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Titan Reports on Latest Developments

16 October 2000

Titan Reports on Latest Developments

    ALBUQUERQUE, N.M., Oct. 16 Titan Technologies, Inc.
(OTC Bulletin Board: TITT) reports that it has made significant progress on
establishing its tire recycling technology in the United States, as well as
moving forward to license new plants in both Europe and Asia.
    Titan President Ronald L. Wilder said that during the last four months the
Company has been involved in extensive discussions with Forest All Industry
Corporation with the objective of expanding use of Titan's tire recycling
technology on a world-wide basis.  Forest All is based in Taiwan where it owns
and operates the newest of the three facilities which have been built using
the Company's technology.  Forest All has established solid Asian markets for
the oil and carbon black recovered in the Company's patented and proprietary
process and expects to complete an addition to the plant in the near future
for conversion of the carbon black into activated carbon, which sells at a
significantly higher price.
    Mr. Wilder reported that Titan will also be conducting its own tests for
production of activated carbon on a bulk sample of carbon black provided by
Forest All from the Taiwan plant.  He said that preliminary tests had already
been successfully completed to pelletize the carbon black and that bulk
pelletization and activation tests were scheduled for around month-end.
    According to Mr. Wilder, "The biggest difficulty we have encountered in
expanding use of Titan's technology has been in establishing a U.S. or
European market for the carbon black, which accounts for the great majority of
production from our plants.  We think that this has been largely due to a
reluctance on the part of carbon black users to try a new product which has
not been commercially produced in the United States and which differs somewhat
from conventionally produced carbon black.  We are optimistic that we can now
successfully produce an activated carbon which can be readily marketed for use
in water purification, which would open the doors for a commercial plant in
the United States.  It would also provide us with a basis to make market
in-roads for sale of carbon black in other applications where specifications
might not be as critical as in the case of carbon black for manufacture of
tires, which consumes more carbon black than any other use."
    Mr. Wilder said that the recent Firestone/Bridgestone tire recall
situation had caused a number of regulatory authorities to re-focus on the
problems associated with disposal of waste tires.  Mr. Wilder also emphasized
that tire recycling with the Titan process can produce 250 barrels of oil per
day from a 100 ton per day plant, which represents a significant source of
renewable energy from what is currently treated as waste.  With oil currently
trading at prices in excess of $30 per barrel, it also represents a tremendous
source of revenue for the Company.