FORM 10-QSB - QUARTERLY OR TRANSITIONAL REPORT UNDER
                             SECTION 13 OR 15 (d) OF
                       THE SECURITIES EXCHANGE ACT OF 1934
                        Quarterly or Transitional Report

         U.S. Securities and Exchange Commission Washington, D.C. 20549

(Mark One)
[XX] QUARTERLY REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE
     ACT OF 1934


                   For quarterly period ended October 31, 2004
                                              ----------------

[]   TRANSITION  REPORT  PURSUANT  TO  SECTION  13 OR  15(d)  OF THE  SECURITIES
     EXCHANGE ACT OF 1934


                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 Employer Identification No.)
    of incorporation or organization)

                 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



     The number of shares of the  registrant's  common stock  outstanding  as of
December 20, 2004 was:     No Par Value Common         41,417,308

   Transitional Small Business Format:    Yes      No X


<PAGE>

                          PART I. FINANCIAL INFORMATION

Item 1.  Financial Statements.


                            Titan Technologies, Inc.
                                  BALANCE SHEET
                                October 31, 2004
                                   (UNAUDITED)

ASSETS
Current Assets
Cash                                                               $    17,009
Accounts receivable                                                     10,000
                                                                   -----------
Total Current Assets                                                    27,009
                                                                   -----------

Property and Equipment, at cost
Furniture and fixtures                                                   3,077
Machinery                                                                7,706
                                                                   -----------
                                                                        10,783
Less accumulated depreciation                                          (10,195)
                                                                   -----------
Net property and equipment                                                 588
                                                                   -----------

Other Assets                                                               608
                                                                   -----------

                                                                   $    28,205
                                                                   ===========

LIABILITIES AND STOCKHOLDERS'  (DEFICIT)
Current Liabilities
Accounts payable                                                   $     1,314
Other accrued liabilities                                                4,487
Deferred revenue                                                       180,000
                                                                   -----------
Total Current Liabilities                                              185,801
                                                                   -----------


Stockholders' (Deficit)
Common stock - no par value; authorized, 50,000,000 shares;
  41,246,808 shares issued and 41,229,808 shares outstanding         3,396,432
Treasury stock, 17,000 shares, at cost                                    --
Accumulated (deficit)                                               (3,554,028)
                                                                   -----------
                                                                      (157,596)
                                                                   -----------

                                                                   $    28,205
                                                                   ===========

             See the accompanying notes to the financial statements.

                                        2
<PAGE>



                            Titan Technologies, Inc.
                            STATEMENTS OF OPERATIONS
                     For The Three Months Ended October 31,
                                   (UNAUDITED)

                                                      2004            2003
                                                  ------------    ------------
REVENUES                                          $       --      $       --
                                                  ------------    ------------

COSTS AND EXPENSES
General and administrative                              66,082          67,933
Outside services                                         1,800             865
Depreciation                                               107             183
                                                  ------------    ------------
                                                        67,989          68,981
                                                  ------------    ------------

(Loss) from operations                                 (67,989)        (68,981)
                                                  ------------    ------------

(Loss) before income taxes                             (67,989)        (68,981)

Provision for income taxes                                --              --
                                                  ------------    ------------
Net (loss)                                        $    (67,989)   $    (68,981)
                                                  ============    ============

Weighted average common shares outstanding -
   Basic and diluted                                41,143,928      40,187,130
                                                  ============    ============

Basic and diluted (loss) per common share         $      (0.00)   $      (0.00)
                                                  ============    ============


             See the accompanying notes to the financial statements.

                                        3
<PAGE>


                            Titan Technologies, Inc.
                            STATEMENTS OF CASH FLOWS
                     For The Three Months Ended October 31,
                                   (UNAUDITED)

                                                      2004         2003
                                                    ---------    ---------
Cash flows from operating activities
Net cash (used in) operating activities             $ (70,510)   $ (98,610)
                                                    ---------    ---------

Cash flows from investing activities
Net cash provided by investing activities                --           --
                                                    ---------    ---------

Cash flows from financing activities
Decrease in account payable - related party           (25,000)        --
Proceeds from sale of common stock                     15,000       27,250
                                                    ---------    ---------
Net cash provided by (used in)
    financing activities                              (10,000)      27,250
                                                    ---------    ---------
Net (decrease) in cash                                (80,510)     (71,360)

Cash at beginning of period                            97,519      111,879
                                                    ---------    ---------

Cash at end of period                               $  17,009    $  40,519
                                                    =========    =========

             See the accompanying notes to the financial statements.

                                        4
<PAGE>

                            Titan Technologies, Inc.
                          Notes to Financial Statements
                                October 31, 2004
                                   (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 two years
ended July 31, 2004.


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
three months ended October 31, 2004 the Company incurred a net loss of $67,989,
and had working capital and stockholders' deficits of $158,792 and $157,596,
respectively, at October 31, 2004. In addition the Company has no revenue
producing operations.

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.

                                        5
<PAGE>

                            Titan Technologies, Inc.
                          Notes to Financial Statements
                                October 31, 2004
                                   (Unaudited)


Note 4.   Stockholders' (Deficit)

During the three month period ended October 31, 2004 the company sold 150,000
shares of common stock for cash proceeds aggregating $15,000.

During the three months ended October 31, 2004 the Company issued 5,000 shares
of common stock in settlement of accounts payable.

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 five year period commencing on the grant date and continuing
through October 2009.

The effect of applying SFAS No. 123 pro forma net (loss) is not necessarily
represetative 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 addtiional 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
5 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:

                                October 31, 2004

Pro forma net (loss)                                         $(162,469)
Pro forma (loss) per share -
Basic and diluted                                            $    (.00)

Note 5.  Licensing Agreements

On February 20, 2003 the Company entered into a license agreement for technology
related to tire recycling covering the following territories; the State of
Texas, Austria, and Brazil. The Agreement called for payments aggregating
$1,000,000. In addition, the company was entitled to a production royalty of $4
per ton on tires processed.

On June 4, 2003 the terms of the agreement were modified. Under the terms of the
modified license agreement the Company is to receive payments aggregating
$2,000,000, $10,000 of which was received as of April 30, 2003; $990,000 of
which will be paid upon the licensor reaching certain construction milestones;
and $1,000,000 of which will be paid as production royalties.

                                        6
<PAGE>

                            Titan Technologies, Inc.
                          Notes to Financial Statements
                                October 31, 2004
                                   (Unaudited)


As an enticement to enter into the license agreement the Company will grant the
licensee a 5-year stock purchase warrant for 1,000,000 shares of common stock at
$0.30 per share upon the licensee remitting a payment aggregating $330,000 to
the Company from achieving certain construction milestones. As of the date of
this report the construction milestones have not been met and the warrant had
not been granted.

On April 2, 2004 and again on October 30, 2004, the Agreement was further
modified with a group of investors, to provide for the construction of three
tire recycling plants to be built in Mexico. The Company has received a
non-refundable deposit of $180,000, which is recorded as deferred revenue at
October 31, 2004. Under the terms of the agreement, the Company is to receive a
payment of $500,000. $300,000 will be credited to the licensing fee: $100,000
for each of the three initial recycling plants and the remaining $200,000 for an
exclusive license agreement for the Republic of Mexico.


                                        7
<PAGE>

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 $1,851 to $66,082 for the three months ended October 31, 2004 compared
to the three months ended October 31, 2003 primarily due to the decrease in
legal and accounting.

As a result of activities of management, outside services expenses increased
$935 to $1,800 for the three months ended October 31, 2004 compared to the three
months ended October 31, 2004.

With respect to existing plants constructed in Korea (not currently operating
because of financial failure of parent companies unrelated to the Company's
technology) and Taiwan (not currently operating because of the unavailability of
tires) using the Company's technology, no licensing fees or royalties have been
received by the Company. The Company is optimistic that royalties will be
received in the future from the operator/sub-licensee of the Taiwan plant, if it
should begin to operate again, but there can be no assurance that this will
occur or what the amounts will be.

In recent months, the Company has been concentrating its efforts on licensing
its technology in the United States because it believes that its tire recycling
technology has been proven at commercial scale through operation of the Asian
plants. Current discussions with prospective U.S. licensees involve payment of
an up-front licensing fee and on-going production royalties on a negotiated
basis, depending on the scope of the licensing agreement. Joint venture
arrangements in which the Company would be involved in operation of plants are
also under consideration. The Company is optimistic that recent results in
producing readily marketable activated carbon from tire derived carbon black
enhances the probability that one or more U.S. plants will be built using the
Company's technology, but there can be no assurance that the Company will be
successful in its U.S. licensing or joint venture effort or, if successful, what
the amount of the up-front payment or production royalties will be.

Financial Condition
-------------------

The Company's liquidity decreased in the three months ended October 31, 2004 as
cash decreased by $80,510 since July 31, 2004. Operations used $70,510 compared
to the same period of the prior year in which operations used $98,610. Proceeds
from the sale of common stock were $15,000 during the three months ended October
31, 2004 compared to $27,250 for the same period in 2003.

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.

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

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

Defer payment of officer salaries if required.

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, joint ventures or sales of
additional equity securities in private placements. 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.

                                        8
<PAGE>


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

At the date of this report there are no known legal proceedings pending or
judgments against the Registrant or against any director or officer of the
Registrant in their capacity as such.


Item 2. Changes in Securities

During the three months ended October 31, 2004 the Company sold common stock to
one investor, who qualifies as an accredited investor within the meaning of Rule
501(a). The following table illustrates the dates of the transaction, the number
of shares and the proceeds from the sale.

         Date            Shares Issued            Cash Received
       --------          ------------------    ----------------
       10/04/04               150,000           $ 15,000

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 the 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.

                                        9
<PAGE>

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) or 15d-14(a) under the Securities
          Exchange Act of 1934, as amended.

     32   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 December 20, 2004                  /s/ Ronald L. Wilder
                                        -----------------------------
                                        Ronald L. Wilder, President,
                                        Chief Executive Officer,
                                        Chief Financial Officer and
                                        Chief Accounting Officer.

                                       10