Titan Energy Worldwide (TEWI.OB) Kicks Off 2011 with Major Contracts

By @ibtimes on

The recession was hard on pretty much every company, large and small. The weak and mismanaged did not survive or were salvaged by the good graces of external forces. Since the recession was official declared over, much to the disbelief of many, the markets have recovered and big board stocks that could once be purchased at bargain prices have, once again, regained their hefty price tags which is sending investors looking to small and mid-cap companies in the search for hidden potential.

Like many others, Minneapolis, Minnesota-based Titan Energy Worldwide, a leader in distributed power generation products and intelligent energy management services, touched its lows in the beginning of 2009 and made a strong comeback. Over the last few months, the stock price has slipped from recent highs and may be offering a bargain opportunity again. News of contracts have been coming in over the last week, indicating a strong start to 2011 and the potential of an even better year than 2010.

On February 2nd, the Company announced that it delivered a 1750 kilowatt onsite emergency power system to the City of Rochester Public Utility for their new headquarters. Titan is a leading supplier and servicer of, amongst others, Generac (NYSE:GNRC) power systems and this order included a single 250kw onsite power system and a 1500Kw Generac MPS multiple paralleling systems for the Rochester Public Works facility located in Rochester, Minnesota. Titan sits among the elite with its relationship with large corporations due to its ability to provide systems that offer a smaller footprint and advanced controls as well as greater flexibility.

This news was followed promptly on February 3rd with the announcement of a renewed service contract to provide maintenance and repair services to hundreds of cell towers for one of the largest telecommunications companies in the United States. Our world is driven today by digital communications and Titan is in a prime position to continue to capitalize on the latest “4G revolution” with smart phones and other devices becoming the standard in daily operations for both personal and business communications.

Thomas Black, President of Titan Energy explained this situation best when he stated, “As more and more smart phones are deployed, and the need increases for more bandwidth to support video and streaming media, telecommunications providers are upgrading cell towers to include larger and better maintained onsite power generation. This represents a tremendous opportunity for Titan’s future growth.”

This preventative maintenance service agreement was renewed for 2011 and includes servicing approximately 450 engine generators and automatic transfer switches located at cell towers throughout the Midwestern United States. The engine generators are a mix of diesel, natural gas and propane fueled units ranging from 30-75Kw each. The service contract also includes fueling of the units as part of the normal preventative maintenance schedule. Titan is also required to perform all emergency and repair work above and beyond the normal scheduled preventative maintenance.

All too often, investor dig and dig to find “the next great thing” and overlook the basic essentials that are driving our world today; an area that Titan has positioned itself for not only today, but the future by establishing relationships with industry leaders. In the case of the latest press release announcing the renewal of the service contract, the revenues that will be generated from that agreement alone would topple the balance sheets of many smaller companies that strive towards hopefully generating revenues sometime in the future with their technologies. To make things very simple, our world unequivocally relies on power to go about day to day operations. Titan Energy Worldwide makes sure that happens.

More information on Titan Energy Worldwide, Inc., its operations and the investment opportunity presented can be found on the Company’s website at www.titanenergy.com

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