Titan Logix Corp. Announces Appointment of New CEO
Edmonton, Alberta, February 23, 2018 – Titan Logix Corp., (TSX Venture: TLA) ("Titan" or the "Company"), a high technology company specializing in advanced technology fluid management solutions is pleased to announce the appointment of Alvin Pyke, a current director of the Company, as the new Chief Executive Officer of the Company.
Mr. Pyke has been a director of the Company since April 2017 and was formerly the President and CEO of Helical Pier Systems Ltd. He was a founder of Helical Pier Systems Ltd., a company that provides design, manufacturing and installation services across the North American landscape to the oil and gas industry, electrical power transmission and distribution companies, and commercial projects. Mr. Pyke is a professional engineer and entrepreneur with over 30 years of corporate experience.
“I am pleased to have Alvin accept the role of CEO.” said Grant Reeves, Chairman. “His extensive leadership experience will provide additional support to senior management in progressing the Company’s development.”
“I would like to thank the Board for believing in my vision for the future of Titan. It is a very exciting opportunity for me and I am pleased to be part of the Titan team. I look forward to collaborating with the exceptionally strong staff at Titan.” said Mr. Pyke. “It is with a sense of focused pursuit we begin a new chapter and renewed purpose at Titan. Our entire team is aligned to achieve the Company’s objectives.”
As a result of Mr. Pyke’s appointment as CEO, he has stepped down from the Audit Committee and Grant Reeves resumed his position on the Audit Committee.
About Titan Logix Corp.:
Founded in 1979, Titan Logix Corp. (“Titan” or “the Company”) is a developer, manufacturer and marketer of innovative fluid measurement and 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. Titan’s 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 remotely 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.
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, 2017 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.