Edmonton, Alberta, September 3, 2013 – Titan Logix Corp., (TSX Venture: TLA; "Titan" or "Titan Logix™" or the "Company"), an advanced technology industrial instrumentation and controls company, announces the release of the latest additions to the company’s family of radar liquid level gauging technology for mobile tankers. The new Stik™ radar liquid level gauges use Titan’s next generation guided wave radar technology, coupled with improved displays and controls, to provide unprecedented accuracy and ease of customer use.
The releases in this series include:
Av-Stik™: The Av-Stik is Titan’s asset management solution for the loading and unloading of aviation fuels. The Av-Stik provides high-accuracy inventory tracking, high-level shutdowns, low-level pump shutdown, and loading rack controls.
Chem-Stik™: The Chem-Stik is tailored to the chemical transportation industry. This Stik uses a 316L stainless steel probe for low maintenance and durability. It works with Titan’s Rack Control Module™ (RCM) to prevent overfills and spills when at a loading rack. The new Stik Monitor allows batch unloading while monitoring the total tank capacity.
UsedOil-Stik™: The UsedOil-Stik is capable of tracking batch information while loading and unloading used oil. Similar to the Av-Stik, it has high-power relays for controlling high-level alarms, and pump shutdown. This system keeps drivers off the top of the tank and prevents overfills while maximizing payload.
A built-in feature of the Stik Monitor is a communication interface to cellular/satellite modems for remote asset management. Custom software will be developed to tie in to customer specific systems. This is an often requested feature for fleet management.
"Historically, our primary market has been crude oil transportation. Releasing these new market-targeted products is a huge achievement for Titan Logix which we anticipate will open doors to enable us to further penetrate these and other markets," said Greg McGillis, P.Eng., President and CEO. "The measurement accuracy, programmability, and ease of installation, combined with the advanced Stik Monitor are second to none. We are excited to introduce these new Stiks. I applaud the entire team for a job well done."
Titan’s sales and marketing teams have eagerly awaited this announcement and are focused on an aggressive strategy to launch these new products. These Stiks will be featured on Titan’s new website which is scheduled to launch in September.
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"™.
- 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.
Greg McGillis, P.Eng.
President and Chief Executive Officer
Ph: (780) 462-4085
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