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                    January 31, 2002

[  ]    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                                    85-03388759
 (State or other jurisdiction of              (IRS Employer Identification No.)
  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 or 15 (d) of the Securities 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
February 14, 2002 was:    No Par Value Common                     36,542,476

Transitional Small Business Format:          Yes  [ ]    No  [X]


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                         PART I. FINANCIAL INFORMATION



                            Titan Technologies, Inc.
                                  BALANCE SHEET
                                January 31, 2002
                                    UNAUDITED
ASSETS

 Current Assets
  Cash .....................................................        $    12,903

  Property and Equipment, at cost
  Furniture and fixtures ...................................              5,407
  Machinery ................................................              7,706
                                                                    -----------
                                                                         13,113
  Less accumulated depreciation ............................             11,186
                                                                    -----------
   Net property and equipment ..............................              1,927

  Other Assets
  Accounts receivable - stockholder ........................                609
                                                                    -----------

                                                                    $    15,439
                                                                    ===========

LIABILITIES AND STOCKHOLDERS' EQUITY

 Current Liabilities
  Accounts payable .........................................        $    19,744
  Other accrued liabilities ................................              3,589
                                                                    -----------
  Total Current Liabilities ................................             23,333

 Stockholders' Equity
  Common stock - no par value; authorized,
   50,000,000 shares;
  issued and outstanding, 36,198,476 shares ................          2,598,957
  Accumulated deficit ......................................         (2,606,851)
                                                                    -----------
                                                                         (7,894)
                                                                    -----------

                                                                    $    15,439
                                                                    ===========

         The accompanying notes are an integral part of these statements

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                            Titan Technologies, Inc.
                            STATEMENTS OF OPERATIONS
                     For The Three Months Ended January 31
                                   UNAUDITED

                                                      2002             2001
                                                  ------------     ------------
REVENUES
 Other income ................................    $      6,450     $      8,220
                                                  ------------     ------------
COSTS AND EXPENSES

 General and administrative ..................          57,679           74,480
 Outside services ............................          12,770           15,280
 Depreciation ................................             231              278
                                                  ------------     ------------
                                                        70,680           90,038

 Loss before income taxes ....................         (64,230)         (81,818)

 Provision for income taxes ..................            --               --
                                                  ------------     ------------
 Net Loss ....................................    $    (64,230)    $    (81,818)
                                                  ============     ============
 Weighted average common shares
  outstanding, basic and diluted (Note 3) ....      35,958,032       34,084,597
                                                  ============     ============

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

         The accompanying notes are an integral part of these statements

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                            Titan Technologies, Inc.
                            STATEMENTS OF OPERATIONS
                      For The Six Months Ended January 31
                                   UNAUDITED

                                                      2002             2001
                                                  ------------     ------------
REVENUES
 Other income ................................    $     11,410     $     17,260
                                                  ------------     ------------
COSTS AND EXPENSES

 General and administrative ..................         116,517          132,083
 Outside services ............................          21,770           52,801
 Depreciation ................................             461              557
                                                  ------------     ------------
                                                       138,748          185,441

 Loss before income taxes ....................        (127,338)        (168,181)

 Provision for income taxes ..................            --               --
                                                  ------------     ------------
 Net Loss ....................................    $   (127,338)    $   (168,181)
                                                  ============     ============
 Weighted average common shares
  outstanding, basic and diluted (Note 3) ....      35,691,367       33,940,856
                                                  ============     ============

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

         The accompanying notes are an integral part of these statements

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                            Titan Technologies, Inc.
                            STATEMENTS OF CASH FLOWS
                      For the Six Months Ended January 31
                                   UNAUDITED

                                                            2002         2001
                                                         ---------    ---------
Cash flows from operating activities
 Cash received from subcontractor ....................   $  11,410    $  17,260
 Cash paid for suppliers and employees ...............    (120,182)    (174,164)
                                                         ---------    ---------

 Net cash used in operating activities ...............    (108,772)    (156,904)

Cash flows from financing activities
 Proceeds from sale of common stock ..................      87,300       42,500
                                                         ---------    ---------

 Net decrease in cash ................................     (21,472)    (114,404)

 Cash at beginning of year ...........................      34,375      157,180
                                                         ---------    ---------

 Cash at end of period ...............................   $  12,903    $  42,776
                                                         =========    =========
Reconciliation of Net Loss to Net Cash
 Used in Operating Activities

Net Loss .............................................   $(127,338)   $(168,181)
Adjustments to reconcile net loss to net
 cash used in Operating Activities:
 Depreciation ........................................         461          557
 Changes in assets and liabilities
  Decrease in prepaid expenses .......................        --          1,025
  Increase in accounts payable .......................      17,778        9,123
  Increase in accrued liabilities ....................         327          572
                                                         ---------    ---------

Net cash used in operating activities ................   $(108,772)   $(156,904)
                                                         =========    =========

        The accompanying notes are an integral part of these statements

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                            Titan Technologies, Inc.
                         NOTES TO FINANCIAL STATEMENTS
                           January 31, 2001 and 2000

1) BASIS OF PRESENTATION

The balance sheet at January 31, 2002 and the  statements of operations  for the
three months and six months ended  January 31, 2002 and 2001 and  statements  of
cash flows for the six months ended January 31, 2002 and 2001 have been prepared
without audit. In the opinion of management,  all adjustments  including  normal
recurring  adjustments  necessary  to  present  fairly the  financial  position,
results of operations and cash flows,  have been made.  Certain  information and
footnote  disclosures  normally  included in  financial  statements  prepared in
accordance with generally accepted accounting  principles have been condensed or
omitted. It is suggested that these financial  statements be read in conjunction
with the Company's audited financial statements at July 31, 2001. The results of
operations  for the six  months  ended  January  31,  2002  are not  necessarily
indicative of operating results for the full year.


2)  ISSUANCE OF COMMON STOCK

During the six months ended January 31, 2001 the Company sold 383,332 shares of
common stock for which it received $42,500.

During the six months ended January 31, 2002 the Company sold 866,333 shares of
common stock for which it received $87,300.


3)  NET LOSS PER COMMON SHARE

Net loss per common share is  calculated  using the weighted  average  number of
shares outstanding  during the period.  Basic and diluted earnings per share are
the same for the three  months and six months  ended  January  31, 2002 and 2001
because  the  inclusion  of options on  1,900,000  shares of common  stock at an
average exercise price of $.16 are antidilutive.


4)  MANAGEMENT'S PLANS FOR OPERATIONS

The company has experienced  significant  losses from operations in recent years
and the Company has used rather than provided cash in its operations.

The  Company's  ability to continue as a going  concern is  contingent  upon its
ability to maintain adequate  financing or obtain capital from other sources and
to attain  profitable  operations.  The financial  statements do not include any
adjustments  relating to the recoverability and classification of recorded asset
amounts  that might be  necessary  should the  Company be unable to  continue in
existence.

Management has taken the following  steps 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.



                                       6
<PAGE>

        Defer payment of officer salaries if required.

Management  believes  that these  steps will allow the  Company to continue as a
going concern in the immediate future, together with results of on going efforts
to raise working  capital  through  licensing of  agreements,  joint ventures or
sales of additional equity securities in private placements.  However, there are
significant risks associated with the Company'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 2.  MANAGEMENT'S DISCUSSION AND ANALYSIS OR PLAN OF OPERATION

The  following  Results  of  Operations  should be read in  connection  with the
Company's financial statements and notes thereto.  Information  discussed herein
includes  forward-looking  statements or opinions regarding future events or the
future  financial  performance  of the  Company,  and are subject to a number of
risks  and  other  factors  which  could  cause  the  actual  results  to differ
materially  from those  contained  in  forward  looking  statements.  Among such
factors are: general business and economic  conditions;  customer  acceptance of
anticipated  products  which may be  produced  from plants  using the  Company's
technology;  the  Company's  ability to license its  technology  for  additional
plants;  the ability of  licensees  to obtain  financing  for such  plants;  the
ability of any additional  plants,  if financed,  constructed  and operated,  to
perform in accorcance  with  expectation;  and other risk factors listed in this
Form 10-QSB or listed from time to time in  documents  filed by the Company with
the Secruities and Exchange Commission.

Results of Operations
---------------------

During the six months  ended  January 31,  2002,  the  Company had no  licensing
revenue. No plants are scheduled for construction at January 31, 2002.

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 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,  but there can be no  assurance  that this will occur or what the
amounts will be.

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<PAGE>

In recent months,  the Company has been concentrating its efforts to license its
technology  in the United  States  because it believes  that its tire  recycling
technology has been proven at commercial  scale through  operation of the Taiwan
plant. 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,  although  joint  venture
arrangements  in which the Company  would be involved in operation and ownership
of plants is also under  consideration.  Although the Company is optimistic that
recent  results in  producing  readily  marketable  activated  carbon  from tire
derived carbon black enhance the  probability  that one or more U.S. plants will
be built using the  Company's  technology,  there can be no  assurance  that the
Company will be successful in its U.S. licensing or joint venture efforts or, if
successful, what the amount of the up-front payment or production royalties will
be.

As a result of activities by  management,  general and  administrative  expenses
decreased $15,566 to $116,517 and outside services  decreased $31,031 to $21,770
for the six months  ended  January  31, 2002  compared  to the six months  ended
January 31, 2001, primarily due to decreased research activities.

As a result of activities by  management,  general and  administrative  expenses
decreased  $16,801 to $57,679 and outside  services  decreased $2,510 to $12,770
for the three months ended  January 31, 2002  compared to the htree months ended
January 31, 2001, primarily due to decreased research activities.

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

The  Company's  liquidity  decreased in the six months ended January 31, 2002 as
cash decreased by $21,472 since July 31, 2001. Operations used $108,772 compared
to the same period of the prior year in which operations used $156,904. Proceeds
from the sale of common stock was $87,300  during the six months  ended  January
31, 2002, compared to $42,500 for the same period in 2001.

The company has experienced  significant  losses from operations in recent years
and the Company has used rather than provided cash in its operations.

The  Company's  ability to continue as a going  concern is  contingent  upon its
ability to maintain adequate  financing or obtain capital from other sources and
to attain  profitable  operations.  The financial  statements do not include any
adjustments  relating to the recoverability and classification of recorded asset
amounts  that might be  necessary  should the  Company be unable to  continue in
existence.

Management has taken the following steps 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.

                                       8
<PAGE>


        Defer payment of officer salaries if required.

Management  believes  that these  steps will allow the  Company to continue as a
going concern in the immediate future, together with results of on going efforts
to raise working  capital  through  licensing of  agreements,  joint ventures or
sales of additional equity securities in private placements.  However, there are
significant risks associated with the Company'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.


                           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 six months  ended  January 31,  2002,  we sold common  stock to eight
investors,  each qualifying 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
        --------             -------------         -------------
         9/12/01                 13,333               $ 2,000
         9/24/01                100,000                10,000
         10/9/01                200,000                20,000
        10/15/01                200,000                20,000
        10/23/01                 13,000                 1,300
        12/17/01                150,000                15,000
        01/02/02                 30,000                 3,000
        01/08/02                 10,000                 1,000
        01/15/02                100,000                10,000
        01/25/02                 50,000                 5,000
                                -------               -------

                                866,333               $87,300
                                =======               =======

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.  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.  Furthermore,  we have issued stop transfer instructions
to Jersey  Transfer  & Trust  Co.,  the  transfer  agent for the  common  stock,
covering  the   certificates   representing  the  common  stock  issued  in  the
above-described transactions.

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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)  There are no exhibits required by Item 601 of Regulation S-K

                                   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.

February 14, 2002         Ronald L. Wilder
                          -----------------------------------------------------
                          Ronald L. Wilder, President, Chief Executive Officer,
                          Chief Financial Officer and Chief Accounting Officer.


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