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Titan Logix Corp. Announces New Director(November 24, 2011)
EDMONTON, ALBERTA -- (Marketwire) -- 11/24/11 -- Titan Logix Corp., (TSX VENTURE:TLA), an advanced technology industrial instrumentation and controls company, announces the appointment of W. Douglas Frame as a director of the company effective November 18, 2011.
Mr. Frame is a retired mechanical engineer and University of Saskatchewan alumni. His career includes more than twenty years of senior management experience. He was a founding investor and director of Century Oilfield Services and previously held the position of President of Downhole Tools with National Oilwell Varco. He also served as a member of the Board of Directors of Dreco Energy Services and held the position of Senior Vice President - Downhole Tools. In his role at Dreco he expanded business into worldwide markets including Russia, Egypt, Libya, and the United States. In his career, Mr. Frame also led the UK operations of US Steel.
Along with Mr. Frame's experience in U.S. and international business operations and growth, his industry experience included public company management, business restructuring and business development. His board experience includes being a director of an international company trading on US and Canadian exchanges.
"We welcome Doug and the expertise and new dimension he brings to Titan's Board," said Les Evans, CEO. "His extensive experience in international and U.S. business will enhance the depth of our Board as Titan expands its market reach."
About Titan Logix Corp.:
Founded in 1979, Titan Logix Corp. has evolved into an advanced technology industrial instrumentation and controls company. We design, manufacture, distribute and service instrumentation, control and automation solutions. These technologies are used primarily in the oil and gas, transportation and aviation industries, which for many years have relied on manual intervention. However, due to rising costs, concerns and awareness about the environment, (including the importance of spill prevention) and technological advancements - to list but a few reasons - we expect an increased demand for our products. The products we specialize in comprise an essential part of a complete asset management solution in the following categories:
-- Transport Instruments: guided wave radar liquid gauging and control systems for mobile tankers; -- Level and Flow Instruments: mechanical and electronic liquid level gauging systems for storage tanks and industrial process vessels; -- Burner Controls: electronic burner management systems for atmospheric industrial heaters; and -- Telemetry and Control Products: communication and control systems enabling remote telemetry and management of site processes.
Titan Logix Corp. is a public company listed on the Toronto Venture Stock Exchange and its shares trade under the symbol, TLA.
This news release contains certain statements with information that may be forward-looking and subject to unknown risks and uncertainties. The actual results, performance and achievements of Titan Logix Corp. may differ materially from the results, performance and achievements expressed or implied by such forward-looking statements. These forward-looking statements may not relate strictly to historical or current facts. They represent management's views as of the date of this press release and we assume no obligation to update them. We caution you not to place undue reliance on these forward-looking statements.
Neither TSX Venture Exchange nor its Regulation Services Provider (as that term is defined in the policies of the TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of this release.
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