Contact:
Titan Energy Worldwide, Inc.
Jeff Flannery
619-342-7449
SAN DIEGO–(BUSINESS WIRE)–Titan Energy Worldwide, Inc. (OTCBB:TEWI) announced today that its subsidiary, Stellar Energy Services, successfully completed the startup of a 300KW emergency Generac diesel engine generator system for the Royal Credit Union, located in Chippewa Falls, Wisconsin. Stellar Energy is an authorized dealer and service provider for Generac Power Systems in five Midwestern states.
Stellar Energy also provided the customer with two (2) General Electric, Zenith automatic transfer switches. The engine generator was supplied with a 438 gallon UL double walled fuel tank, which can hold enough fuel to last for 24 hours without refueling. The system also includes a state-of-the-art sound attenuated outdoor enclosure to protect the engine generator from the elements and reduce noise output.
Greg Sleight of Royal Credit Union said, “We are very pleased with the equipment the installation and the start-up of the emergency power system.” The engine generator is designed to deliver emergency power to the data center within 10 seconds of a utility failure.
Steve Hoyt, senior sales engineer for Stellar Energy, stated, “We have seen a large increase in sales of engine generator systems which we believe is due to the expansion and increased activity in the data center market. We were fortunate to work with a very experienced electrical contractor for Eau Claire, Wisconsin, B & B Electric; they did a great job with the installation of the critical power system.”
More information on Stellar Energy Services can be found at www.stellarenergyservices.com. Information on Titan Energy can be found at www.titanenergydevelopment.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.
