TLA Titan Logix Corp

Titan Logix Corp., (TSX VENTURE:TLA) ("Titan" or the "Company"), an advanced
technology industrial instrumentation and controls company announces that it has
signed an agreement with UK based MechTronic Limited to be the sole distributor
of its advanced refined fuels gauging system for North, Central, and South
America. One of Titan's top priorities is continued innovation and establishing
partnerships to increase revenue through diversification into new markets. The
MechTronic gauge complements Titan's TD80(TM) and Stik(TM) suite of product
offerings to further expand Titan's position as the leading gauge supplier to
the tank truck and trailer industry.


The MechTronic gauge is designed for fleet fueling and fuel transport
applications. It provides dispatchers and drivers high accuracy level/volume
measurement, together with density calculation that will enable more cost
effective inventory management and help prevent cross- contamination. These
benefits are provided while enhancing operator safety during the loading and
unloading process. The product will be sold in various configurations - as a
stand-alone solution, integrated with Titan's other products, or integrated into
3rd party on-board-computer (OBC) systems.


"I am excited about this opportunity with MechTronic," said Titan President and
CEO, Greg McGillis. "This agreement enables Titan to advance into the refined
fuels market, which has an even larger market potential than the crude oil
market we currently serve. I look forward to working with the MechTronic team."


MechTronic was founded in 2004 and has established itself as a market leader
with a reputation for providing inventive product solutions that are easy to
operate. MechTronic is headquartered in Leeds, UK. Their products have been
widely accepted throughout Europe.


"We are looking forward to the relationship with Titan," said Trevor Poulter,
Director at MechTronic. "There is an excellent fit for our gauge alongside their
products. Titan's strong reputation in the industry, and our reputation for
developing solid products, is a natural pairing."


Titan's Business Development Manager, John O'Connell, will lead the pre-launch.
He will work with industry-leading suppliers and end users to bring the benefits
of this advanced product to their operations. Full launch is expected to
commence mid-way through 2014.


About Titan Logix Corp.:

Founded in 1979, Titan Logix Corp. ("Titan" or "the Company") is a high
technology company specializing in Research and Development (R&D), manufacturing
and marketing of advanced technology fluid management solutions. The Company's
products include Guided Wave Radar (GWR) gauges for level measurement and
overfill prevention (particularly for use in mobile tanker applications), level
gauges for storage tanks, burner management for oilfield heaters, and
communication systems for remote alarming and control. The products are
currently used in the oil and gas, waste fluid collection, chemical and aviation
industries. These technologies and their derivatives under development are
applicable to a variety of additional markets which Titan plans to expand into
at the appropriate time. A common practice in many of these markets is the use
of manual methods for measurement and control. Due to safety considerations, the
rising cost of many fluids, awareness and concerns about the environment and
technological advancements enabling better operational efficiencies, we are
experiencing an increased demand for our advanced technology products. We
anticipate this demand will continue as we pursue expansion into other markets.


The products we manufacture are part of a complete asset management solution.
The full solution consists of our own market leading products integrated with
best-in-class third party solutions to enable our customers to benefit from
complete fluid management, throughout each stage of their fluid handling
processes. This is captured by our slogan "Advanced Technology Fluid Management
Solutions, In the Field, On the Road, In the Office"(TM).




--  In the Field: "In the Field" refers to Titan's solution offerings for
    storage tanks and process vessels. 
--  On the Road: "On the Road" refers to Titan's solution offerings for
    mobile tanker trucks and trailers. 
--  In the Office: "In the Office" refers to Titan's solution offerings that
    enable customers to monitor their fluid assets from the convenience of
    their dispatch center or other back office environment through a wired
    or wireless connection.



Titan Logix Corp. is a public company listed on the Toronto Venture Stock
Exchange and its shares trade under the symbol, TLA.


Neither TSX Venture Exchange nor its Regulation Services Provider (as that term
is defined in the policies of the TSX Venture Exchange) accepts responsibility
for the adequacy or accuracy of this release.


This news release contains certain statements with information that may be
forward-looking and subject to unknown risks and uncertainties. The actual
results, performance and achievements of Titan Logix Corp. may differ materially
from the results, performance and achievements expressed or implied by such
forward-looking statements. These forward-looking statements may not relate
strictly to historical or current facts. They represent management's views as of
the date of this press release and we assume no obligation to update them. We
caution you not to place undue reliance on these forward-looking statements.


FOR FURTHER INFORMATION PLEASE CONTACT: 
Titan Logix Corp.
Greg McGillis, P.Eng.
President and Chief Executive Officer
(780) 462-4085
invest@titanlogix.com
www.titanlogix.com

Titan Logix (TSXV:TLA)
過去 株価チャート
から 12 2024 まで 1 2025

Titan Logix (TSXV:TLA)
過去 株価チャート
から 1 2024 まで 1 2025