Press release from Marketwire
Titan Logix Corp. Announces Release of New Product for Mobile Tank Gauging: Rack Control Module
Thursday, June 20, 2013
Titan Logix Corp. Announces Release of New Product for Mobile Tank Gauging: Rack Control Module16:30 EDT Thursday, June 20, 2013
EDMONTON, ALBERTA--(Marketwired - June 20, 2013) - Titan Logix Corp., (TSX VENTURE:TLA) ("Titan" or the "Company"), an advanced technology industrial instrumentation and controls company announces the newest addition to its line of liquid level gauging products for mobile tankers.
The Rack Control Module (RCM) works with Titan's TD80™ liquid level gauging and overfill prevention system to prevent overfills at loading racks. Loading racks pump liquid petroleum or chemical products from a storage tank into a mobile tank truck or trailer. Titan's RCM enhances the versatility of the TD80™ by allowing the user to load at both optic and thermistor racks by providing the required electronic interlock connection between the TD80™ and the rack.
"After much hard work and dedication by the Titan Team, I am happy to announce this product release," said Greg McGillis, P.Eng., President and CEO. "Adding the RCM to our product line provides even more options for our current customers to use their TD80™ in additional applications and will enable us to sell to new customers."
Titan's sales and marketing teams have eagerly awaited this announcement and are focused on an aggressive strategy to rapidly launch this new technology.
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.
FOR FURTHER INFORMATION PLEASE CONTACT:
Titan Logix Corp.
Greg McGillis, P.Eng.
President and Chief Executive Officer