MIRAMAR BEACH, Fla.--(BUSINESS WIRE)--First Titan Corp. (OTCBB: FTTN) could bolster its renewable energy and solar power plans in the wake of Elon Musk’s recent major announcement of a game-changing breakthrough in energy storage.
On April 30, 2015, Musk told the world his company, Tesla Motors, will be offering a revolutionary battery called the Powerwall that will enable homeowners to store energy from solar panels for use during peak energy needs or to provide backup power during blackouts. A larger Powerwall version could also do the same thing for companies or buildings.
After the announcement, FTTN CEO Sydney Jim said Tesla’s extraordinary energy storage breakthrough proved FTTN’s forward-looking strategy of pursuing renewable energy and solar power was the correct course of action.
“The solar power market is going to explode thanks to this achievement,” Mr. Jim said. “People who hadn’t considered going solar or using renewables due to energy storage concerns are going to be rethinking their stances. Solar and renewables are the next sweet spots for energy companies like ours. Our pursuit of these opportunities is not only going to continue but ramp up considerably.”
Recent statistics show that 2014 was the biggest year yet for solar panel installations in the U.S. Major American companies are spending millions to convert to solar energy.
“Environmentally-conscious consumers and businesses wanting clean, fossil-free energy are going to be coming to us to meet their needs,” Mr. Jim said. “The future has never looked brighter for solar and renewable energy.”
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.