Overview
Titan Logix Corp. is an advanced technology industrial instrumentation and controls
company. We focus on designing, manufacturing, distributing and servicing instrumentation
and automation solutions. These are primarily for the oil and gas,
chemical and transportation industries. For many years, these industries have operated
with dependence on manual intervention but the need has arisen for automation and
the demand for our products has grown. The products we specialize in are:
- Guided wave radar liquid gauging and control systems for mobile tankers
- Electronic burner management systems for atmospheric industrial heaters
- Mechanical and electronic liquid level gauging systems for storage tanks and process
vessels
- Communication and control systems enabling remote telemetry management of site processes
History and Evolution
Titan Logix Corp. has an established operating infrastructure and a range of related
specialty products. Originally called Marilyn Gold Mines Inc., the company was incorporated
in the province of British Columbia on February 26, 1979. Later named Titan Resources
Ltd., we moved away from the development of natural resources into the technology
sector in the early
1990's by acquiring established and reputable companies. These include:
- Grimes Manufacturing Ltd., a manufacturer of level measurement and control products
which was acquired in 1988
- Nagy Burner Control, an industrial burner control specialist was acquired in 1998
and
- Sherrex Systems, an industrial instrumentation and controls manufacturer was acquired
in 2001.
With these acquisitions, we evolved into a manufacturing, sales and product support
business. We primarily serve the Western Canadian oil and gas as well as the chemical
and transportation industries.
Vision
Our vision is to be the global market share leader in advanced mobile tank level
measurement, control and asset management while growing our market interests in
burner management and level gauging.
Core Values
In support of our vision, our mission is a company wide commitment to building rewarding
long-term ethical relationships with the four pillars of our company. We recognize
that customers, suppliers, investors and employees are key stakeholders and our
goal is to strengthen these relationships and to provide them with rewards that
meet or exceed their expectations.
Our vision and values provide an important framework within which we endeavor to
meet our objectives and execute our business strategy.
Key Information
Titan Logix Corp.
Management
Transfer Agent
Selected Financial Information
Years ended August 31 (audited)
|
|
|
Sales |
|
Gross Profit |
|
Net Earnings (before tax) |
|
Net Earnings |
|
Basic earnings per share |
|
Diluted earnings per share |
|
Total assets |
|
Long-term liabilities |
|
Dividends |
| 2009 |
| 8,396,952 |
| 3,389,382 |
| 195,177 |
| (264,213) |
| (0.01) |
| (0.01) |
| 7,145,970 |
| Nil |
| Nil |
| 2010 |
| 6,657,100 |
| 2,427,113 |
| (367,298) |
| (586,471) |
| (0.02) |
| (0.02) |
| 6,838,099 |
| Nil |
| Nil |
| 2011 |
| 11,104,975 |
| 4,961,274 |
| 1,103,194 |
| 1,704,529 |
| 0.07 |
| 0.07 |
| 8,945,331 |
| Nil |
| Nil |
| 2012 |
| 17,941,757 |
| 9,089,205 |
| 4,271,468 |
| 3,657,718 |
| 0.14 |
| 0.14 |
| 13,234,683 |
| Nil |
| Nil |
| 6 months ended Feb 28, 2013 |
| 8,073,353 |
| 4,263,991 |
| 2,277,389 |
| 1,666,432 |
| 0.07 |
| 0.06 |
| 13,252,395 |
| Nil |
| Nil |
For additional performance information, visit our Financial
Highlights page for financial summaries
and Financial Reporting page for complete quarterly
and annual financial reports.