**UNITED
      STATES**


**SECURITIES
      AND EXCHANGE COMMISSION**


**Washington,
      D.C. 20549**





**FORM
      10-QSB**





(Mark
      One)


[XX]  QUARTERLY REPORT UNDER SECTION13 OR15(d) OF THE SECURITIES EXCHANGE  ACT
      OF
      1934





For
      the
      quarterly period ended  **April
      30, 2007**





[]
      TRANSITION REPORT UNDER SECTION 13 OR 15(d) OF THE EXCHANGE ACT


For the transition period from _______ to _______








Commission
      file number 0-25024




**TITAN
      TECHNOLOGIES, INC.**


(Exact
      name of small business issuer as specified in its charter)




**NEW
                MEXICO**
            **85-0206831**(State
                or other jurisdiction
            (IRS
                Employerof
                incorporation or organization)
            Identification
                No.)




**3206
      Candelaria Road NE, Albuquerque, NM 87107**


(Address
      of principal executive offices)





**(505)
      884-0272**


(Issuer's
      telephone number)





N/A


(Former
      name, former address, and former three-months, if changed since last
      report)





Check
      whether the issuer (1) filed all reports required to be filed by section 13
      of
      15(d) of the Exchange Act during the past 12 months (or for such shorter period
      that the registrant was required to file such reports), and (2) has been subject
      to such filing requirements for the past 90 days. Yes [X] No []





Indicate
      by check mark whether the registrant is a shell company (as defined in Rule
      12b-2 of the Exchange Act) Yes [] No [X]





APPLICABLE
      ONLY TO ISSUERS INVOLVED IN BANKRUPTCY


PROCEEDINGS
      DURING THE PRECEDING FIVE YEARS





Check
      whether the registrant filed all documents and reports required to be filed
      by
      Section 12,13, or 15 (d) of the Exchange Act after distribution of securities
      under a plan confirmed by a court Yes No





APPLICABLE
      ONLY TO CORPORATE ISSUERS




State
      the
      number of shares outstanding of each of the issuer's classes of common equity,
      as of the latest practicable date:  June 4, 2007  - No par
      common 45,596,839





Transitional
      Small Business Format (Check One): Yes [] No [X]





**PART
      I. FINANCIAL INFORMATION**





**Item
      1. Financial Statements.**





**Titan
      Technologies, Inc.**




**BALANCE
      SHEET**


**April
      30, 2007**


(UNAUDITED)




ASSETSCurrent
                  AssetsCash
              
              $
              26,528Property
                  and Equipment, net
              
              
              80Other
                  AssetsDeposits
              
              
              25,000Other
              
              
              60925,609$
              52,217LIABILITIES
                  AND STOCKHOLDERS' (DEFICIT)Current
                  LiabilitiesAccounts
                  payable and accrued liabilities
              
              $
              1,290Deferred
                  revenue
              
              
              470,000Total
                  Current Liabilities
              
              
              471,290Stockholders'
                  (Deficit)Common
                  stock - no par value; authorized, 50,000,000 shares;45,384,339
                  shares issued and outstanding
              
              
              3,840,241Treasury
                  stock, 17,000 shares, at cost
              
              
              -Accumulated
                  (deficit)
              
              
              (4,259,314
              )(419,073
              )$
              52,217




See
      the
      accompanying notes to the financial statements.





*-
          2
          -*


**Titan
      Technologies, Inc.**




**STATEMENTS
      OF OPERATIONS**


**For
        The Three Months Ended April 30, 2007 and 2006**


(UNAUDITED)


2007
              
              2006REVENUES
              
              $
              -
              
              $
              -.COSTS
                  AND EXPENSESGeneral
                  and administrative
              
              
              61,868
              
              
              74,760Arbitration
                  settlement costs
              
              
              -
              
              
              103,49461,868
              
              
              178,254(Loss)
                  from operations
              
              
              (61,868
              )
              
              (178,254
              )Provision
                  for income taxes
              
              
              -
              
              
              -Net
                  (loss)
              
              $
              (61,868
              )
              $
              (178,254
              )Weighted
                  average common shares outstanding -Basic
                  and diluted
              
              
              45,367,339
              
              
              44,283,348Basic
                  and diluted (loss) per common share
              
              $
              (0.00
              )
              $
              (0.00
              )


See
      the
      accompanying notes to the financial statements.


*-
          3
          -*


**Titan
      Technologies, Inc.**




**STATEMENTS
      OF OPERATIONS**


**For
        The Nine Months Ended April 30, 2007 and 2006**
 (UNAUDITED)
  2007
              
              2006REVENUES
              
              $
              -
              
              $
              -.COSTS
                  AND EXPENSESGeneral
                  and administrative
              
              
              235,282
              
              
              250,980Arbitration
                  settlement costs
              
              
              -
              
              
              103,494235,282
              
              
              354,474(Loss)
                  from operations
              
              
              (235,282
              )
              
              (354,474
              )Provision
                  for income taxes
              
              
              -
              
              
              -Net
                  (loss)
              
              $
              (235,282
              )
              $
              (354,474
              )Weighted
                  average common shares outstanding -Basic
                  and diluted
              
              
              45,102,042
              
              
              44,161,648Basic
                  and diluted (loss) per common share
              
              $
              (0.01
              )
              $
              (0.01
              )







See
      the
      accompanying notes to the financial statements.


*-
          4
          -*


**Titan
      Technologies, Inc.**




**STATEMENTS
      OF CASH FLOWS**


**For
        The Nine Months Ended April 30, 2007 and 2006**


(UNAUDITED)
  2007
              
              2006Cash
                  flows from operating activitiesNet
                  cash (used by) operating activities
              
              $
              (79,374
              )
              $
              (84,463
              )Cash
                  flows from Investing activities
              
              
              -
              
              
              -Cash
                  flows from financing activitiesProceeds
                  from sale of common stock
              
              
              71,000
              
              
              38,600Net
                  cash provided by financing activities
              
              
              71,000
              
              
              38,600Net
                  increase (decrease) in cash
              
              
              (8,374
              )
              
              (45,863
              )Cash
                  at beginning of period
              
              
              34,902
              
              
              56,170Cash
                  at end of period
              
              $
              26,528
              
              $
              10,307







See
      the
      accompanying notes to the financial statements.






*-
          5
          -*





**Titan
      Technologies, Inc.**


**Notes
      to Financial Statements**


**April
      30, 2007**


(Unaudited)











Note
        1.
        Basis of Presentation
 
 The
        accompanying unaudited financial statements have been prepared in accordance
        with accounting principles generally accepted in the United States of America
        for interim financial information. They do not include all of the information
        and footnotes required by accounting principles generally accepted in the
        United
        States of America for complete financial statements. In the opinion of
        management, all adjustments, consisting only of normal recurring adjustments,
        considered necessary for a fair presentation, have been included in the
        accompanying unaudited financial statements. Operating results for the periods
        presented are not necessarily indicative of the results that may be expected
        for
        the full year. For further information, refer to the financial statements
        and
        notes thereto, included in the Company's Form 10-KSB as of and for the year
        ended July 31, 2006.
 
 
 Note
        2.
        Earnings Per Share
 
 The
        Company calculates net income (loss) per share as required by Statement of
        Financial Accounting Standards ("SFAS") 128, "Earnings per Share." Basic
        earnings (loss) per share is calculated by dividing net income (loss) by
        the
        weighted average number of common shares outstanding for the period. Diluted
        earnings (loss) per share is calculated by dividing net income (loss) by
        the
        weighted average number of common shares and dilutive common stock equivalents
        outstanding. During the periods presented, common stock equivalents were
        not
        considered, as their effect would be anti-dilutive.
 
 
 Note
        3.
        Going Concern
 
 The
        Company's financial statements are presented on a going concern basis, which
        contemplates the realization of assets and satisfaction of liabilities in
        the
        normal course of business.
 The
          Company has experienced losses from operations as a result of its investment
          necessary to achieve its operating plan, which is long-range in nature.
          For the
          nine months ended April 30, 2007 the Company incurred a net loss of $235,282
          and
          had working capital and stockholders' deficits of $444,762 and $419,073,
          respectively, at April 30, 2007. In addition, the Company has no revenue
          producing operations.
  *-
            6
            -*


**Titan
        Technologies, Inc.**
 **Notes
        to Financial Statements**
 **April
        30, 2007**
 (Unaudited)





The
        Company's ability to continue as a going concern is contingent upon its ability
        to secure financing and attain profitable operations. In addition, the Company's
        ability to continue as a going concern must be considered in light of the
        problems, expenses and complications frequently encountered in a highly
        regulated industry.
 
 The
        financial statements do not include any adjustments to reflect the possible
        future effects on the recoverability and classification of assets or the
        amounts
        and classification of liabilities that may result from the possible inability
        of
        the Company to continue as a going concern.
  
 Note
        4.
        Stockholders' (Deficit)
 
 During
        the nine months ended April 30, 2007 the Company sold 544,999 shares of common
        stock for cash proceeds aggregating $71,000, and also issued 90,802 shares
        of
        common stock for services valued at $24,309, the fair market value of the
        shares
        on the date of issue, resulting in non-cash stock compensation of $24,309.
        Effective October 30, 2004, the Company granted options to purchase 1,350,000
        shares of its common stock to employees at an exercise price of $0.12 per
        share,
        the fair market value of the stock at the date of the grant. The options
        are
        exercisable over a ten year period commencing on the grant date and continuing
        through October 2014.
 
 The
        effect of applying SFAS No. 123 pro forma net (loss) is not necessarily
        representative of the effects on reported net income (loss) for future years
        due
        to, among other things, the vesting period of the stock options and the fair
        value of additional stock options in future years. The fair value of the
        options
        granted is estimated at $.07 per option on the date of grant using the
        Black-Scholes option pricing model with the following assumptions: no dividend
        yield, volatility of 69%, a risk-free interest rate of 3%, and expected lives
        of
        five years from date of vesting.
 
 
 For
        purposes of pro forma disclosure, the estimated fair value of the options
        is
        charged to expense in the period that the options were granted. The Company's
        pro forma information is as follows for the nine months ended April 30, 2007
        and
        2006:




2007
            
            2006Pro
                forma net (loss)
            
            $
            (235,282
            )
            $
            (354,474
            )Pro
                forma (loss) per share -Basic
                and diluted
            
            $
            (.00
            )
            $
            (.00
            )








*-
          7
          -*


**Titan
        Technologies, Inc.**
 **Notes
        to Financial Statements**
 **April
        30, 2007**
 (Unaudited)





Note
        5.
        Licensing Agreements
 
 On
        April
        2, 2004 and as modified on October 30, 2004, the Company entered into an
        Agreement with a group of investors, to provide for the construction of three
        tire recycling plants to be built in Mexico. During the year ended July 31,
        2005, the Company received a non-refundable cash deposit of $180,000, which
        was
        originally recorded as deferred revenue. Under the terms of the agreement,
        the
        Company was to receive a payment of $500,000. $300,000 was to be credited
        to
        licensing fees ($100,000 for each of the three initial recycling plants),
        and
        the remaining $200,000 for an exclusive right to license the Titan technology
        in
        the Republic of Mexico. The original Agreement was extended from September
        30,
        2004 to March 31, 2005, whereupon it was terminated effective March 31, 2005,
        due to non-performance by the licensee. As more fully discussed below, the
        $180,000 previously paid to Titan under this agreement was recognized as
        revenue, and credit has been given to the successor investor, PPT Holding,
        Ltd.
        (“PPT”), in this amount.
 
 Effective
        February 9, 2006, the Registrant executed a License Agreement with PPT, a
        Texas
        Limited Partnership and successor to the investor group discussed above,
        for the
        exclusive right to build recycling facilities in the Republic of Mexico,
        utilizing Titan’s patented tire recycling technology (the “Mexican License”).
        The Agreement provides for the initial construction of three facilities within
        three years, commencing initially on or about September 15, 2006, which date
        has
        been verbally extended to the date on which PPT has obtained the necessary
        building permit for the first plant in Nuevo Laredo, and has secured sufficient
        financing to commence construction of the plant. PPT has engaged engineers
        and
        architects to start the process of obtaining the building permit. The Agreement
        also calls for a $200,000 payment for the exclusive right to conduct business
        in
        the Republic of Mexico.
 
 The
        Mexican License provides for a $1,000,000 license fee for each plant, payable
        as
        follows: (i) a deposit of $100,000 paid by April 30, 2006; (ii) $300,000
        payable
        upon commencement of construction; (iii) $300,000 upon completion of
        construction; and (iv) $300,000 upon reaching full capacity. During the year
        ended July 31, 2006, PPT Holding, Ltd. and its predecessor paid Titan $320,000,
        and PPT received credit for the $180,000 previously paid by its predecessor.
        Therefore, the total initial $500,000 requirement, including the $300,000
        deposit for the first three plants as well as $200,000 for the exclusive
        license
        for the Republic of Mexico, has been satisfied. An additional $50,000 has
        been
        received during the nine months ended April 30, 2007. Since construction
        has not
        yet commenced, the entire deposit is presented as deferred revenue at July
        31,
        2006 and April 30, 2007.


*-
          8
          -*


**Titan
        Technologies, Inc.**
 **Notes
        to Financial Statements**
 **April
        30, 2007**
 (Unaudited)





The
        Mexican License further provides that Licensee will pay Titan royalty payments
        equal to $4.00 per ton of tires processed in the recycling plants in Mexico
        after full capacity is reached. Failure by PPT to make the required payments
        or
        commence construction of the first three plants by the designated dates,
        could
        result in Titan terminating the License Agreement and loss of the exclusive
        license for Mexico and all monies paid to date by PPT and its
        predecessor.
 
 Additionally,
        Titan has agreed to purchase a five percent (5%) ownership interest in PPT
        for
        $100,000, of which $75,000 was paid during fiscal 2005 pursuant to previous
        agreements that were subsequently deemed void. Titan has been given credit
        for
        its previous payments, towards the purchase of its investment in PPT. Since
        PPT
        is in the organizational stages, the final $25,000 paid in fiscal 2006 is
        presented as a deposit at April 30, 2007.
 
 Effective
        August 23, 2006, the Company entered into another licensing agreement with
        an
        unrelated investor group, Ally Investment, LLP (“Ally”), for the use of Titan's
        recycling patent and technology within the states of Texas, Louisiana,
        Mississippi and Oklahoma, and received a non-refundable deposit in the amount
        of
        $100,000, which amount is included in deferred revenue at April 30, 2007.
        The
        licensing fee agreement provides for a licensing fee for each plant of
        $1,600,000 upon securing both a construction site and construction financing,
        and production royalties of 1.5% of gross revenues derived from the sale
        of all
        products generated from the Titan technology, upon reaching full capacity.
 
 The
        license will commence upon payment of the $1,600,000. The commencement of
        construction of the first plant, as amended on February 23, 2007, must occur
        on
        or before December 31, 2007, and it must be completed and in operation, as
        amended, no later than December 31, 2008. Failure by Ally to make the required
        payment and meet the construction commencement and completion deadlines may
        result in the termination of the license agreement and resulting loss of
        all
        monies paid by Ally to Titan, unless otherwise extended by mutual written
        agreement.
  Note
          6.
          Subsequent Events
 Subsequent
            to April 30, 2007 the Company issued 212,500 shares of common stock for
            cash at
            $0.12 per share, aggregating $25,500.
  *-
            9
            -*








**ITEM
      2. MANAGEMENT'S DISCUSSION AND ANALYSIS OR PLAN OF
      OPERATION**




Results
        of Operations
 As
          a
          result of activities by management, general and administrative expenses
          decreased $15,698 to $235,282 for the nine months ended April 30, 2007
          compared
          to the nine months ended April 30, 2006, primarily due to the decrease
          in legal
          and accounting.
 
 As
          a
          result of activities by management, general and administrative expenses
          decreased $12,892 to $61,868 for the three months ended April 30, 2007
          compared
          to the three months ended April 30, 2006, primarily due to the decrease
          in legal
          and accounting.









Financial
      Condition





During
      the nine months ended April 30 , 2007 the Company received a non-refundable
      deposit of $50,000 for use of its recycling patent and technology within the
      Republic of Mexico.





The
      Company's liquidity decreased in the nine months ended April 30, 2007 as cash
      decreased $8,374 since July 31, 2006. Operations used $79,374 compared to the
      same period of the prior year in which operations used $84,463. Proceeds from
      the sale of common stock were $71,000 during the nine months ended April 30,
      2007 compared to $38,600 for the same period in 2006.





Future
      financing activities of the Company include primarily the sale of common stock.
      The Company does not solicit purchasers of its common stock but believes past
      experience demonstrates that there will be sufficient unsolicited purchases
      of
      common stock to sustain the Company's cash flow needs, especially in light
      of
      the expected revenue form licensing activities in the future.





Management
      has taken the following steps in the past and will consider taking them again,
      if necessary, to address the financial and operating condition of the Company
      which it believes will be sufficient to provide the Company with the ability
      to
      continue in existence:





o
            Improve
                marketing efforts for recycling plants and bring plastics recycling
                technology and coal gasification to a marketable
                product.





o
            Reduce
                operating and administrative expenses, and issue sock and notes payable,
                where possible for payment of
                expenses.





o
            Defer
                payment of officer’s salaries, if
                required.





*-
          10
          -*


Management
        believes that these steps, if taken, will allow the Registrant to continue
        as a
        going concern together with results of on going efforts to raise working
        capital
        through licensing agreements, and joint ventures. However, there are significant
        risks associated with the Registrant's business development and there can
        be no
        assurance that its efforts will be successful or that it will be able to
        raise
        sufficient working capital to survive as a going concern.
 
 ITEM
        3.
        CONTROLS AND PROCEDURES
 
 (a)
        Evaluation of Disclosure Controls and Procedures.
 
 The
        company maintains controls and procedures designed to ensure that information
        required to be disclosed in this report is recorded, processed, accumulated
        and
        reported to management, including the principal executive and financial officer
        to allow timely decisions regarding the required disclosure.
 
 As
        of the
        end of the period covered by this report, Company's management, with the
        participation of its principal executive and financial officer, performed
        an
        evaluation of the effectiveness of the design and operation of these disclosures
        controls and procedures. The principal executive and financial officer has
        concluded that such disclosure controls and procedures are effective in ensuring
        that required information is disclosed in the Company's reports.
 
 (b)
        Changes in Internal Controls.
 
 There
        were no significant changes in the Company's internal controls or in other
        factors that could significantly affect these controls subsequent to the
        evaluation date.





**PART
      II. OTHER INFORMATION**





Item
      1.
      Legal Proceedings





None





During
        the nine months ended April 30, 2007 the Company sold common stock to six
        investors in a non-public offering. The following table illustrates the dates
        of
        the transactions, the number of shares and the proceeds of the sale. .





Date
            
            Shares
                Issued
            
            Cash
                Received9/1/06
            
            
            33,333
            
            $
            5,0009/6/06
            
            
            33,333
            
            
            5,0009/18/06
            
            
            20,000
            
            
            3,00010/18/06
            
            
            100,000
            
            
            15,0001/5/07
            
            
            208,333
            
            
            25,0001/12/07
            
            
            150,000
            
            
            18,000544,999
            
            $
            71,000


*-
          11
          -*





We
      relied
      on Section 4(2) of the Securities Act of 1933 for exemption from the
      registration requirements of the Securities Act. Each investor was furnished
      with information concerning our formation and operations, and had the
      opportunity to verify the information supplied and ask questions of Management.
      Additionally, we obtained a representation from each of the acquiring persons
      representing their intent to acquire the securities for the purpose of
      investment only, and not with a view toward the subsequent distribution thereof.
      Each of the certificates representing the common stock carry a legend
      restricting transfer of the securities represented.





Item
      3.
      Defaults in Senior Securities





None





Item
      4.
      Submission of Matters to a Vote of Security Holders





None





Item
      5.
      Other Information





None





Item
      6.
      Exhibits and Reports on Form 8-K





(a)
            Exhibits:
                The following exhibits are filed with this
                report:





31.1
            Certification
                pursuant to Rule 13(a) of 15d-14(a) under theSecurities
                Exchange Act of 1934 as amended.





32.1
            Certification
                pursuant to 18 U.S.C. Section 1350, as adopted pursuant to Section
                906 of
                the Sarbanes Oxley Act of 2002.







(b)
            Reports
                on Form 8-K. State whether any reports on Form 8-K have been filed
                during
                the quarter for which this report is filed, listing the items reported,
                any financial statements files, and the dates of any such reports**.**




None







SIGNATURES





In
      accordance with the requirements of the Exchange Act, the Registrant has caused
      this report to be signed on its behalf by the undersigned, thereunto duly
      authorized.






TITAN
              TECHNOLOGIES, INC.Date
              June 4, 2007
            By:
            /s/ Ronald
              L. WilderRonald L. Wilder, President, Chief Executive Officer,
              Chief Financial Officer and Chief Accounting Officer.




*-
            12
            -*