Titan Energy Worldwide, Inc. (TEWI), which competes with companies like Beacon Power Corporation (BCON) and Echelon Corporation (ELON), announced that it is opening up a new office in New Jersey in order to begin operations in the Northeastern United States.
Titan Energy Worldwide, Inc. (TEWI), a leader in distributed power generation products and intelligent energy management services, announced today that it has established an office in New Jersey to begin operations in the Northeast U.S. The Company now has seven offices serving eleven states, including: New York, New Jersey, Connecticut, Minnesota, Michigan, Iowa, Nebraska, North and South Dakota, Wisconsin, and Florida.
“We are very excited to open a sales and service office in the Northeast. The states of New York, New Jersey and Connecticut combined are a billion dollar market for our power generation products, energy management services and alternative energy solutions. At the same time, this new office is an important step in our plan to build out a national footprint that will allow us to better serve our customers and expand our products and services,” said Thomas Black, Titan Energy’s Chief Operating Officer.
The Company acquired certain assets of an established power generation company which is registered to do work in New York and New Jersey. Among the assets acquired include contracts with more than forty customers including major hospitality facilities, casinos, universities and apartment buildings.
“Titan Energy was able to establish these operations in New York and New Jersey by acquiring a solid book of business that had been established by Titan Energy Group. We also acquired a number of contracts for solar projects which propels Titan Energy into the alternative energy industry. The New York region alone offers tremendous opportunity for Titan from power generation to energy management services and solar solutions. With some of the highest energy rates in the country, the opportunity for demand reduction and energy management services is tremendous. We believe this region will contribute significantly and immediately to the growth of the company,” concluded Black.
About Titan Energy Worldwide, Inc.
Titan Energy Worldwide is 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 back-up 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.
