PRESS RELEASE
biz.yahoo.com
Titan Grabs World Attention
ALBUQUERQUE, N.M., June 18 /PRNewswire/ -- Titan Technologies, Inc., (OTC Bulletin Board: TITT - news) reports that the current energy crisis teamed with the growing fervor in congress to enact a National Energy Policy, heavily weighted toward renewable energy, has spurred an unprecedented number of inquires into Titan's recycling process. Titan's patented and commercially proven recycling system recovers high grade fuel oil, steel, gas and carbon black from scrap tires, of which, some 270,000,000 are discarded in the United States every year.
Titan has recently announced that the carbon recovered, from its tire recycling plant, can be activated and will bring a much higher price sold as an absorbent to waste water treatment plants and as an absorbent used to filter metals from flue gasses emitted from coal fired power plants. Tests have shown that activated carbon from tires is better than other carbons to extract mercury from flue gasses emitted from coal fired power plants. The mercury emitted from these plants poses a major health problem that must be addressed. Titan is the only company that has the proven technology capable of producing the huge amounts of pyrolized activated carbon required for this market.
Ronald L. Wilder, CEO of Titan Technologies reports that Titan has spent 10 years researching, developing and expanding its technologies so that it, today, can not only recover the fuel oil and metals from tires, but also from plastics and electronic parts. Titan has remained debt free during this research and development period, while expanding its technology to include plastics and electronic parts (computers, FAX machines, copiers, cell phones, etc.). Waste streams of discarded plastics and tires, deposited in landfills each year in the US alone, could produce up to 75,000,000 barrels of recovered fuel oil each year using Titan's recycling process. This does not include the millions of tons of metals and carbon black that can also be recovered.
Titan's technology is more than beneficial to the environment; Titan's technology is more than critical to recovering oil, carbon black and steel from recycled tires; Titan's technology is profitable. An investment of approximately $15,000,000 in the purchase and construction of a TRTM Plant should return approximately $7,000,000 per year to the purchaser based on oil prices of $20 per barrel, activated carbon black prices of $.50 per pound and Scrap Steel prices of $80 per ton. This is a return of approximately 45% on investment that should continue into the foreseeable future.
Management believes that proof that the Titan message is resonating around the world is shown by the number of serious inquiries that they are receiving every week from people interested in acquiring Titan's TRTM-100 Plants. The success of the Taiwan plant in recovering valuable oil and gases, marketable activated and inactivated carbon black and steel and profitably marketing those products. Titan is actively educating those persons on the technology and benefits while also trying to educate the Secretary of Energy and members of the Congressional Energy Committee on the real economic benefit to the country of the production of these products that are in short supply.
Mr. Wilder equates introducing a new and revolutionary technology to that of the first person who ate a Lobster. The person, although starving, still agonized over this unappetizing creature. Hunger finally outweighs fear of the unknown and this person cracks the shell, studying the contents, he finally takes a bite of the mysterious creature and a new industry is launched, thus convincing him that the rewards of risk are priceless and abundantly available.
Titan's technologies have been and still are being viewed and tested by many groups, companies and municipalities over the world. Many of these groups have reached the stage of ``cracking and studying the meat.'' Some have reached the ``eating'' stage. Those about ready to ``dine'' are:
Titan has nearly completed its negotiations with a group in Puerto Rico for a plant in that country. The group has contracted with others for 30,000 tons of tires per year has selected a site upon which it will locate a TRTM-100 Plant. The group informs Titan that it is finalizing its finances for the purchase.
Titan is negotiating with a group in New Orleans that has also secured an adequate supply of feedstock tires in that area. This group informs Titan that it will raise the necessary money to purchase a TRTM-100 Plant through a guaranteed industrial revenue bond offering.
Titan is in the early stages of negotiating with three additional groups who at the time of this release have sent representatives to Taiwan to view the TRTM Plant that is owned by Forrest All Industry Corporation, that is operating in that country. These groups include: -- a Japanese company has stated it is interested in acquiring
multiple plants for construction at various locations in Japan.
This company has already had an engineer in Albuquerque to review
the technology.
a London group has represented to Titan that it has its supply of feedstock tires in place and has sent their financial representatives to view the plant in operation.
an engineering company from Pennsylvania with a tie in to a company that markets carbon on an international basis and has expressed an interest in marketing all the activated carbon produced by the TRTM Plants worldwide.
Each of these groups and corporations appear to have the financial ability to purchase and construct one or more TRTM Plants, but, Titan has not made any independent inquiry into the financial condition or status of any of the companies and individuals with whom it is negotiating and can give no assurance that any of these groups or entities will, in fact, be able to purchase and construct a plant at any time in the future. Management is confident that the Company will, in the near future, be marketing its plants on a global basis. Presently, Asia is still leading the way. There is not a city, state or country in the world of substantial size that does not need Titan's recycling systems. Landfills are expensive and should not be used to dispose of waste materials that can permanently contaminate ground water.
SOURCE: Titan Technologies, Inc. |
