Titan Corporation Announces the Execution of Definitive Agreements in Three Countries to Provide Telecommunications Equipment and Services Through Sakon LLC

Titan and Sakon Have Now Signed Agreements in Twelve Countries to Provide Telephone, Internet and Rural Telephony Products, Systems Integration and Services  

Potential Value of All Executed Agreements Could Exceed      $5 Million

Under the terms of the agreements, Titan will design and deploy a global network of extremely cost effective sophisticated satellite earth station gateways. These centrally managed gateways will also form the basis for offering rural and community telephone and Internet services. They will utilize Titan Wireless's patented Xpress Connection(TM), Single Channel Per Carrier (SCPC), Very Small Aperture Terminals (VSAT) and our powerful Demand Assigned Multiple Access (DAMA) network control systems in these countries. This global network will enable our in-country partners to provide the full range of new services for the first time, such as voice, data, Internet, virtual private networking (VPN), facsimile and other innovative services in prepaid and conventional customer care arrangements to unserved communities and remote locations. These services are in great demand in these countries to better serve consumers, small and medium enterprises (SME), Multinational Companies (MNC) and Small Office/Home Office (SOHO). This global network will provide service later in 1999 utilizing existing conventional geostationary satellites and will enable Titan and Sakon to provide our partners in these countries with the new services at a lower cost than any other technology available today.

Commenting on the news, Titan's President and Chief Executive Officer, Gene W. Ray said, "Needless to say, we are extremely pleased with the progress we are making with our Sakon relationship." Ray went on to say, "Titan and Sakon have now executed agreements with thirteen partners in twelve countries where we will provide telephone Internet and rural telephony products, systems integration and services." Ray concluded, "Under each and every one of these agreements, Titan will either be selling or leasing as well as integrating our satellite ground equipment, as well as sharing in the traffic revenue and profits that each system carries."

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 has annualized sales in excess of $340 million with a total backlog of more than $850 million and has 2,200 employees. Titan Corporation is headquartered in San Diego, CA.

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