Titan Energy Reports Strong Increase in National Account Sales Activity and Revenues
Service Revenues Projected to Exceed $3 million in 4th Quarter
-- Titan Energy Worldwide, Inc. (TEWI), a leader in distributed power generation products and intelligent energy management services, today announced that the Company has achieved strong growth in its National Accounts business, contributing to October service revenues of $1 million and projected 4th quarter service revenues that could exceed $3 million. This represents a growth of more than 250% from the same period in 2011. Titan's National Accounts program services companies that have facilities in several cities and states across the United States. Titan offers a unified service program to all sites utilizing either its internal service technicians or third party authorized vendors.
Stated David Hawkins, Director of National Accounts for Titan Energy Worldwide, "We have successfully leveraged our advanced technologies and our passion for superior customer service to win contracts that normally would have gone to larger companies. Time and again, Titan has proven to be extremely capable, very responsive especially at times of need, and able to solve problems more quickly and cost effectively than other service providers. As a result, we have been able to command a national network of service providers that all adhere to the same levels of quality and accountability. We now have secured contracts with a number of major retail chains, one of the nation's prominent data center companies, as well as leading telecommunication providers."
"This explosive growth in our national account business is a direct result of the dedication and expertise that we apply to all our onsite power service programs. We have created programs designed to better manage the onsite power assets of major companies, we have designed and developed our own technological solutions if none existed and we have created a support network that can manage a growing number of these contracts in the future. I believe we are doing something unique in the onsite power industry and the opportunities for additional contracts could lead to significant growth in 2013," added Jeffrey Flannery, Chief Executive Officer of Titan Energy Worldwide.
