Titan Logix Corp.
TSX VENTURE : TLA

Titan Logix Corp.

August 26, 2011 16:30 ET

Titan Logix Corp. Moves to Support Key Product Line

EDMONTON, ALBERTA--(Marketwire - Aug. 26, 2011) - Titan Logix Corp., (TSX VENTURE:TLA), an advanced technology industrial instrumentation and controls company, reported today its decision to exit the burner control market. Upcoming opportunities in the mobile tank level measurement market, along with Titan's success and considerable growth in sales in this market requires the increased deployment of its resources in this area.

President and Chief Operating Officer, Greg McGillis, announced that effective February 29, 2012 Titan will discontinue production of its FGI 351 – a burner management system – for new installations. Service components will be available for an additional year. "We will work with our customers to offer solutions to minimize the impact of this decision."

He added that this will enable the company to more fully concentrate on support of the TD80™ level measurement and overfill prevention system, complete the development of new Radar-Stik™ models, and ramp up for production. "We are very excited to be able to invest additional energy in our major product line. We look forward to the announcement of upcoming Radar-Stik models in 2012."

Les Evans, CEO of Titan Logix Corp. commented that this will help us achieve our vision to be the global leader in the mobile tank level measurement market. He added, "Based on the timing of our TD80 and Radar-Stik opportunities, we felt this was the right time to make this move. The Board of Directors and I fully support this decision."

About Titan Logix Corp.:

Founded in 1979, Titan Logix Corp. has evolved into an advanced technology industrial instrumentation and controls company. We design, manufacture, distribute and service instrumentation, control and automation solutions. These technologies are used primarily in the oil and gas, transportation and aviation industries, which for many years have relied on manual intervention. However, due to rising costs, concerns and awareness about the environment, (including the importance of spill prevention) and technological advancements - to list but a few reasons – we expect an increased demand for our products. The products we specialize in comprise an essential part of a complete asset management solution in the following categories:

  • Transport Instruments: guided wave radar liquid gauging and control systems for mobile tankers;
  • Level and Flow Instruments: mechanical and electronic liquid level gauging systems for storage tanks and industrial process vessels;
  • Burner Controls: electronic burner management systems for atmospheric industrial heaters; and
  • Telemetry and Control Products: communication and control systems enabling remote telemetry and management of site processes.

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

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.

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.

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