MINNEAPOLIS, July 16, 2012 -- Titan Energy Worldwide, Inc. (OTC: TEWI), a leader in distributed power generation products and intelligent energy management services, today announced that the Company is expanding its service offerings to include sales and servicing of Uninterruptible Power Supply (UPS) systems and batteries. The UPS market, estimated at $7 billion in the U.S. and growing 12% annually (Pike Research), is driven by the growing need to protect computers, communications systems, data servers and other sensitive electronic devices from electrical grid instability and downtime. In addition, more IT infrastructure is moving into data centers which generally augment generator backup power with UPS and battery systems.
On a national scale, Titan will now be able to offer sales and service of more than twenty five makes and models of UPS systems, including all the leading manufacturers. In addition, the Company will offer battery service and replacement.
Gary Wells, Titan Energy's Director of UPS Sales and Service, stated, "I am excited to bring UPS sales and service to Titan's already respected line of backup power offerings. I have been engaged in the UPS market for more than twelve years and feel that I can help Titan build a prominent national program. The need for these services is out there. By being able to service UPS and battery systems, Titan has the opportunity to be a complete onsite power company to hundreds of companies across the nation."
"By bringing this established UPS business into the Titan family, we have now made Titan a complete onsite power sales and service company. UPS and battery systems are integral components to many onsite power programs and now we no longer need to outsource UPS or battery service. With this addition to our staff and capabilities, we believe Titan can now be considered one of the leading UPS service companies in the United States," stated Jeffrey Flannery, Chief Executive Officer of Titan Energy Worldwide, Inc.
About Titan Energy Worldwide, Inc.
Since its founding, Titan Energy Worldwide has been dedicated to helping companies meet their power generation and energy management needs. To date we have focused on providing thousands of customers with the most advanced power generation equipment to enable their operations to continue uninterrupted during times of power failures or disasters. We have also established a professional service team that helps customers to maintain and manage their power generations assets. From emergency and backup power technologies, to demand response programs and Smart Grid applications, Titan Energy is setting a path for the future in energy management. For more information, please 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.
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SOURCE Titan Energy Worldwide, Inc.