Titan Energy Reports Strong Increase in National Account Sales Activity and Revenues

Service Revenues Projected to Exceed $3 million in 4th Quarter

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Nov 06, 2012, 10:59 ET

MINNEAPOLIS, Nov. 6, 2012 /PRNewswire/ -- Titan Energy Worldwide, Inc. (OTC: TEWI), a leader in distributed power generation products and intelligent energy management services, today announced that the Company has achieved strong growth in its National Accounts business, contributing to October service revenues of $1 million and projected 4^th quarter service revenues that could exceed $3 million. This represents a growth of more than 250% from the same period in 2011. Titan's National Accounts program services companies that have facilities in several cities and states across the United States. Titan offers a unified service program to all sites utilizing either its internal service technicians or third party authorized vendors.

Stated David Hawkins, Director of National Accounts for Titan Energy Worldwide, "We have successfully leveraged our advanced technologies and our passion for superior customer service to win contracts that normally would have gone to larger companies. Time and again, Titan has proven to be extremely capable, very responsive especially at times of need, and able to solve problems more quickly and cost effectively than other service providers. As a result, we have been able to command a national network of service providers that all adhere to the same levels of quality and accountability. We now have secured contracts with a number of major retail chains, one of the nation's prominent data center companies, as well as leading telecommunication providers."

"This explosive growth in our national account business is a direct result of the dedication and expertise that we apply to all our onsite power service programs. We have created programs designed to better manage the onsite power assets of major companies, we have designed and developed our own technological solutions if none existed and we have created a support network that can manage a growing number of these contracts in the future. I believe we are doing something unique in the onsite power industry and the opportunities for additional contracts could lead to significant growth in 2013," added Jeffrey Flannery, Chief Executive Officer of Titan Energy Worldwide.

More information can be found at the company's website, www.titanenergy.com.

About Titan Energy Worldwide, Inc.

Since its founding, Titan Energy Worldwide has been dedicated to helping companies meet their power generation and energy management needs. To date we have focused on providing thousands of customers with the most advanced power generation equipment to enable their operations to continue uninterrupted during times of power failures or disasters. We have also established a professional service team that helps customers to maintain and manage their power generations assets. From emergency and backup power technologies, to demand response programs and Smart Grid applications, Titan Energy is setting a path for the future in energy management. For more information, please visit the company's website at: www.titanenergy.com.

Forward-Looking Statements

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.

For more information about Titan Energy Worldwide please contact:

Jeffrey Flannery
Titan Energy Worldwide, Inc.
952-960-2371
[email protected]

SOURCE Titan Energy Worldwide, Inc.