TITAN'S EMERGING TECHNOLOGIES

operations develop and implement industrial applications for specialized technologies developed within the Company. Titan has been successful in the conversion of complex defense technologies to commercial uses, in the exploitation of several valuable patents, and in the application of the expertise of its scientific and engineering staff to the development of new products and services for its commercial and military customers. An important example of Titan's exploitation of technology is the application of accelerators and electron beam processing know-how to the commercial sterilization of disposable medical devices.

The Company's Denver medical device sterilization facility, brought on-line in 1993, is now operating near capacity, while the San Diego facility opened on schedule in January of 1996 with IMED Corporation as its anchor customer. Both facilities use Titan's SureBeam® electron beam process, which utilizes patented and proprietary technology to sterilize disposable medical products. SureBeam® is a fast, reliable and efficient alternative to existing sterilization methods such as cobalt-60 radioisotope-based systems and chemical-based systems. The Company also sold a turnkey electron beam sterilization system to BSE-Mediscan in Kremsmuenster, Austria. BSE-Mediscan will provide contract sterilization services in central Europe utilizing Titan's electron beam medical product sterilization system.

Titan, within its Emerging Technologies segment, also designs and manufactures high energy accelerators that generate electron beams to meet other industry and government needs. The Company is developing a high power, compact spiral line induction accelerator and high power microwave tubes for a variety of applications. Titan's environmental business has also continued to grow. Environmental specialists provide comprehensive solutions, using proven and innovative technologies for environmental control and remediation. Turnkey service capabilities include strategy development, assessment, and application of appropriate technologies.