Titan Energy Worldwide, Inc. (OTC:TEWI) announced yesterday, in a press release, that it received orders for more than $1 million of power generation equipment from a variety of government institutions in Iowa, Nebraska and Minnesota. Shares of Titan Energy closed today at $0.211 per share on very light volume. The company averages just under 8,000 shares traded per day; has a market cap of $6.1 million and a 52-week range between $0.21 and $0.89 per share.These orders include thirty 35kW natural gas generators to the Department of Transportation and several larger systems to fires stations, courthouses, National Guard facilities and other government offices. In total, the orders represent 38 generators and a total of 4 megawatts of onsite power generation to be delivered in 2011.
"Orders from government institutions have made up a significant part of our generators sales and service business, demonstrating Titan's effectiveness in competing on public bids as well as the growing confidence many government institutions in the Midwest have gained for the Generac brand and Titan's ability to deliver superior services. Time and again we are proving that we can provide solutions others cannot," stated Tom Vagts, Vice President of Business Development for Titan Energy Worldwide.
Titan Energy Worldwide is a provider of onsite power generation, energy management and energy efficiency products and services that help support and improve the performance of our nation's electrical utility grid.
For more information, please visit the company's website at: www.titanenergy.com.
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