Titan Energy Worldwide, Inc. (TEWI)

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Titan Energy Announces New Service Offering for Generators in Demand Response Programs

Service program will be the first to fully support power generators in utility sponsored peak shaving programs


Titan Energy Worldwide, Inc. (OTC:TEWI.PK - News), a leader in distributed power generation products and intelligent energy management services, today announced that the Company is expanding its service offerings to include support and management of generators in demand response (DR) programs. Demand response programs are utilized to curtail the electrical load on the utility grid during periods of peak demand.

Titan will focus primarily on utility sponsored programs called "interruptible rate" DR which utilize a customer's onsite power generation as a source of load control. Titan's DR management program combines complete generator service and maintenance capabilities, onsite monitoring, remote control and sophisticated trending analyses. Real time information and customized reports can be provided to customers, utilities and service providers.

"Building off our excellent service program that currently supports more than 5,000 generators for a variety of customers nationwide, Titan Energy has developed a specialized program dedicated to the management of power generation systems enrolled in demand response programs. Interruptible rate DR programs have been in existence for decades, and currently more than 100,000 generators are estimated to be enrolled in these programs across the nation. Titan will target the thousands of existing customers in our service areas as well as work with providers who are installing new DR systems," stated Jeffrey Flannery, Chief Executive Officer of Titan Energy Worldwide, Inc.

Added Flannery, "Interruptible rate DR is a productive and effective means of load control if the power generation assets are properly managed and controlled. Without proper management, generators in these programs can fail to respond to utility requests resulting in fines to the generator owner for nonperformance. Titan's uniquely powerful monitoring and control technology is integrated into a complete asset management program to ensure that generators are properly maintained and perform reliably within the demands of these programs. Combining this industry leading technological expertise with the ability to utilize cleaner burning natural gas generators, creates a demand response solution that we believe can meet both the reliability criteria of the utilities and the new emissions requirements being set forth by the EPA.

"To support the roll out of this new offering, we have added key sales and support staff who have utility industry experience and familiarity with these specialized rate programs. We believe that the market for Titan's DR management service could eventually grow into a significant portion of the Company's overall business. We also anticipate that new interruptible rate DR installations will grow significantly in the coming years based on recommendations by the Federal Electricity Regulatory Commission (FERC) to increase demand response reserves four-fold over the coming years. Titan Energy is one of the few companies that has the experience, the technology and the national reach to help transform interruptible rate DR into a more reliable component in the nation's electrical energy management programs," Flannery concluded.

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PR out: Titan Energy Posts Record Backlog of more than $7 million in Equipment Sales
Company on Course for Record Sales in First Half of 2012

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What do you know about this?

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I will be watching this

[buyselldan]

Good news

[buyselldan]

This looks interesting.

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Just doing a bit of DD on TEWI. news caught my eye.

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Titan Energy Achieves Positive EBITDA for December 2011

MINNEAPOLIS, Jan. 26, 2012 /PRNewswire via COMTEX/ -- Titan Energy Worldwide, Inc. (OTC:TEWI), a leader in distributed power generation products and intelligent energy management services, today announced that the Company finished the month of December 2011 with a positive EBITDA. EBITDA is a nonGAAP metric of the Company's financial performance that measures earnings prior to deductions of interest, taxes, depreciation and amortization. The Company's 10K annual report will be filed with the U.S. Securities and Exchange Commission by or before March 30, 2012.

"Six months ago we set a company goal to achieve a positive EBITDA by the end of the year. I am extremely proud of everyone at Titan Energy for achieving this important milestone in our development. This proves, I believe, that Titan Energy has a solid foundation of people, customers and opportunities that will only continue to produce better and stronger results in 2012 and beyond," stated Jeffrey Flannery, Chief Executive Officer of Titan Energy Worldwide, Inc.

Added Flannery, "We have achieved this important goal partially through a disciplined cutback in our overhead and corporate expenses. At the same time, we have put added focus on bolstering our service revenues to all-time highs. Long-term service contracts supporting thousands of customers throughout the United States are not only contributing to our financial turn-around but are also creating a strong, recognizable brand of the Titan name in the onsite power generation industry."

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Titan Energy Reports Record Service Revenues in December, 2011 Service Sales to Surpass 2010 by More Than 20%

MINNEAPOLIS, Jan. 11, 2012 /PRNewswire via COMTEX/ -- Titan Energy Worldwide, Inc. (OTC:TEWI), a leader in distributed power generation products and intelligent energy management services, announced today that it expects to exceed $480,000 in service revenues for the month of December, a record for the Company. The service business provides the Company with recurring revenues from one- to five-year contracts with industrial and commercial customers. The Company projects that annual service revenues in 2011 will top 2010 results by more than 20%.

The growth in 2011 has been supported by strong revenues from contracts with major national retailers, which in December contributed $98,000, or 20%, of the total service sales revenue. Titan began its national accounts service business in February of this year, and Management expects revenues from national accounts to grow significantly in 2012.

"We are reaching new records every month in service revenues, a trend that I believe will continue long into 2012. Our goal is to have high margin, recurring service revenues account for 50% of the Company's total revenues, which we believe will put the company on a solid cash flow basis and allow us to achieve profitability. Right now service sales comprise 35% of total revenues, an increase from 30% in 2010. So we are moving steadily and aggressively toward our goal," stated Jeffrey Flannery, Chief Executive Officer for Titan Energy Worldwide.

Titan provides regular and specialized maintenance programs for customers who purchase onsite power generation equipment from the Company, and for any industrial or commercial customer that has a standby power system. With Titan's remote monitoring capabilities, service technicians have 24/7 access to a generator's operational status and can thereby respond proactively to a service condition or provide maintenance procedures remotely. The results are lower service costs for the customer, improved performance of the onsite power equipment and greater reliability in times of emergency.

Stated Kyle Gillett, Director of Service Operations for Titan Energy Worldwide, "Our service programs for onsite power generation are supported by a superb team of professionals who are committed to making this program the finest in the United States. I believe we are one of the few service companies in the U.S. that can offer complete maintenance and repair to customers anywhere in the 50 states. Aside from our established service operations in the Midwest, Northeast and Florida, we have developed a reliable network of qualified service partners which has helped us support customers who have facilities throughout the nation."

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Great News
Good way to start off the year!

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Titan Energy Worldwide Announces More Than $2 Million in New Orders for Month of January 2012

Titan Engy Worldwide (PL) (USOTC:TEWI)

Today : Wednesday 1 February 2012


Titan Energy Worldwide, Inc. (OTC:TEWI), a leader in distributed power generation products and intelligent energy management services, TEWI announced today that the company booked more than $2 million in purchase orders for onsite power generation equipment in the month of January 2012, a record month for new orders. Included in these equipment bookings was an order from Titan's New York office for $1.2 million from a new national account. The New York office booked more than $1.5 million in new orders in the month of January.

Stated Cliff Macaylo, President of Northeast Operations for Titan Energy Worldwide, "We have succeeded in winning the first of what we hope to be many new equipment sales contracts with a major national energy company. This new order represents four generators totaling 5.5 megawatts to support one of dozens of locations for this client across the country. We were able to demonstrate that we could deliver a superior product at a competitive price and do so in a timely manner. This also demonstrated that we can complete and deliver on a national basis. We hope this opens the door to additional orders in the near future."

In 2011, Titan posted approximately $10 million in equipment sales. Current bookings and backlog indicate that the company is on pace to exceed 2011 equipment sales figures.

"It is still early in the year, but we have accumulated a significant backlog of equipment projects which combined with an increase in new orders points to a strong 2012. Our sales team in New York in particular has unlocked a significant number of new opportunities that I expect to result in strong sales in the first and second quarters of this year," stated Jeffrey Flannery, Chief Executive Officer of Titan Energy Worldwide.