Welcome to our dedicated page for Titan Environmental Solutions news (Ticker: TESI), a resource for investors and traders seeking the latest updates and insights on Titan Environmental Solutions stock.
Titan Environmental Solutions Inc. reports developments tied to its non-hazardous solid waste and recycling services, including collection, transportation, transfer and disposal operations. The company trades on the OTCQB under the symbol TESI and became Titan Environmental Solutions after a completed name, domicile and ticker change from TraQiQ in January 2024.
Recurring news themes include acquisitions in waste management, commercial and industrial recycling services in the greater Detroit market, integration of Standard Waste Services, and board governance updates.
Titan Environmental Solutions (OTCQB: TESI) has announced two key appointments to its Board of Directors: Edward J. Borkowski and Edward F. Feighan, effective immediately.
Borkowski, 65, brings healthcare executive experience, having served as EVP and CFO of Purdue Pharma LP and TherapeuticsMD. He currently serves on the board of Entero Therapeutics and holds an MBA from Rutgers University.
Feighan, 77, is the Chairman and CEO of Covius since 2016 and has been involved with Continental Heritage Insurance Company for over 20 years. He served five terms in the U.S. House of Representatives (1983-1993).
CEO Glen Miller stated these appointments will strengthen Titan's financial controls and support its growth strategy, including plans for listing on a national securities exchange. The company focuses on waste management and recycling services, aiming to expand through organic growth and acquisitions in the environmental industry.
Titan Environmental Solutions announced the acquisition of Standard Waste Services, a Detroit-based waste management company. Standard Waste provides commercial and industrial waste and recycling services and operates around 20 collection vehicles, servicing over 750 customers. This acquisition is expected to add approximately $17M in top-line revenue for 2023. Titan will integrate Standard Waste into its operations, enhancing market scale and operational synergies. CEO Glen Miller expressed optimism about future growth opportunities as Titan continues to expand its waste and recycling solutions platform.
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