Tuesday, September 23, 2008

Titan Energy Worldwide awards Saft contract to power electric mobile utility systems

source: http://www.tradingmarkets.com/.site/news/Stock%20News/1898600/



Titan Energy Worldwide, Inc. announced today that its subsidiary, Titan Energy Development, Inc., has selected Saft to power the Renewable Energy Mobile Utility System (REMUS). Designed for military application, REMUS is a mobile emergency utility system that incorporates renewable wind, solar and battery power to supplement a diesel generator and provide utility scale electrical services in situations where continued fuel sources are not available or too costly.

According to Thomas Black, President of Titan Energy Development, "The REMUS is an exciting development in the emergency energy industry as it offers a solution that is less dependent on traditional fuels, particularly in emergency and remote situations where fuel sources may be limited. By leveraging new alternative energy technologies to supplement traditional power sources, REMUS seamlessly extends the runtime of a single tank of fuel reducing operating costs."

Under the new contract, Saft is supplying a rechargeable lithium-ion (Li-ion) battery system, which is part of its standard line of products for Hybrid Electric Military Vehicles (HEMV). The Li-ion system recharges using renewable energy generated by the trailer's wind turbines and solar panels, enabling REMUS' diesel generator to run more efficiently and reduce fuel costs. The battery is also responsible for powering the trailer's HVAC and lighting package.

"Saft is proud to play such an integral role in the development and successful operation of REMUS," said Thomas Alcide, General Manager of Saft's Specialty Battery Group. "The trailer requires a small, lightweight battery capable of controlling numerous operations while maximizing fuel efficiency and Saft's advanced technology most effectively meets these specifications."

Titan Energy Development was contracted to build REMUS by NextEnergy, a Michigan nonprofit dedicated to advancing the development of alternative energy technologies. In coordination with the U.S. Defense Logistics Agency (DLA), the REMUS will provide electricity, heating and cooling for a new deployable Military depot and communication suite and will also provide domestic support during natural disaster response and relief efforts.

About Titan Energy Worldwide, Inc.

Titan Energy is a leader in the manufacturing, marketing and servicing of energy generation products and services, a major participant in the distributed, renewable, and alternative energy industries, and a leader in development and support for new energy-related technology. Founded in 2005, Titan combines engineering expertise, established sales and distributorships, service operations and unique strategic partnerships to meet the growing global demand for clean, efficient, energy solutions. Titan serves disaster recovery first responders, relief agencies, homeland security, the department of defense and municipalities. For more information, visit the company's website at www.titanenergy.com.

About NextEnergy

NextEnergy, Michigan's alternative energy accelerator, is a non-profit corporation dedicated to enabling the commercialization of energy technologies that positively contribute to economic competitiveness, energy security and the environment. NextEnergy drives technology collaborations, supplier diversification, progressive energy policy, and new business venture support to position Michigan as a leader in the emerging alternative energy industry. For more information please visit www.nextenergy.org.

About Saft

Saft is a world specialist in the design and manufacture of high-tech batteries for industry. Saft batteries are used in high performance applications such as industrial infrastructure and processes, transportation, space and defense. Saft is the world's leading manufacturer of nickel-cadmium batteries for industrial applications and of primary lithium batteries for a wide range of end markets. The group is also the European leader for specialized advanced technologies for the defense and space industries. With approximately 4,000 employees worldwide, Saft is present in 18 countries. Its 15 manufacturing sites and extensive sales network enable the group to serve its customers worldwide. For more information, visit Saft at www.saftbatteries.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.

Photo credits: Metromode http://www.metromodemedia.com/companies/titan0002.aspx


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