Titan Logix Corp.
TSX VENTURE : TLA

Titan Logix Corp.

June 01, 2015 15:32 ET

Titan Logix Corp. Announces the Upcoming Release of the Latest Technology for Industrial Tank Gauging: the Titan Visi-OIL Line of Products

EDMONTON, ALBERTA--(Marketwired - June 1, 2015) - Titan Logix Corp. (TSX VENTURE:TLA) ("Titan" or the "Company"), an advanced technology industrial instrumentation and controls company, announces the upcoming release of the latest technology designed and built for fluid gauging and control in stationary tanks in the industrial marketplace.

Titan Logix is pleased to be launching a new line of automated tank gauges and controls focused on the stationary tank market. This new line provides stationary tank owners the ability to gauge a wide variety of fluids in harsh and remote environments. The probes are intrinsically safe and can be installed in hazardous locations. The first product in the new line is the Visi-OIL, particularly suited to stationary tanks in the oil and gas industry.

"We are excited to announce this new product line," said Titan's President & CEO, Greg McGillis. "The Visi-OIL as well as the future products in the line will enable us to more fully serve the stationary tank market, particularly in the energy industry. It is part of our fluid gauging and overfill prevention solution that meets the needs of the stationary tank market as our market leading TD80 product line does for mobile tankers. The Visi-OIL is the next step in the roll out of our complete 'In the Field, On the Road and In the Office' advanced technology fluid management solution."

Visi-OIL probes are easily installed in virtually any tank due to their innovative mounting design. The probes can be installed in a wide variety of tank openings allowing for retrofits into existing tanks with little to no modification. Innovative mounting and power options also enable controllers, displays and communications systems to be mounted on existing sites simply and easily.

The Visi-OIL product line includes displays, data collection, communication and control components that allow both onsite and remote personnel to view tank levels at a glance along with alarm condition indication and options for overfill prevention. Even the most remote locations are not an obstacle for the Titan Visi-OIL system as satellite based communications options ensure data can be collected from virtually anywhere. Battery and solar power options also increase the flexibility of where the Visi-OIL system can be installed and operate.

The Titan Logix team will be in Calgary, AB at the Global Petroleum Show, June 9-11, 2015 to unveil the Visi-OIL to show attendees and take initial orders. If you are attending the GPS, stop by Booth 4540 in the Upper Big Four Building for a demonstration.

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, and communication systems for remote alarming and control. Our 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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