Edmonton, Alberta, April 25, 2016 – Titan Logix Corp., (TSX Venture: TLA) (“Titan” or the “Company”), a high technology company specializing in advanced technology fluid management solutions announces it has secured a partnership with Air-Weigh for the exclusive North American sales of a special technology integration between Titan’s advanced TD80 mobile fluid measurement and overfill prevention system with Air-Weigh’s advanced electronic on-board scales.
“Our leading line of on-board scales help our customers address and avoid overweight fines, improve safety conditions and improve operational efficiencies,” said Martin Ambros, President and CEO of Air-Weigh. “We’re excited to leverage Titan’s proven success and expertise to offer this advanced, integrated product for the mobile tank market.”
Titan Logix will be responsible for selling the Air-Weigh system in mobile tanker applications that integrate the LoadMaxx electronic truck and trailer scale with the Titan TD80 mobile fluid measurement and overfill prevention system. This exclusive Titan solution provides a single point for fluid management in mobile tankers, ensuring the operator does not overfill (or under-fill) either by volume or by weight. These features translate to cost savings (ie avoiding fines), increased tanker capacity utilization, improved driver safety, and reduced maintenance costs.
"Titan Logix and Air-Weigh working together provide the industry with a sophisticated yet simple solution”, said Greg McGillis, P.Eng., Titan's President and CTO. "This level of automation enables loading tankers without trying to calculate the weight of the fluid being loaded, which can be a difficult task, as the density can vary widely. As market leading experts in our respective technologies, Air-Weigh and Titan have been able to engineer an innovative product, which opens doors to new markets for both companies. This 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.
A global leader in on-board weighing solutions, Air-Weigh designs and builds scales for commercial and refuse vehicles around the world. Air-Weigh scales feature a patented dual-point calibration system and innovative technologies to help truck and trailer drivers reduce costs, improve safety and maximize profitability. With a reputation for accuracy and toughness, Air-Weigh scales are the preferred on-board weighing system for more than 100 original equipment manufacturers. Learn more at www.air-weigh.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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