Published:
Titan Energy Systems Receives Purchase Order for Emergency Generator System From Madonna Towers, an Assisted Living Facility
Titan Energy Worldwide, Inc. (OTCBB: TEWI)
announced today that its subsidiary, Titan Energy Systems, has been awarded
a contract to supply one 600kW emergency engine generator system to Madonna
Towers, an assisted living facility in Rochester, Minnesota. Manufactured
by Generac Power Systems of Waukesha, Wisconsin, the backup system is
designed to provide emergency power to the entire building. The engine
generator will be installed outdoors in a sound attenuated enclosure with a
built in double walled diesel fuel tank.
The emergency power system also includes a service entrance rated GE Zenith
closed transition automatic transfer switch rated at 4000 amps. The
enclosure, breaker and transfer switch will be assembled at Electrical
Mechanical Inc, (EMI) a specialty switchgear and enclosure manufacturer
located in Minneapolis, MN. The closed transition transfer switch is a
premium product that eliminates any interruption of power when transferring
between two live sources.
Tom Vagts, COO of Titan, stated, "The closed transition transfer switch is
the right product for the health care industry. Not having to worry about
a power interruption when transferring back to the local utility is
extremely beneficial for critical healthcare type applications."
Madonna Towers will participate in the local utilities load curtailment
program. Under this program, Rochester Public Utility will have the
ability to turn the engine generator on during peak load scenarios.
Resulting savings from this program will help offset the capital cost of
the emergency power system.
More information on Titan Energy Worldwide and Titan Energy Services can be
found at www.titanenergy.com.
Investors are cautioned that certain statements contained in this document
as well as some statements in periodic press releases and some oral
statements of TEWI officials are "Forward-Looking Statements" within the
meaning of the Private Securities Litigation Reform Act of 1995 (the
"Act"). Forward-looking statements include statements which are predictive
in nature, which depend upon or refer to future events or conditions, which
include words such as "believes," "anticipates," "intends," "plans,"
"expects," and similar expressions. In addition, any statements concerning
future financial performance (including future revenues, earnings or growth
rates), ongoing business strategies or prospects, and possible future TEWI
actions, which may be provided by management, are also forward-looking
statements as defined by the Act. Forward-looking statements involve known
and unknown risks, uncertainties, and other factors which may cause the
actual results, performance or achievements of the Company to materially
differ from any future results, performance, or achievements expressed or
implied by such forward-looking statements and to vary significantly from
reporting period to reporting period. Although management believes that the
assumptions made and expectations reflected in the forward-looking
statements are reasonable, there is no assurance that the underlying
assumptions will, in fact, prove to be correct or that actual future
results will not be different from the expectations expressed in this
report. These statements are not guarantees of future performance and TEWI
has no specific intention to update these statements.
Copyright © 2008, MarketWire
Copyright © 2008, NewsBlaze,
Daily News
Tags: ,Energy and Utilities:Equipment, EnergyandUtilities:Utilities, ,OTCBULLB,OTCBULLB,MN,MINNETONKA, MN
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