First Titan adds subsidiary

BRADENTON — First Titan Corp. (symbol: FTTN) created a new subsidiary for designing custom electronics this week, just days after hiring a new CEO.

First Titan Technical LLC will house the operations for designing and marketing customized electronics accessories for heavy-duty industrial vehicles. The new subsidiary will “provide a solid financial base from which to pursue potentially lucrative new projects around the globe,” a company statement says.

The move is being spearheaded by Robert Federowicz, who joined the company as its chief executive six days ago.

Prior to signing on with First Titan, Federowicz was the CEO at Obscene Jeans Corp. That company is now led by Rachel Stark-Cappelli.