Titan Energy Worldwide, Inc. (TEWI) Is a publicly traded company that combines engineering expertise, established sales and distributorships, service operations and unique strategic partnerships to meet the growing demand in the US and worldwide for clean, efficient, energy solutions.
TEWI is a major competitor in the distributed, renewable, and alternative energy industries and a leader in development and support for new energy-related technology. We serve as:
- a distributor and service center for power generation equipment
- a manufacturer of cutting edge energy technologies
- a supporter and developer of new energy solutions and services.
Our focus is to be both national and global; serving the disaster recovery; first responder; relief agency; homeland security; Department of Defense and municipality sectors.
| A New Kind of Energy Company: |
| Titan Energy Worldwide is 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 back up power technologies, to demand response programs and Smart Grid applications, Titan Energy is setting a path for the future in energy management. |
Titan Energy is already a key player in the Smart Grid or Intelligent Grid industry. We offer a range of products including distributed power generation equipment to help companies operate during times of power failure and emergencies. We also provide applications such as remote monitoring and demand response services to assist our customers in better managing their energy assets.
Contact Information :
Titan Energy Worldwide, Inc.
10315 Grand River, Suite 302
Phone : (810) 229-5422
Fax : (810) 229-5797
E-mail : email@example.com
Company Officers :
Jeffrey Flannery, CEO
James Fahrner, CFO
Thomas Vagts, Chief Operating Officer,Titan Energy Systems
Market Information :
Market Tier: OTCBB
SEC Reporting Status : SEC reporting company
SEC Filings : EDGAR Filings
Fiscal Year End : 12/31
Outstanding Shares : 71,308,641 as of 10/17/2013
Transfer Agent :
317 SW Alder Street
Portland, OR 97204
Titan Energy Worldwide Releases Preliminary 2013 Financials
Company Posts Annual Profit for 2013 on Record Revenues
Titan Energy Worldwide, Inc. (OTCQB: TEWI), a leader in distributed power generation products and intelligent energy management services, today released preliminary financials for 2013. The company reports record revenues of nearly $22 million, an increase of 15% over 2013. The company also reports that the company achieved more than $1 million in EBIDTA, an increase of 300% over 2012, and ended the year profitable. This was the first profitable year in the Company's history.
Stated Jeffrey Flannery, CEO of Titan Energy Worldwide, Inc., "We set a goal at the beginning of 2013 to end the year profitable and I am very proud to say that we accomplished that goal. We did this by focusing on our core business of providing the finest customer-oriented service to our onsite power clients. We now service nearly 5,000 generators across the country, and have successfully responded to hurricanes, floods, blackouts and other disasters. We have also implemented new, industry changing programs for the maintenance of onsite power which have keep our customers operational and saved them money. We have invested in the infrastructure which now makes us a stronger national accounts and critical power services provider and with this we are looking forward to a stronger and even more prosperous 2014.
"While equipment sales decreased slightly from $10 million to $9 million, this was more than compensated for by a 300% increase in service sales from $3 million to $9 million in 2013. This increase is largely due to our national accounts business and more than $2 million of work we did on RICE NESHAP projects. The Company is projecting for the National accounts division to continue to grow significantly in 2014," added Mr. Flannery
Titan also reported that its critical power division, which was newly formed in 2012, expanded from about $90,000 in sales in 2012 to more than $1 million in 2013. The Company believes this division, which services data centers, hospitals and other critical power facilities, is on course to more than double its business in 2014.
The company expects to release its completed 2013 financials in late February 2014.