To: george saintonge who wrote (55428 ) 2/12/1999 1:48:00 PM From: songw Read Replies (1) | Respond to of 119973
Titan corp TTN 6- Undiscovered food irradiation play Food irradiation companies Food Tech Service VIFL up over 100% trading 5s and Sterigenics STER +1 18s. Another company in the sector may be Titan Corp TTN trading near 6. Last year the company merged their medical device sterizilation and food pasteurization businesses -From their release of May 98; "The Titan Corporation (NYSE:TTN) today announced it has formed a new business group, Titan Sterilization and Pasteurization Systems, comprised of the Company's medical product sterilization and food pasteurization businesses, and that it has named Gregory F. Szabo as president of the group. "The formation of this new group comes as a result of our many recent successes and the large potential for future continued growth in our sterilization and pasteurization businesses," stated Gene W. Ray, Titan Corporation President and Chief Executive Officer. "We see significant opportunities ahead, and are extremely fortunate to have a highly respected senior executive in the medical equipment business join us to lead this group as its president." Titan Sterilization and Pasteurization Systems consists of two operating divisions, Titan Scan Systems (medical sterilization), and Titan Beta (food pasteurization). During 1997, revenues for Titan's sterilization and pasteurization businesses grew 112% over the previous year, and were profitable. The businesses ended the year with backlog up by 27%, and there are currently more than a dozen active proposals pending. Titan Sterilization and Pasteurization utilizes Titan's proven electron beam linear accelerator technology (E-Beam) to provide sterilization systems and services for medical device manufacturers, and is working with food processors on the potential pasteurization of food products. Titan's E-Beam sterilization technology offers a reliable, environmentally acceptable and efficient alternative to both Gamma and ethylene oxide sterilization Titan's efforts in the food processing area have benefited from a strategic alliance with APA, Inc., a Nebraska-based engineering, architectural and consulting firm that has spent more than three years studying electron beam radiation's applicability in the food processing industry. Interest in Titan's SureBeam(R) technology has increased since the Food and Drug Administration approved the use of such technologies to combat E.coli last December. Titan has been meeting with the executives from major food processors in the United States, and has received very positive response. The Company is now participating with the U.S. Department of Agriculture on the establishment of more specific regulations. " "http://www.titan.com/pressreleases/980529.html TTN IR confirms food pasteurization division