Four dedicated and programmable built-in relays remove the need for an external relay module and allow the unit to control a light, horn, pump and fourth auxiliary output, when an alarm level is reached. The Finch II is compatible with new and existing TD80 systems, including Titan's new Rack Control Module. The built-in RS232 interface enables development of customer specific solutions for connection to wireless modems for "in the office" fleet management.

"The features in our Finch II provide additional options for the user," said Greg McGillis, P.Eng., President and CEO. "We are pleased to offer this product in answer to our customers' requests. The Finch II meets their needs more fully in single and two compartment tankers. Once again, 'TLC gives TCC' (Titan Logix Corp. gives Total Customer Care)."

Like all components in Titan's TD80 liquid level gauging systems, the new Finch II is CSA approved for safe use in hazardous areas.

About Titan Logix Corp.:

Founded in 1979, Titan Logix Corp. ("Titan" or "the Company") is a high technology company specializing in Research and Development (R&D), manufacturing and marketing of advanced technology fluid management solutions. The Company's products include Guided Wave Radar (GWR) gauges for level measurement and overfill prevention (particularly for use in mobile tanker applications), level gauges for storage tanks, burner management for oilfield heaters, and communication systems for remote alarming and control. The products are currently used in the oil and gas, waste fluid collection, chemical and aviation industries. These technologies and their derivatives under development are applicable to a variety of additional markets which Titan plans to expand into at the appropriate time. A common practice in many of these markets is the use of manual methods for measurement and control. Due to safety considerations, the rising cost of many fluids, awareness and concerns about the environment and technological advancements enabling better operational efficiencies, we are experiencing an increased demand for our advanced technology products. We anticipate this demand will continue as we pursue expansion into other markets.

The products we manufacture are part of a complete asset management solution. The full solution consists of our own market leading products integrated with best-in-class third party solutions to enable our customers to benefit from complete fluid management, throughout each stage of their fluid handling processes. This is captured by our slogan "Advanced Technology Fluid Management Solutions, In the Field, On the Road, In the Office"™.

  • In the Field: "In the Field" refers to Titan's solution offerings for storage tanks and process vessels.
  • On the Road: "On the Road" refers to Titan's solution offerings for mobile tanker trucks and trailers.
  • In the Office: "In the Office" refers to Titan's solution offerings that enable customers to monitor their fluid assets from the convenience of their dispatch center or other back office environment through a wired or wireless connection.

Titan Logix Corp. is a public company listed on the Toronto Venture Stock Exchange and its shares trade under the symbol, TLA.

Neither TSX Venture Exchange nor its Regulation Services Provider (as that term is defined in the policies of the TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of this release.

This news release contains certain statements with information that may be forward-looking and subject to unknown risks and uncertainties. The actual results, performance and achievements of Titan Logix Corp. may differ materially from the results, performance and achievements expressed or implied by such forward-looking statements. These forward-looking statements may not relate strictly to historical or current facts. They represent management's views as of the date of this press release and we assume no obligation to update them. We caution you not to place undue reliance on these forward-looking statements.

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