Titan Energy Worldwide, a leader in distributed power generation products and intelligent energy management services, today announced the closing of its acquisition of Stanza Systems. Stanza is a leading network communications and Smart Grid development company based in Houston, Texas. Among other things, Stanza develops advanced network technologies for various Fortune 500 companies, and is known for key innovations in the operation of large scale wireless networks. The acquisition gives Titan a platform for the development and management of its remote monitoring and automated control systems for onsite power generation.
Titan Chairman and CEO, Jeffrey Flannery, said of the closing, “The acquisition of Stanza Systems immediately places Titan Energy in a leadership role in the development of new communication technologies for onsite power generation. Stanza has been our technology development partner for over a year and will now become an integrated part of Titan Energy. I believe Titan Energy offers the finest program for servicing and managing onsite power generation, and with the addition of Stanza’s team of engineers we will further strengthen our position in this rapidly growing market. Through Stanza’s expertise, Titan Energy will now be able to offer new automation, remote control and asset management services that will extend the life of these valuable generators, improve operations, create new energy efficiency tools and save both our customers and utilities money. In fact, I strongly believe that the technology we are developing will change the way that power generation assets are used and managed, opening the doors to new and more effective ways to deliver demand response and distributed generation solutions to the electrical utility industry.”
George Wren, who will continue as President of Stanza, added, “We are very excited to become a part of the Titan Energy team, and plan to contribute strongly to the vision it has developed to be a technology leader in the growing industries of demand response and distributed generation. Since we began working together in 2009, we have set out the framework for what we believe will be the most advanced communications and management technology ever developed for distributed energy assets. This new system of communicating and controlling arrays of power generation systems will offer new benefits to utilities and companies.”
For more information on Titan Energy, please visit the company’s website at: www.TitanEnergy.com.
About QualityStocks:
QualityStocks is committed to connecting subscribers with companies that have huge potential to succeed in the short and long-term future. We offer several ways for investors to learn more about investing in these companies as well as find and evaluate them.
Sign up for “The QualityStocks Daily Newsletter” at www.QualityStocks.net
The Quality Stocks Daily Blog http://blog.qualitystocks.net
The Quality Stocks Daily Videos http://videocharts.qualitystocks.net
The Quality Stocks “Ones to Watch” http://Gotstocks.QualityStocks.net
Please see disclaimer on QualityStocks website: http://disclaimer.qualitystocks.net
Subscribe to:
Post Comments (Atom)
No comments:
Post a Comment