The Titan Corporation (NYSE: TTN) today announced that American Foodservice Corporation — one of the largest independent ground beef producers in the U.S. — has signed an exclusive, multiyear agreement to evaluate Titan’s patented SureBeam® electronic pasteurization technology on its ground beef products. Under the terms of the agreement, Titan’s SureBeam Corporation will be the sole provider of electronic pasteurization services.
American Foodservice manufactures fresh and frozen beef patties for several of the nation’s largest fast food and casual dining chains. The company joins some of the nation’s most prestigious food processors — including IBP, Cargill, Emmpak Foods, Huisken Meats, Tyson Foods, Del Monte Foods and Hawaii Pride — who are committed to bringing safer and higher quality foods to American consumers through the use of Titan’s SureBeam® technology.
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Similar to a microwave oven, the SureBeam® system uses ordinary electricity as its energy source to pasteurize food after it has been processed and packaged. Titan’s patented SureBeam® technology helps to eliminate the threat of harmful pathogens such as E. coli, Listeria, Campylobacter and Salmonella in food without affecting its texture or taste.
“We selected SureBeam’s electron beam technology because it is consistent and easy to control,” said Barry Renninger, President and COO of American Foodservice. “SureBeam’s technology also has a higher likelihood of consumer acceptance and allows us to expand our product offerings to food distributors and grocery chains.”
American Foodservice, a leader in developing state-of-the-art food safety programs for the foodservice industry, has plants in King of Prussia, Pennsylvania, and Fort Worth, Texas. American Foodservice has been independently owned and operated since 1972 and is one of the largest independent ground beef producers in the U.S.
Headquartered in San Diego, California, The Titan Corporation is a leading-edge technology company that creates, builds and launches technology- based businesses, offering innovative technical solutions. Titan markets the leading technology for the electronic pasteurization of food products. The company’s three other core businesses develop and deploy communications and information technology solutions and services. The Company has 7,600 employees, annualized sales of approximately $1 billion and total backlog in excess of $2 billion.
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By GlobalData“Safe Harbor” Statement under the Private Securities Litigation Reform Act of 1995: The statements contained in this release which are not historical facts, including our outlook on the future performance of our core businesses and our growth strategies, are forward-looking statements that are subject to risks and uncertainties that could cause actual results to differ materially from those set forth in or implied by forward-looking statements. These risks and uncertainties include the Company’s entry into new commercial businesses, dependence on continued funding of U.S. Department of Defense programs, government contract procurement and termination risks, risks associated with acquiring other companies, including integration risks, and other risks described in the Company’s Securities and Exchange Commission filings.
