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[QUOTE]Originally posted by J_U_ICE: [QB] TEWW (.091) Subsidiary, Stellar Energy Services, Completes $329,000 Sale of Back Up Power System to Hospital Business Wire "US Press Releases " SAN DIEGO--(BUSINESS WIRE)-- Titan Energy Worldwide (OTCBB:TEWW) announced today that its wholly owned subsidiary, Stellar Energy Services, has completed the sale and installation of back up and emergency power system to the District One Hospital in Faribault, MN. Total cost of the project was $329,000 which includes electrical installation services from Cedar Lake Electric. The system sold to District One Hospital was a Generac modular power system (MPS) which in this case is comprised of two 500 kW diesel fueled units which work in concert to provide an output of up to 1 Mega Watts. The MPS provides back up and emergency power of the Hospital facilities and can be added to in a modular fashion to increase output in the future. Stated Thomas Black, President of Titan Energy Worldwide, "It is estimated that as many as 50% of existing healthcare facilities do not have adequate power back up and could experience major problems in case of an outage or disaster. The District One Hospital was relying on a backup generator that was too small for their new data center and would have had difficulty meeting the projected growth of the hospital. We were able to provide a cost-effective solution that is reliable and can easily expand as the needs at that hospital increase." Stellar is an authorized dealer and provides sales and support for Generac Power System, Inc. (www.generac.com) generators and other products in Minnesota, West Wisconsin, North and South Dakota, Iowa and Nebraska. Through Stellar, Titan offers a full range of gas and diesel powered products including standby power systems, modular power systems, residential, light commercial and telecommunications systems. More information on Titan Energy Development Inc. can be found at [URL=http://www.titanenergydevelopment.com.]www.titanenergydevelopment.com.[/URL] More information on Stellar Energy Services can be found at [URL=http://www.stellarenergyservices.com.]www.stellarenergyservices.com.[/URL] Investors are cautioned that certain statements contained in this document as well as some statements in periodic press releases and some oral statements of TEWW 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 TEWW 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 TEWW has no specific intention to update these statements. Note to Editors: Image available - Titan Sentry 5000 Source: Titan Energy Worldwide, Inc [/QB][/QUOTE]
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