EDMONTON, ALBERTA--(Marketwire - Oct. 7, 2011) - Titan Logix Corp., (TSX VENTURE:TLA), a Canadian advanced technology industrial instrumentation and controls company, reported today of the shipping of a record number of its TD80 Level Transmitters.
Les Evans, CEO of Titan Logix Corp. announced Titan's largest single TD80 order to date. "On September 29th, Titan shipped a record number of TD80s to one of our U.S. based customers. This order, which was more than 25x our average order, was received in late August and was shipped one day earlier than promised. This is a reflection on our team's agility, and our continued commitment to our customers. We were able to accommodate this substantial order while maintaining regular shipment activity for the month."
The TD80 Level Transmitter is Titan's guided wave radar device used in the transportation industry. It uses radar to measure the liquid level in a tank then converts this measurement to useable units and sends the information to a display or monitoring unit. Using no moving parts, this revolutionary technology provides exceptionally safe and reliable level measurement and spill prevention in a wide variety of liquids and applications.
President and Chief Operating Officer, Greg McGillis said that Titan's recent decision to strengthen its core business has allowed manufacturing to become more versatile. "With over 1,975 oil rigs currently drilling in the United States, approximately 500 currently drilling in Western Canada, and market indicators showing a high-level of sustained activity, we anticipate continued growth over 2011/12." He added, "Titan has a solid Strategic Plan and this is one reflection of its successful execution. I am proud of our accomplishment."
About Titan Logix Corp.:
Founded in 1979, Titan Logix Corp. has evolved into an advanced technology industrial instrumentation and controls company. We design, manufacture, distribute and service instrumentation, control and automation solutions. These technologies are used primarily in the oil and gas, transportation and aviation industries, which for many years have relied on manual intervention. However, due to rising costs, concerns and awareness about the environment, (including the importance of spill prevention) and technological advancements - to list but a few reasons – we expect an increased demand for our products. The products we specialize in comprise an essential part of a complete asset management solution in the following categories:
- Transport Instruments: guided wave radar liquid gauging and control systems for mobile tankers;
- Level and Flow Instruments: mechanical and electronic liquid level gauging systems for storage tanks and industrial process vessels;
- Burner Controls: electronic burner management systems for atmospheric industrial heaters; and
- Telemetry and Control Products: communication and control systems enabling remote telemetry and management of site processes.
Titan Logix Corp. is a public company listed on the Toronto Venture Stock Exchange and its shares trade under the symbol, TLA.
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.
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.