FTTN: Low Oil Prices and New Technology Could Open Massive Market Opportunities in Solar Power
March 31 2015 - 5:00AM
Business Wire
Low oil prices and astounding new technology have First Titan
Corp. (OTCBB:FTTN) considering new opportunities in what could soon
be the fastest-growing segment of the energy industry: solar
tech.
In its 2015 solar outlook, Deutsche Bank analysts predicted that
by next year, solar power will reach grid parity across all 50
states in the U.S. Grid parity reflects solar tech’s ability to
generate power for the same underlying costs as competitors, such
as oil and gas. By 2017, 80 percent of the global market will have
reached grid parity.
Rapidly falling costs, coupled with breakthroughs such as
transparent solar panels, have led many to conclude that solar
power has reached the tipping point—and FTTN is making plans to
capitalize on solar’s rise.
“According to reports from the U.S. Energy Information
Administration, solar made up just 0.2 percent of all energy
generated in the U.S. in 2013,” said FTTN CEO Sydney Jim. “Thanks
to grid parity, the potential for further market penetration with
solar is unprecedented. There is a revolution on the way, and we
want First Titan Corp. to be on the front lines.”
FTTN is already scouting new acquisition and development
opportunities in a solar industry poised to explode. 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.
First Titan CorporationSydney Jim, 850-269-7267President
and CEOinfo@firsttitanenergy.com