**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  **January
      31, 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: No par common 45,384,339





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





**PART
      I. FINANCIAL INFORMATION**





**Item
      1. Financial Statements.**





**Titan
      Technologies, Inc.**


**BALANCE
      SHEET**


**January
      31, 2007**


(UNAUDITED)




ASSETSCurrent
                AssetsCash
            
            $
            68,683Property
                and Equipment, net
            
            
            107Other
                AssetsDeposits
            
            
            25,000Other
            
            
            60925,609$
            94,399LIABILITIES
                AND STOCKHOLDERS' (DEFICIT)Current
                LiabilitiesAccounts
                payable and accrued liabilities
            
            $
            1,604Deferred
                revenue
            
            
            450,000Total
                Current Liabilities
            
            
            451,604Stockholders'
                (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)
            
            
            (4,197,446
            )(357,205
            )$
            94,399








**See
      the accompanying notes to the financial statements.**





*-
          2
          -*


**Titan
      Technologies, Inc.**


**STATEMENTS
      OF OPERATIONS**


**For
      The Three Months Ended January 31, 2007 and 2006**


(UNAUDITED)





2007
            
            2006REVENUES
            
            $
            -
            
            $
            -.COSTS
                AND EXPENSESGeneral
                and administrative
            
            
            89,272
            
            
            88,58389,272
            
            
            88,583(Loss)
                from operations
            
            
            (89,272
            )
            
            (88,583
            )Provision
                for income taxes
            
            
            -
            
            
            -Net
                (loss)
            
            $
            (89,272
            )
            $
            (88,583
            )Weighted
                average common shares outstanding -Basic
                and diluted
            
            
            45,098,861
            
            
            44,144,359Basic
                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 Six Months Ended January 31, 2007 and 2006**


(UNAUDITED)





2007
            
            2006REVENUES
            
            $
            -
            
            $
            -.COSTS
                AND EXPENSESGeneral
                and administrative
            
            
            173,414
            
            
            176,220173,414
            
            
            176,220(Loss)
                from operations
            
            
            (173,414
            )
            
            (176,220
            )Provision
                for income taxes
            
            
            -
            
            
            -Net
                (loss)
            
            $
            (173,414
            )
            $
            (176,220
            )Weighted
                average common shares outstanding -Basic
                and diluted
            
            
            44,973,719
            
            
            44,102,783Basic
                and diluted (loss) per common share
            
            $
            (0.00
            )
            $
            (0.00
            )








**See
      the accompanying notes to the financial statements.**


*-
          4
          -*


**Titan
      Technologies, Inc.**


**STATEMENTS
      OF CASH FLOWS**


**For
      The Six Months Ended January 31, 2007 and 2006**


(UNAUDITED)


2007
            
            2006Cash
                flows from operating activitiesNet
                cash (used by) operating activities
            
            $
            (37,219
            )
            $
            (51,881
            )Cash
                flows from Investing activities
            
            
            -
            
            
            -Cash
                flows from financing activitiesProceeds
                from sale of common stock
            
            
            71,000
            
            
            13,600Net
                cash provided by financing activities
            
            
            71,000
            
            
            13,600Net
                increase (decrease) in cash
            
            
            33,781
            
            
            (38,281
            )Cash
                at beginning of period
            
            
            34,902
            
            
            56,170Cash
                at end of period
            
            $
            68,683
            
            $
            17,889








**See
      the accompanying notes to the financial statements.**






*-
          5
          -*





**Titan
      Technologies, Inc.**


**Notes
      to Financial Statements**


**January
      31, 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
      six months ended January 31, 2007 the Company incurred a net loss of $173,414
      and had working capital and stockholders' deficits of $382,921 and $357,205,
      respectively, at January 31, 2007. 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.


*-
          6
          -*


**Titan
      Technologies, Inc.**


**Notes
      to Financial Statements**


**January
      31, 2007**


(Unaudited)











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 six months ended January 31, 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 six months ended January 31, 2007
      and 2006:







2007
            
            2006Pro
                forma net (loss)
            
            $
            (173,414
            )
            $
            (176,220
            )Pro
                forma (loss) per share -Basic
                and diluted
            
            $
            (.00
            )
            $
            (.00
            )








*-
          7
          -*


**Titan
      Technologies, Inc.**


**Notes
      to Financial Statements**


**January
      31, 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
      the
      licensing fee ($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 Holdings, 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 has 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 $30,000 was
      received December 27, 2006. Since construction has not yet commenced, the entire
      deposit is presented as deferred revenue at July 31, 2006 and January 31,
      2007.





*-
          8
          -*


**Titan
      Technologies, Inc.**


**Notes
      to Financial Statements**


**January
      31, 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 $25,000 was paid during the current fiscal year and $50,000
      was paid in prior years, 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 January
      31,
      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 its
      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 January 31, 2007.
      The
      licensing fee agreement provides for a licensing 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.


*-
          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 $2,806 to $173,414 for the six months ended January 31, 2007 compared
      to the six months ended January 31, 2006, primarily due to the decrease in
      legal
      and accounting.





As
      a
      result of activities by management, general and administrative expenses
      increased $689 to $89,272 for the three months ended January 31, 2007 compared
      to the three months ended January 31, 2006, primarily due to the increase in
      legal and accounting.





During
      the six months ended January 31, 2007, the Company issued 90,802 shares of
      its
      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 in the amount
      of
      $24,309, included in general and administrative expense.





Financial
      Condition





During
      the quarter ended January 31, 2007 the Company received a non-refundable deposit
      of $30,000 for use of its recycling patent and technology within the Republic
      of
      Mexico.





The
      Company's liquidity increased in the six months ended January 31, 2007 as cash
      increased $33,781 since July 31, 2006. Operations used $37,219 compared to
      the
      same period of the prior year in which operations used $51,881. Proceeds from
      the sale of common stock were $71,000 during the six months ended January 31,
      2007 compared to $13,600 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





Item
      2.
      Changes in Securities





During
      the six months ended January 31, 2007 the Company sold common stock to six
      investors, who each qualify as an accredited investor within the meaning of
      Rule
      501 (a). 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
              March 13, 2007
            By:
            /s/ Ronald
              L. WilderRonald L. Wilder, President, Chief Executive Officer,
              Chief Financial Officer and Chief Accounting Officer.




*-
            12
            -*