MIRAMAR BEACH, Fla.--(BUSINESS WIRE)--In its continuing effort to capitalize on developing market opportunities related to clean energy, First Titan Corp. (OTCBB: FTTN) will explore new plays in the field of energy preservation, the company announced today.
Historically, sustained high energy prices have triggered energy-saving measures, and in the past decade, rising oil prices stimulated significant technological innovation and enhanced efficiency in the energy economy. With the price of hydrocarbons now slumping, FTTN plans to seize the perfect opportunity to invest its resources in marketing and developing new efficiencies experiencing low demand for the time being thanks to cheap oil.
“Energy preservation can be as simple as switching all the lightbulbs in your business to LEDs, or as complex as developing smarter energy grid technology,” said FTTN CEO Sydney Jim. “Once the price of oil begins to climb again, demand will once again rise quickly for energy preservation technologies and techniques. When that happens, we plan to be ready with a refined marketing and rollout strategy.”
FTTN will explore market-ready ideas capable of reducing domestic and international pressures on energy supply systems, reducing or limiting the demand for energy, allowing spending on energy to be redirected towards other needs and resulting in improved wellness. Through its wholly owned subsidiary, First Titan Energy, the company is building a diversified asset base of energy properties and is dedicated to the continued development of energy assets throughout North America alongside companies such as Lucas Energy, Inc. (NYSE: LEI), Earthstone Energy, Inc. (NASDAQ: ESTE), Fieldpoint Petroleum Corp. (NYSE: FPP) and Evolution Petroleum Corp. (NYSE: EPM).
For more information on FTTN’s current projects, please visit www.firsttitanenergy.com.
About First Titan Corp.
First Titan Corp., through its wholly owned subsidiary, First Titan Energy, LLC, is committed to the exploration and development of oil and natural gas resources around the globe. The Company continually seeks to partner with energy developers that are pursuing innovative new methods of oil and gas extraction, including the development of new technologies, cleaner methods and unconventional resources.
Notice Regarding Forward-Looking Statements
Safe Harbor Statement under the Private Securities Litigation Reform Act of 1995: This news release contains forward-looking information within the meaning of Section 27A of the Securities Act of 1933, as amended, and Section 21E of the Securities Exchange Act of 1934, as amended, including statements that include the words “believes,” “expects,” “anticipate” or similar expressions. Such forward-looking statements involve known and unknown risks, uncertainties and other factors that may cause the actual results, performance or achievements of the company to differ materially from those expressed or implied by such forward-looking statements. In addition, description of anyone’s past success, either financial or strategic, is no guarantee of future success. This news release speaks as of the date first set forth above and the company assumes no responsibility to update the information included herein for events occurring after the date hereof.