990549 Titan Signs New Electronic Pasteurization CustomersMay 12, 1999San Diego, CA - The Titan Corporation announced that it has executed agreements with additional new customers for electronic pasteurization of their ground beef and other food products at Titan's facility in Sioux City, Iowa. Titan previously announced that it had executed agreements with companies that produce approximately 50% of the U.S. ground beef market. It was further announced that the agreements contained exclusivity provisions stipulating that these customers will be utilizing Titan's electronic pasteurization systems and services over the next several years when the companies elect to pasteurize their food products. With today's announcement, Titan has now entered into contracts with companies that produce approximately 75% of the 8 to 9 billion pounds of ground beef produced in the United States annually. Titan's electronic pasteurization process utilizing its patented SureBeam(r) technology can effectively eliminate food borne bacteria threats such as E.Coli O157:H7, Listeria monocytogenes, Salmonella and Campylobacter. The patented technology uses commercial electricity as its energy source. Over 50 years of research at many leading universities has shown that electronic pasteurization of food is as safe as food cooked in a microwave oven. The Food and Drug Administration (FDA) approved Electron Beam technology (electronic pasteurization) in 1997 as one of the technologies that effectively kills dangerous food borne bacteria. The FDA has previously approved the technology for chicken, pork, seafood, grains, fruits and vegetables. The U.S. Department of Agriculture's (USDA) Food Safety and Inspection Services final regulations for red meat are expected later this year. Issuance of the final regulations will allow Titan's new facility in Sioux City to initiate electronic pasteurization of ground beef for its customers. Titan is well positioned as the leader in this technology with patents that contain 71 independent claims. There are other patents pending which have 145 independent claims and additional independent claims are in preparation for submittal to the U.S. Patent Office. Titan presently operates its own service facilities in San Diego and Denver to sterilize medical products and delivers turnkey systems to pasteurize food and sterilize medical products. Titan is extremely pleased that the companies which produce the majority of U.S. ground beef have selected us as their provider of choice to effectively eliminate the threat of food borne pathogens in ground beef, said Dr. Gene W. Ray, President and Chief Executive Officer of The Titan Corporation. Ray continued, In addition to electronic pasteurization of ground beef, Titan along with our strategic partner, APA, Inc., headquartered in Omaha, Nebraska, have entered into negotiations with companies that produce a wide variety of food products including chicken, pork, seafood, juice, and other produce concerning their future pasteurization needs. Ray concluded, We are very pleased with the enthusiastic reception that Titan has received in response to our announcement of the Sioux City electronic pasteurization facility and we look forward to meeting the demands that this reception is generating. The Titan Corporation is a leading provider and integrator of state-of- the- art information technology, satellite communications systems and services, and medical product sterilization and food pasteurization products and services. In addition to maximizing internal growth, Titan employs a strategy of acquiring businesses that can be readily integrated into its existing core businesses in order to increase profitability and grow market share. The firm currently has annualized sales in excess of $340 million with a total backlog of more than $850 million and 2,200 employees. Titan Corporation is headquartered in San Diego, CA. This Article Compliments of...
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