Edmonton, Alberta, April 20, 2016 – Titan Logix Corp., (TSX Venture: TLA) (“Titan” or the “Company”), a high technology company specializing in advanced technology fluid management announces it has secured a partnership with ATEK Access Technologies for the exclusive Canadian Value Added Reseller opportunity for ATEK’s industry leading line of remote tank monitoring solutions.
“Our industry leading line of remote tank monitoring solutions help our customers address safety considerations, cost effectively manage fluids and improve operational efficiencies,” said Sherri McDaniel, president of ATEK Access Technologies. “Titan’s proven leadership and extensive expertise in manufacturing and marketing of advanced technology fluid management solutions will help us meet the growing demand for the trusted TankScan product line throughout Canada.”
Titan Logix will be responsible for selling ATEK Access Technologies’ TankScan products into new and existing accounts, and identifying new applications for those products. The TankScan TSM8000 and TankScan TSU Ultrasonic liquid tank monitors provide the tools necessary to accurately monitor fluid levels in multiple tanks, across numerous sites, from anywhere an Internet connection is available.
The TankScan monitors are ideal for petroleum product distributors and others managing liquid assets, primarily intended for use in downstream, refined petroleum tanks. They optimize the distribution and collection processes while decreasing the need for manual inspections at remote tank sites. TankScan monitors also ensure trucks are deployed efficiently, eliminating costly run outs or overflows and providing customers with what they need when they need it.
"The exclusive Canadian TankScan VAR agreement for this industry leading tank monitoring solution is an important addition to Titan's family of level measurement technologies", said Greg McGillis, P.Eng., Titan's President and CTO. "The TankScan product suite provides our customers with a low cost, cloud-connected solution that eliminates the need for manual dipping of tanks, and facilitates tanker delivery route optimization, saving time, fuel and money. This exclusive third party product opens doors to new markets for Titan. It is an innovative product that enables Titan to more fully deliver on its mission to provide advanced technology fluid management solutions in the field, on the road and in the office."
About Titan Logix Corp.:
Founded in 1979, Titan Logix Corp. 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, and communication systems for remote alarming and control. Our products are currently used in the oil and gas, waste fluid collection, chemical and aviation industries.
Titan’s products are part of a complete asset management solution. The full solution consists of Titan’s products integrated with best-in-class third party solutions to enable our 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 TSX Venture Exchange and its shares trade under the symbol TLA.
About ATEK Access Technologies
ATEK Access Technologies, LLC is part of the ATEK Companies group of technology and manufacturing businesses. Its industry-leading brands use the power of advanced machine-to-machine (M2M) technologies to provide customers access to superior efficiencies and savings, essential data and systems, improved safety and control, and expert solutions and support. Its brands include AssetScan, Datakey, Larco and TankScan. For more information, visit www.atekaccess.com
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.
Information in this press release that is not current or historical factual information may constitute forward looking information within the meaning of securities laws. Implicit in this information are assumptions regarding our future operational results. These assumptions, although considered reasonable by the company at the time of preparation, may prove to be incorrect. Readers are cautioned that actual performance of the company is subject to a number of risks and uncertainties and could differ materially from what is currently expected as set out above. For more exhaustive information on these risks and uncertainties you should refer to our Management Discussion and Analysis in respect of the year ended August 31, 2015 which is available at www.sedar.com. Forward-looking information contained in this press release is based on our current estimates, expectations and projections, which we believe are reasonable as of the current date. You should not place undue importance on forward-looking information and should not rely upon this information as of any other date. While we may elect to, we are under no obligation and do not undertake to update this information at any particular time, whether as a result of new information, future events or otherwise, except as required by applicable securities law.
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TSX Venture, TLA
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