First Titan Corp. (OTCBB: FTTN) is moving forward with plans to seek out new partnerships and acquisitions in the North American solar power industry this week as the growing market for clean energy creates massive potential profit opportunities.
With new technological innovations making solar cost-competitive with fossil fuels, many analysts now believe that solar stocks could outperform the stock market this year. The demand for solar is rising: Mother Jones reported late last year that the amount of solar power produced in the U.S. had spiked by a massive 139,000 percent in the last decade, and much more growth is on the way. To prepare for it, the U.S. Department of Energy announced earlier this month that it will help train 75,000 people to enter the solar workforce by 2020.
FTTN plans to be ready for the coming growth, too. The company is targeting smart acquisitions and partnerships in the solar industry in order to capitalize on the renewable-energy revolution that has already begun.
“It’s no secret that solar power is the future,” said FTTN CEO Sydney Jim. “What a lot of people don’t know yet is that the future is already here. An unprecedented number of solar panels and arrays will be constructed, installed and hooked up to the power grid in the next few years. We want FTTN to play a big role in making that happen.”
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. (NYSE: 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.
Sydney Jim, 850-269-7267
President and CEO