by Ann Withanee — October 29, 2010—Titan Energy Worldwide, Inc, a leader in distributed power generation products and intelligent energy management services, has closed its acquisition of Stanza Systems, a leading network communications and Smart Grid development company based in Houston, Texas.
The acquisition of Stanza gives Titan Energy a platform for the development and management of its remote monitoring and automated controls systems for onsite power generation in the $4 billion demand response market.
Stanza Systems has been developing advanced network technologies for a host of Fortune 500 clients including Itron and BP, as well as leading technology firms such as Phoenix Contact. Stanza developers have been innovators of the wireless industry’s first processes and techniques for successful operation of large scale wireless networks.
The Stanza Systems management team combines over 100 man years of successful experience in building industrial systems using advanced and proven technologies such as high speed wireless communications, data collection/processing systems, network design/deployment, and data center/network operations.
“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,” stated Jeffrey Flannery, Chairman and CEO of Titan Energy Worldwide, Inc.
He added, “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 will continue in his role as President of Stanza Systems, as will all the members of his management team.
For more information, see the Web site.
