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.68 - great day & a big jump up.
Hey Stock, we've both been in this one for a long time.
Looks like our patience is starting to pay off.
Good luck.
Holy Crap!
That .68 looks great!
Just saw it.
More good news.
Already an order for $349,000. Titan just keeps adding to their revenue stream.
.58 close
Nice end to a quiet day.
Very close to that 52 week high.
Form 4 filed :
Titan president Jeffrey Flannery bought 2500 shares at .51 yesterday.(check EDGAR filing link in I-box)
Not a very large amount of shares, but I take it as a good sign that he is adding shares here.
Hey Stock,
Yeah, The good news keeps on coming & the revenue keeps increasing. I agree, I think 2010 is going to be a big year for Titan & I think that a dollar is coming pretty soon(IMO), but I am holding for much higher.
Good luck!
Titan Energy Worldwide Florida Subsidiary Selected to Service 52 Major Retail Stores in Florida
New Service Agreement Expands Number of Stores to 153 for National Big Box Retailer, Supports Titan Energy's Goal to Quadruple Service Contracts in 2010
MINNEAPOLIS, MN--(Marketwire - 01/25/10) - Titan Energy Worldwide, Inc. (OTC.BB:TEWI - News), a leader in distributed power generation products and intelligent energy management services, announced today that Grove Power, Inc., the Company's Florida-based subsidiary, has been selected to service the power generation equipment for 52 new stores in Florida of a national "big box" retailer. Titan Energy now covers 153 of this retailer's stores, including 101 facilities located in the Midwest.
"The award of these fifty-two new stores to our Grove Power service program is a strong validation of Titan Energy's growing national reputation in the power generation industry and shows the strength we have achieved by extending our base of operations into key areas such as Florida. Other factors contributing to our award of this contract include our ability to deploy highly trained service technicians promptly to store locations and the use of newer technologies such as remote monitoring to offer higher levels of service. With remote monitoring we are able to see the operating condition of a customers' power system 24 hours a day, 7 days a week and can respond almost immediately to a situation often before a customer is even aware there is a problem. The result is a tremendous increase in customer satisfaction," stated Thomas Black, Chief Operating Officer of Titan Energy.
"Annualized service contracts are a rapidly growing part of our business. In 2009, service contracts accounted for about 35% of our annual revenues. In 2010, we have a goal to increase service revenues by as much as 250% in 2010 which would generate approximately $10 million in gross sales. Our commitment is to continue to service national customers such as this major retailer and to offer newer and better technologies so that these sophisticated power generation systems can run more predictably and efficiently," added Mr. Black.
Titan Energy Worldwide Acquires Sustainable Solutions Inc., a Minnesota Based Energy Efficiency Company
Acquisition Expands Titan Energy's Capabilities to Provide Energy Audits and Energy Efficiency Programs for Utility Company's Industrial Customers
MINNEAPOLIS, MN--(Marketwire - 01/14/10) - Titan Energy Worldwide, Inc. (OTC.BB:TEWI - News), a leader in distributed power generation products and intelligent energy management services, announced today the acquisition of Sustainable Solutions Inc., a Minnesota company that specializes in providing energy efficiency services to industrial customers in the Midwestern U.S. This acquisition immediately expands Titan Energy's role in providing energy audits and energy efficiency programs to industrial and commercial customers and creates an opportunity in a market worth billions of dollars nationwide.
"The acquisition of Sustainable Energy creates a new division for Titan Energy in the energy efficiency industry that offers tremendous potential for growth. Utility companies in the Midwest have budgeted up to $75 million in 2010 to reduce energy consumption by more than 350 million kilowatt hours and there are thousands of industrial customers in Minnesota alone which are eligible for these energy efficiency programs. Sustainable Solutions provides contracts for energy audits in the Midwest which will immediately increase revenues while introducing Titan Energy to new customers. Our goal is to position Titan Energy as a leader in this industry and expand our energy efficiency programs nationwide," stated Thomas Black, Chief Operating Officer of Titan Energy.
Sustainable Solutions Inc. is contracted with a major Midwestern utility to provide energy audits to commercial and industrial customers in Minnesota. The energy audits performed by Titan Energy are designed to help customers identify ways to reduce electrical power usage and thereby decrease overall demand on the electrical utility grid. From this audit, Titan can then provide the customer with recommended programs and services to reduce energy usage and lower the customer's utility costs.
"The Midwestern U.S. is one of the most dynamic areas to be an energy efficiency provider, an area where Titan Energy is uniquely positioned to succeed. We have extensive experience in the utility industry, strong relationships with major manufacturers of power generation equipment, and the ability to provide 24/7 service in these territories. Few other companies can offer the full range of services that we can at Titan. Hundreds of millions of dollars have been dedicated to helping companies reduce energy usage and a variety of new programs are now available. As a full solutions provider, Titan can offer not only a complete energy audit but a full range of cost saving solutions to both the customer and the utility. This is an advantage that makes Titan unique in our industry," added Mr. Black.
Volume has been slowly increasing for a while now & it's been holding that .50 area pretty well (so far)
Maybe getting ready for that next move up
Good luck
* Letter to Shareholders *
December 21, 2009
A Letter from the Chairman and CEO
Dear TEWI Shareholder –
As this challenging year winds down, I wanted to reach out to you and offer an update on the events and advances of the past months as well as outline what we plan to accomplish at Titan Energy in 2010.
2009 was a tremendous year for Titan Energy. We achieved record sales, significantly expanded our operations, greatly improved our service offerings and moved closer to our goal of profitability. I want to thank all the members of the Titan Energy team – the managers, the sales personnel, service and support staff – for an incredible job. This was an effort that was shared among 47 individuals in nearly a dozen states. We all worked together and demonstrated that even in tough times, dedication, enthusiasm and commitment can produce great remarkable results.
Our accomplishments of the past few years have established a foundation for our progress in the years to come. The following shows how far Titan Energy has come in the short period since 2006:
We have expanded our operations from one to seven offices that now serve 1,000 customers in eleven states: Minnesota, Michigan, Wisconsin, Iowa, Nebraska, North and South Dakota, New York, New Jersey, Connecticut and Florida.
We have grown from zero to more than $10 million in annual revenues. With our current base of business alone I believe we will double our revenues in 2010 to $20 million!
We have completed acquisitions that opened offices in key territories including Miami and New York. Both of these regions are billion dollar markets for our energy management services and a great deal of our future growth will come from expanding our operations in these areas.
We are projecting that Titan Energy will become EBITDA positive by the middle of 2010. We have increased our margins significantly and cut our overhead expenses so that we expect to reach that all important fiscal goal within the first six months of next year.
Titan’s strategic expansion. We have successfully expanded our operations into Florida and New York through wise, accretive acquisitions of established power generation businesses in those states. In Florida we acquired the industrial business of a 52 year old power generation company in Miami. In 2010, we expect to do $6 million to $7 million in revenues in this state alone. In New York, we gained a $2.7 million book of business and the leadership of a successful energy management team in the Northeast. Between these regions, we are now fully operational in two billion dollar markets for our products and services.
Titan’s growing national footprint. The value of having a presence in multiple states is that a larger footprint will facilitate our ability to secure contacts with major companies that have facilities across the U.S. The addition of the office in New York was a big step in our plan to be a national company. We are exploring options to further expand into other strategic regions of the U.S., California in particular. With operations in the West, Titan Energy will truly be unique in our industry as we will have a national footprint by which we can better serve our customers.
Titan as a leader in energy management. Energy management is a trillion dollar a year business that has gained prominence as a national issue. We at Titan Energy have the experience, the resources and the foundation to be a true leader in this huge industry. Providing a company with a back-up generator is indeed helping that company better manage its energy resources by keeping its operations going during times of grid failure or natural disaster. However, that same generator can help that customer save money on its utility bill if there is a load curtailment program available through its utility. We also now offer solar solutions, asset management programs and many other services to our customers. Our goal is to be THE company that offers the most intelligent and complete energy management solutions to all of our customers.
Growth in service offerings. A key to our future success will be in expanding these service programs. Programs that we are looking to make a larger part of our overall service offerings include demand reduction and other energy savings solutions. A successful pilot project with a major retailer in the Midwest has recently demonstrated Titan’s unique capability to manage this kind of energy management service. Hundreds of our customers could benefit from this kind of program. Energy management programs represent a multi-billion market within the U.S., programs, offering recurring revenues and higher profit margins – key components to our path to profitability in 2010.
Energy efficiency. Titan Energy’s key assets are our people and the knowledge we have about energy management and efficiency. To expand our services in this area, we recently acquired a small company in Minnesota that specializes in conducting energy audits of companies for the local utilities. By working with the utilities and companies to help them understand their energy options, Titan Energy hopes to provide these customers with a wider range of energy management services and greatly expand our customer base.
Gaining exposure for Titan Energy in the investment community. We recently retained the services of Strategic Growth, Inc., one of the most respected IR firms on Wall Street who specialize in energy growth companies. Headquartered in New York, SGI has helped more than 200 companies maximize their shareholder value by providing access to investment professionals. Their first goal is to get Titan recognized in the investment community. We have made great progress in just the first four weeks of our engagement with SGI!
So with that, I want to wish all of you the happiest of holidays! Have a safe and wonderful New Year and I look forward to communicating with you as events and progress unfolds in 2010. As always you can reach me at jflannery@titenenegy.com if you have any questions or would like more information.
Jeffrey Flannery
Chairman of the Board and Chief Executive Officer
Going up slow & steady.
Very nice
My account is finally starting to look pretty good again.
The I-box has been updated.
Titan's website was updated a few days ago & everything in the I-box is from their site. Everything posted is the most current information I can find. If anyone can think of anything else that should be in the I-box please let me know. Thanks
More Great News from Titan.
They just keep on growing
The chart looks great,Stock.
Nice close at .40
Still need more volume, but it's starting to look pretty good IMO
Hey Stock,
.40 X .51
Looks like Titans getting a little action today
Yea, I liked that part too.
Institutional buying would be fantastic but for now I'll take anything that increases the volume.
This is just another step in the right direction for Titan. With each PR it seems that they are really trying to establish this company & make it successful.
Very good news.
Titan needs more exposure, hopefully SGI can help get the word out.
It sure does.
I would love to see what it would do with some good volume.
Can't believe with all the good news this is still under the radar.
Good luck.
Nice news and pretty decent volume so far today.
Lets hope this gets moving now.
Titan Energy CEO Appears on TradersNation.com
By Justin Kuepper • on November 2, 2009
TheOTCInvestor.com
Titan Energy Worldwide, Inc. (TEWI), which competes with companies like PowerSecure International Inc. (POWR) and Capstone Turbine Corporation (CPST), held an interview with TradersNation.com, which is one of the largest syndicated “live” cable and television talk shows for small cap stocks with more than 40 cable television syndication partners.
During the interview, Chief Executive Jeff Flannery provided a detailed overview of the back-up power generation industry and explained how it is rapidly expanding. Many companies are now looking for more than just stability in terms of downtime from the grid. – they want the ability to avoid using the grid during peak periods when electricity is expensive.
The back-up power generation business is also expanding into alternative energies like solar and wind technologies. Government incentives and the popularity of going off the grid is increasing demand for these solutions, and Titan Worldwide remains one of the few nationwide providers with offices in the Midwest and Florida and expansion plans for New York and California.
With regards to revenues, Titan Worldwide has been steadily expanding despite the turbulent economy. Mr. Flannery noted during the interview that he expects the company to generate revenues in excess of $10 million this year and $20 million in 2010, based on just its current business. Meanwhile, the executive expects to see profitability by the middle of next year.
In the end, Titan Worldwide remains well-positioned in a growing market for back-up and off-grid power generation solutions. Meanwhile, their nationwide presence helps it compete effectively against regional competitors that do not have as much capacity.
Titan Energy Worldwide CEO Jeff Flannery Appears on Traders Nation | inboundmarketingpr.com
Interview with Mr. Flannery:
http://www.facebook.com/l.php?u=http%253A%252F%252Fbit.ly%252F259U3v&h=8a93ca7cf59b0cd1db6109d498e28256&ref=mf
3.6 million shares bought at .0034 today
More great News from Titan again today
The company is growing quickly but the stock is extremely undervalued. Hopefully Titan starts getting noticed soon & the share price can rise to reflect the success of the company.
Thanks for the links, DaDutch.
Looks like Titan is starting to get some exposure.
I know what you're saying.
It's hard to believe that after all the good news that has been put out that the stock barely moves.
The company seems to be doing great with increasing revenue & contracts; hopefully the stock will start to follow soon.
I've been in this a long time now & I keep adding to my position at these low prices but I'm really looking forward to when this starts moving.
Good luck!
10-K is out
Titan Energy Worldwide Announces Record $3,500,000 in Bookings of Power Generation Equipment for 3rd Quarter
MINNEAPOLIS, MN--(Marketwire - 10/06/09) - Titan Energy Worldwide, Inc. (OTC.BB:TEWI - News), a leader in power generation products and energy management services, announced today that it has reached $1.4 million in bookings for new equipment for the month of September. Combined with the record $1.6 million of bookings in August, the Company has achieved a record high for a quarter with more than $3.5 million in new bookings for the 3rd quarter of 2009.
"Titan Energy Systems has continued to show record bookings and sales results for power generation equipment and service. With September's strong numbers, we have achieved an all-time high for bookings during a single quarter, an exciting trend that we do not see letting up as we move into the 4th quarter," stated Thomas Black, Chief Operating Officer of Titan Energy Worldwide, Inc.
"As bookings are orders that we expect to deliver to the customer in 2 to 3 months, at which time we realize the revenues from these sales, we expect this new order activity will contribute to strong revenue numbers in the 4th Q of 2009 and 1st Q of 2010. In fact, we very well could see record revenues in the upcoming months," added Mr. Black.
XHUA - .0065 Nice Close
Great day!
XHUA - .0065
Ripped through .006
XHUA - .0059
Strong volume coming in this afternoon.
Some big buys
Titan Energy Worldwide Shares Plan for Growth, Direction and Profitability in Letter to Shareholders
NEW HUDSON, MI--(Marketwire - 10/05/09) - Titan Energy Worldwide (OTC.BB:TEWI - News), a leader in the manufacturing, marketing and servicing of power generation products and services, today issued the following Company statement as a press release.
"During the last several months, Titan Energy Worldwide has produced record sales while continuing to grow the base of our Company's business. This progress is due to the strength of our business plan and the commitment of our management and staff. However, we have just begun to execute on our plan and are now focused on the next stages of the Company's growth and development. This letter to the shareholders will be the first in a series of communications from the Management of Titan Energy, as we continue to successfully execute on our vision to become 'A New Kind of Energy Company.'
"Our Place in the Nation's Smart Grid. Tremendous changes are taking place in the energy industry, and opportunities are arising with the development of new technologies, changing priorities and stronger solutions. Titan Energy was established to take advantage of the growing demand for reliable power generation and energy technologies in nearly every area of business. Our world runs on power and many industries require a source of energy that is dependable, continuous and reliable. In recent years the ability to control, manage and monitor power consumption has taken on greater importance as we seek to conserve energy as well as curtail energy costs.
"Titan Energy is a growing and dynamic participant in the distributed energy and energy management industries, important and vital components of the nation's 'Smart Grid.' Titan offers industrial power generators ranging in size from 50kW to several Megawatts that can be deployed and managed outside the current system of power plants and utility operated power supplies. We sell and service these generator systems to a wide range of industrial customers, including: hospitals, telecommunications companies, financial institutions, manufacturers -- any company that needs reliable and continuous power. We also provide a range of services to help customers better manage their energy assets, control energy consumption and utilize alternative energy technologies. These areas of the Smart Grid offer some of the most immediate opportunities for growth and profitability.
"Our Goals -- Growth and Profitability. We have completed two acquisitions that give us a solid foundation in the power generation business in the Midwest and Southeast United States. Having successfully integrated these companies into Titan Energy's operations, we have further demonstrated our ability to increase sales in these divisions, expand their services, and improve efficiencies. The result has been record bookings and sales, records that were posted during an economic recession! We are very proud of our management team, our sales and support staff and our industry partners for helping Titan achieve our current level of success.
"We are now ready to move forward and take our place as the energy company of the future. We have a foundation of solid business, key geographical territories, and skilled personnel who are knowledgeable about the technologies and services that are driving and redefining the energy industry. We have minimized our debt and restructured our company so as to reduce our overhead expense and make significant improvements to our bottom line. We are ready to grow and have a solid plan that will drive us to success.
"Our primary goals are:
1) To continue to grow our revenues internally.
2) To increase our geographic sales territories and business capabilities through acquisitions.
3) To further our capabilities with alternative energy technologies and expand our ability to offer energy management services and Smart Grid solutions.
4) To be EBITDA and cash-flow positive by June 30, 2010.
"Internal Growth. We believe we can double our current revenues (approximately $10 million), through internal growth over the next 24 months. This growth will take place through expanding our sales and service offerings, securing more long-term contracts and increasing the recurring revenue we receive. In our Midwest territory, for example, we have increased service revenues from 10% to 30% of the overall sales revenues during the past three years. In 2009, service revenues will account for $3 million of our $10 million in total sales. This trend is significant to our bottom line as the gross margin on service revenues is generally 50% or higher compared to 20% for equipment sales.
"We have identified key areas where we can expand our abilities to offer energy management and efficiency services to our customers. In addition to offering emergency power generation systems we can provide tools that will help our customers better manage their energy consumption, lower their energy costs, and tie them into local demand response or load curtailment programs which will generate additional savings. These services and technologies represent additional revenues, potential long term contracts and strong margins for Titan Energy. There is tremendous opportunity for Titan Energy in these areas.
"New Territories. We have tremendous opportunities in Florida, a state that has a great need for distributed power systems. We estimate that the Florida market offers three times the potential of our Midwest market. In other words, we believe we should be able to reach $15 million to $20 million in sales in Florida and the Caribbean over the next few years. We are also actively pursuing the acquisition of established and profitable companies that will further broaden our sales territory, increase our revenues and provide us with additional technologies and products that we can offer our customers.
"Alternative Energy Solutions. We are actively looking at ways in which we can use our expertise in distributed generation to work with alternative energy technologies such as wind and solar. One of our states, Iowa, is the largest provider of wind power in the U.S. New York and New Jersey, where we hope to be operating in a few months, are two states with innovative programs and opportunities to provide solar and other alternative technologies. These areas offer tremendous opportunity for Titan Energy.
"A Commitment to Profitability and Success. With this overall plan in place, Titan Energy management feels confident that we will achieve our primary goal no later than June of 2010 to be EBITDA and cash flow positive. We have clearly demonstrated our ability to grow and manage our Company even during challenging times. These new goals have been set so that we can be measured in our efforts and commitment to meet these objectives. We have a good, solid base of shareholders who have supported the Company over the past two years. We feel that the best steps we can make to bring value to their investment will be to achieve a positive and sustainable cash flow while establishing the Company in these areas of strong future growth. We believe we have the fundamentals to achieve these objectives, a plan that will take Titan Energy into exciting and profitable areas, and the commitment to succeed and reward all who have invested in our enterprise."
.0009 - Nice Close
Real good volume today
XHUA - .0045
Big Volume coming in.
XHUA - .0038 New HOD
Chart looks good Stoli!
Titan Energy Worldwide Announces Record $1,600,000 in Bookings of Power Generation Equipment for the Month of August
Company Subsidiary Also Achieves Highest Monthly Revenues for 2009 With $900,000
MINNEAPOLIS, MN--(Marketwire - 09/02/09) - Titan Energy Worldwide, Inc. (OTC.BB:TEWI - News), a leader in power generation products and energy management services, announced today that its Midwest subsidiary, Titan Energy Systems, has received bookings of more than $1.6 million in August of 2009 for power generation equipment. This is the largest single month of new bookings since the Company was founded. Titan Energy also released preliminary revenues results for August and sales at TESI topped $900,000, the highest month to date in 2009.
"Titan has been able to perform at record levels despite the downturn in the economy. This is a testament to the strength of Titan's management team, the execution of our business plan and the ever growing demand for our energy products and services. I am confident, based on this continued strong performance, that Titan will end the year with record sales," stated Thomas Black, Chief Operating Officer of Titan Energy Worldwide, Inc.
Titan Energy has two operating divisions, Titan Energy Systems which provides power generation sales and service in the Midwest, and Grove Power, Inc. which also provides power generation sales and service in the state of Florida and throughout the Caribbean. Bookings represent orders for new equipment that have been placed by customers. Once the equipment has been manufactured and shipped, these bookings are then recorded by the company as sales revenue. The time between a booking and sale can vary from two to four months.
XHUA - .0042 moving up quick now!
XHUA - .0038
Broke through the .0036 wall easily
Looking good today IMO!
Titan Energy Becomes MTU Onsite Energy Power Partner in Florida
MINNEAPOLIS, MN--(Marketwire - 08/20/09) - Titan Energy Worldwide, Inc. (OTC.BB:TEWI - News), a leader in the manufacturing, marketing and servicing of energy generation products and services, announced today that its subsidiary, Grove Power, Inc., has signed on to become a Power Partner distributor for MTU Onsite Energy, a member of the Tognum Group.
"We are proud to be an official member of the MTU Onsite Energy team, representing their fine line of power generation products in the Florida and Caribbean markets. Execution of the Power Partner Agreement completes our positioning of Grove Power as a major provider of emergency and back up power in this critical region. Through the acquisition of the Industrial business from RB Grove, we directly benefit from a 50-year reputation for generator sales and service in Florida. We intend to build upon that foundation and to grow this market significantly," stated Thomas Black, Chief Operating Officer for Titan Energy Worldwide.
MTU Onsite Energy is one of the world's leading providers of diesel, gas, and fuel cell systems, and the first to offer a complete product line of technology in the industry. The energy systems comprise diesel engines for emergency power generation, basic and peak load, and cogeneration power plants based on gas engines, fuel cells and gas turbines that generate both electricity and heat.
"With a population of nearly 20 million people and a climate that experiences frequent storms and hurricanes, the Florida region is nearly 5 times the size of our Midwest operations. We see the potential for tremendous growth and development in this region and expect Grove Power to develop into a major revenue and profit center for the company," added Mr. Black.
Titan Energy Worldwide Reports 1st Half 2009 Financial Results
Sales Down Slightly, but Company Reduces Expenses by 20% and Cuts Losses by 37%
MINNEAPOLIS, MN--(Marketwire - 08/18/09) - Titan Energy Worldwide, Inc. (OTC.BB:TEWI - News), a leader in the manufacturing, marketing and servicing of energy generation products and services, today released financial results for the six months of 2009 and the second quarter ended June 30, 2009. Company sales were down slightly compared to the first six months of 2008, but expenses were cut by 20% in 2009 and losses reduced by 37% compared to 2008. Sales in 2nd half of 2009 are expected to be up as effects of the recession on the Company business are expected to be short lived. More detail can be found in the Company's Form 10Q field with the Securities and Exchange Commission (SEC) on August 14, 2009 at www.sec.gov.
"Sales revenues were down slightly in the first half of 2009 due to the effects of the economic downturn in the construction industry, but new bookings for the company indicate that any effects of the recession on our business will be short-lived and the Company expects to be back on track if not greatly improved for the remainder of the year. In fact, our ability to cut back on administrative expenses in 2009 allowed us to weather this temporary drop in sales while dramatically reducing our losses compared to the first six months of 2008," stated Jeffrey Flannery, Chief Executive Officer.
The company reported second half sales revenues of $3,754,059, a 4% decline from the second half of 2008. Management attributes this drop in sales to a decrease in sales of larger sized (600kW and higher) power-generation systems, a consequence of a decline in new construction during the past several months. During this time, however, the Company was able to cut its expenses by more than $345,000 compared to the first six months of 2008, and so was able to reduce its loss from operations by more than 37%.
"Our ability to meet economic and seasonal challenges in the marketplace are greatly improved with the acquisition of Grove Power in Florida. The Midwest and the Southeast experience differing seasonal variations in sales patterns and so we expect the consolidated performance of the company to stabilize and grow as we continued to develop out the market in Florida and the Caribbean. All indications, based on future bookings in both the Midwest and in the South, are that we will have a strong second half in 2009 as compared to the first half and hopefully one of our strongest years to date," added Mr. Flannery.
XHUA - .0026
On the move again