MINNEAPOLIS, MN--(Marketwire - 07/26/10) - Titan Energy Worldwide, Inc. (OTC.BB:TEWI - News), a leader in distributed power generation products and intelligent energy management services, announced today preliminary financial results for the second quarter of 2010. The Company reports a record quarter of more than $4 million in gross sales, an increase of 92% over Q2 2009. Revenues of $2.0 million for June are a record month for the Company. The Company plans to file its complete quarterly financial statements on or before August 15, 2010.

The Company also reports that it operations were cash flow positive for the 2nd Q of 2010, the first time in the Company's history to have achieved this milestone. Cash provided by operations in the 2nd Q of 2010 was $3,496, compared to a cash burn of$214,053 in the same quarter last year. The reason for this improvement in cash flow was primarily due to increased sales revenues and higher margins overall on sales.

"We are proud to announce another outstanding month and quarter for Titan Energy, including meeting the goal we set out to achieve 6 months ago, which was to be cash flow positive by June 30, 2010. This is a very important step for Titan Energy as we seek to achieve profitability," stated Jeffrey Flannery, Chief Executive Officer of Titan Energy Worldwide.

"The first two quarters of the year have historically been slower for the company due to weather and construction activity in the Midwest. Looking ahead we have a strong backlog of projects in all of our territories, and still believe we are on course to end the year with triple digit growth over 2010. At the halfway mark through the year, we have recorded $7 million in revenues, an 86% increase over the first half of 2009. Looking ahead, in the Midwest we are closing some of the largest single contracts to date. We are seeing tremendous advancements in our Florida and our New York/New Jersey operations have established a strong backlog of projects we hope to fulfill this year. The second half of the year is going to be very exciting for Titan Energy," added Mr. Flannery.

About Titan Energy Worldwide, Inc.

Titan Energy Worldwide a provider of onsite power generation, energy management and energy efficiency products and services that help support and improve the performance of our nation's electrical utility grid. We operate in an area of the overall electrical utility infrastructure called Distributed Generation, whereby we specialize in the deployment of power generation equipment at the consumer's facility and the integration of that equipment through monitoring and communication systems with the needs of the utility's electrical grid. These onsite power generation systems support a customer's critical operations during times of power failure and serve as demand response systems that work to reduce energy usage and decrease demand on the electrical grid during peak periods. When managed with the proper intelligent monitoring systems and controls, Distributed Generation offers a vital and significant contribution to the development of the nation's Smart Grid. We contribute the tools and resources to produce immediate and long term improvements in the performance and stability in the energy production and transmission segments of the electrical grid and reduce the need for new power plants. From emergency and back-up power technologies, to demand response programs and Smart Grid applications, Titan Energy is setting a path for the future in energy management. For more information, please visit the company's website at: www.titanenergy.com.

Forward-Looking Statements

Investors are cautioned that certain statements contained in this document as well as some statements in periodic press releases and some oral statements of TEWI officials are "Forward-Looking Statements" within the meaning of the Private Securities Litigation Reform Act of 1995 (the "Act"). Forward-looking statements include statements which are predictive in nature, which depend upon or refer to future events or conditions, which include words such as "believes," "anticipates," "intends," "plans," "expects," and similar expressions. In addition, any statements concerning future financial performance (including future revenues, earnings or growth rates), ongoing business strategies or prospects, and possible future TEWI actions, which may be provided by management, are also forward-looking statements as defined by the Act. Forward-looking statements involve known and unknown risks, uncertainties, and other factors which may cause the actual results, performance or achievements of the Company to materially differ from any future results, performance, or achievements expressed or implied by such forward-looking statements and to vary significantly from reporting period to reporting period. Although management believes that the assumptions made and expectations reflected in the forward-looking statements are reasonable, there is no assurance that the underlying assumptions will, in fact, prove to be correct or that actual future results will not be different from the expectations expressed in this report. These statements are not guarantees of future performance and TEWI has no specific intention to update these statements.

Contact:
 For more information about Titan Energy Worldwide please contact:
Jeffrey Flannery
Titan Energy Worldwide, Inc.
619-988-5869
Stan Altschuler
Strategic Growth Int'l
212-838-1444