MINNEAPOLIS, Nov. 13, 2012 - Titan Energy Worldwide, Inc. (OTC: TEWI), a leader in distributed power generation products and intelligent energy management services, today announced that the Company has sent in additional technicians and support staff to better serve the many companies and institutions in need of help in the areas impacted by Hurricane Sandy. The Company's 24/7 call center reported that it has been receiving more than 300 calls or web inquiries a day during the week following the storm.
Technicians arrived with state-of-the-art remote monitoring devices in order to better manage back-up generators which have been running continuously to support vital operations. By using these wireless systems, technicians can provide diagnostic and even some corrective measures remotely rather than driving long distance to the physical sites.
The Company also announced that its technicians were arriving to the stork ravaged area with new portable generators on their trucks which would be donated to civic or relief organizations that were in need of emergency power systems.
Stated Jeffrey Flannery, Chief Executive Officer for Titan Energy, "The basic infrastructure in the New Jersey areas impacted by the 'super storm' have improved to the point where we can effectively send in reinforcements to help those at our New Jersey office who have been tirelessly working to repair generators and keep vital operations running. This is clearly an extraordinary situation that requires the support of many more people and greater resources that Titan Energy can provide, but we aim to do all we can. To this end, we are preparing to make donations of portable generators to first responder, civic and relief organizations that are at the front lines of the storms aftermath. We hope to make their jobs a little easier by giving them power for basic services."
"We are also delivering a supply of remote monitoring equipment so that companies which are relying on generators for their electrical power supply can monitor their equipment continuously and thereby improve performance and reliability. With this remote monitoring capability our technicians can effectively manage a far greater number of sites than if they had to drive in already less than ideal conditions to each location. Many of our customers, including some retail big box stores, are staying open 24 hours a day in order to support local residents with necessities such as water and dry goods, and they are using their back-up generators to power these operations. With our remote monitoring capabilities we hope to keep these stores open longer and with fewer interruptions until such time as the utility power returns," added Flannery.
More information can be found at the company's website, www.titanenergy.com.
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