Titan Energy CEO Appears on TradersNation.com
Titan Energy Worldwide, Inc. (TEWI), which competes with companies like PowerSecure International Inc. (POWR) and Capstone Turbine Corporation (CPST), held an interview with TradersNation.com, which is one of the largest syndicated “live” cable and television talk shows for small cap stocks with more than 40 cable television syndication partners.
During the interview, Chief Executive Jeff Flannery provided a detailed overview of the back-up power generation industry and explained how it is rapidly expanding. Many companies are now looking for more than just stability in terms of downtime from the grid. – they want the ability to avoid using the grid during peak periods when electricity is expensive.
The back-up power generation business is also expanding into alternative energies like solar and wind technologies. Government incentives and the popularity of going off the grid is increasing demand for these solutions, and Titan Worldwide remains one of the few nationwide providers with offices in the Midwest and Florida and expansion plans for New York and California.
With regards to revenues, Titan Worldwide has been steadily expanding despite the turbulent economy. Mr. Flannery noted during the interview that he expects the company to generate revenues in excess of $10 million this year and $20 million in 2010, based on just its current business. Meanwhile, the executive expects to see profitability by the middle of next year.
In the end, Titan Worldwide remains well-positioned in a growing market for back-up and off-grid power generation solutions. Meanwhile, their nationwide presence helps it compete effectively against regional competitors that do not have as much capacity.
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