TEWW -Titan Energy Worldwide Subsidiary, Stellar Energy Services, Expands Its Sales and Service Contracts in Telecommunications Markets
Business Wire - January 09, 2007 09:00
SAN DIEGO, Jan 09, 2007 (BUSINESS WIRE) -- Titan Energy World Wide (OTCBB:TEWW) announced today that its wholly owned subsidiary, Stellar Energy Services, has entered into new sales and service agreements with a number of national and regional telecommunications companies. Stellar is an authorized distributor and service provider for Generac Power Systems, Inc., a manufacturer of standby and emergency engine generator systems and related equipment. Titan recently announced in December that it had acquired 100% of Stellar in a cash and stock transaction.
Stated Thomas Black, President of Titan Energy Worldwide, "The telecommunications market is a strong one for Titan and through Stellar we hope to continue to expand our sales and service agreements. The increase in the number of cellular towers and the need to upgrade at existing facilities represents a large opportunity for us to grow. At the same time, service contracts represent recurring revenues and help develop a committed client base."
Titan announced that Stellar Energy Services has entered into a new annual service contract for 2007 with a national telecommunications company. The generator preventative maintenance will be performed in North Dakota and will cover a total of 159 cellular tower locations along with refueling services. The value of the contract is $93,275.
Stellar Energy Services also secured a three year contract with another telecommunications company to provide generator preventative maintenance service and load bank testing at 89 different sites in Nebraska. The value of this contract is $195,792. After performing load bank testing, Stellar has provided three new generators at sites that needed upgrades.
Stellar is an authorized dealer and provides sales and support for Generac Power System, Inc. (www.generac.com) generators and other products in Minnesota, Western Wisconsin, North and South Dakota, Iowa and Nebraska. Through Stellar, Titan offers a full range of gas and diesel powered products including standby power systems, modular power systems, residential, light commercial and telecommunications systems.
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