SOURCE:
Titan Energy Worldwide
2008-08-19 08:00:00
MINNEAPOLIS, MN–(EMWNews – August 19, 2008) – Titan Energy Worldwide, Inc.(
announced today that its subsidiary, Titan Energy Systems, has been awarded
contracts to supply emergency generator systems to two major hotels in
downtown Minneapolis. Titan Energy Systems is a full line sales and
service provider of power generation equipment with headquarters in
Minnetonka, Minnesota.
The first contract was for a 400kW emergency engine generator to be
installed at the newly constructed Embassy Suites hotel located in Brooklyn
Center, Minnesota, an inner suburb of Minneapolis. Manufactured by Generac
Power Systems of Waukesha, Wisconsin, the Embassy Suites backup system is
designed to provide emergency power to the
175-room hotel. In addition, Titan Energy Systems announced the delivery
of a 250kW power system to the twenty-five story downtown Minneapolis
Hilton Hotel. The Hilton’s emergency power system is being installed as
renovations are nearing completion on this 821 room hotel, including the
24,780 sq ft Minneapolis Ballroom, the largest hotel ballroom in the State.
Tom Vagts, Chief Operating Officer for Titan Energy Systems, stated, “The
retail hotel market continues to be a strong growth area for our emergency
products and maintenance services. These two orders will combine for
$128,910 in revenue, assumed upon delivery. These systems will ensure both
hotels are able to accommodate their guests and continue normal business
operations regardless of any power interruptions.”
More information on Titan Energy Systems and its product line can be found
at www.titanenergysystems.com.
About Titan Energy WorldWide, Inc.
Titan Energy is a leader in the manufacturing, marketing and servicing of
energy generation products and services, a major participant in the
distributed, renewable, and alternative energy industries, and a leader in
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.
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.
For more information about Titan Energy please contact:
Julie Kane |
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