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, 2008





[   ]   
 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
      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
[ ]





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 12, 2008 No par common
47,999,277.





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














PART
I. FINANCIAL INFORMATION





Item
1.  Financial Statements.











Titan
      Technologies, Inc.BALANCE
      SHEETApril
      30, 2008(UNAUDITED)ASSETSCurrent
      AssetsCash
            
            $
            15,577Prepaid
      Expense
            
            
            2,525Total
      Current Assets
            
            
            18,102Other
      AssetsDeposits
            
            
            25,000Other
            
            
            609Total
      Other Assets
            
            
            25,609$
            43,711LIABILITIES
      AND STOCKHOLDERS'  (DEFICIT)Current
      LiabilitiesAccounts
      payable
            
            $
            2,193Other
      accrued liabilities
            
            
            483Deferred
      revenue
            
            
            470,000Total
      Current Liabilities
            
            
            472,676Stockholders'
      (Deficit)Common
      stock - no par value; authorized, 50,000,000 shares;47,826,277
      shares issued, 47,809,277 shares outstanding
            
            
            4,113,014Treasury
      stock, 17,000 shares, at cost
            
            
            -Accumulated
      (deficit)
            
            
            (4,541,979
            )(428,965
            )$
            43,711





See the
accompanying notes to the financial statements.




-
2 -







Titan
      Technologies, Inc.STATEMENTS
      OF OPERATIONSFor
      The Three Months Ended April 30, 2008 and 2007(UNAUDITED)2008
            
            
            2007REVENUES
            
            $
            -
            
            
            $
            -COSTS
      AND EXPENSESGeneral
      and administrative
            
            
            68,785
            
            
            
            60,246Outside
      services
            
            
            425
            
            
            
            1,595Depreciation
            
            
            -
            
            
            
            2769,210
            
            
            
            61,868(Loss)
      from operations
            
            
            (69,210
            )
            
            
            (61,868
            )Provision
      for income taxes
            
            
            -
            
            
            
            -Net
      (loss)
            
            $
            (69,210
            )
            
            $
            (61,868
            )Weighted
      average common shares outstanding -Basic
      and diluted
            
            
            47,602,816
            
            
            
            45,367,339Basic
      and diluted (loss) per common share
            
            $
            (0.00
            )
            
            $
            (0.00
            )





See the
accompanying notes to the financial statements.





-
3 -








Titan
      Technologies, Inc.STATEMENTS
      OF OPERATIONSFor
      The Nine Months Ended April 30, 2008 and 2007(UNAUDITED)2008
            
            
            2007REVENUES
            
            $
            -
            
            
            $
            -COSTS
      AND EXPENSESGeneral
      and administrative
            
            
            209,243
            
            
            
            197,469Outside
      services
            
            
            4,706
            
            
            
            13,424Stock
      compensation
            
            
            -
            
            
            
            24,309Depreciation
            
            
            53
            
            
            
            80214,002
            
            
            
            235,282(Loss)
      from operations
            
            
            (214,002
            )
            
            
            (235,282
            )Provision
      for income taxes
            
            
            -
            
            
            
            -Net
      (loss)
            
            $
            (214,002
            )
            
            $
            (235,282
            )Weighted
      average common shares outstanding -Basic
      and diluted
            
            
            46,836,988
            
            
            
            45,102,042Basic
      and diluted (loss) per common share
            
            $
            (0.00
            )
            
            $
            (0.01
            )




See the
accompanying notes to the financial statements.




-
4 -





Titan
      Technologies, Inc.STATEMENTS
      OF CASH FLOWSFor
      The Nine Months Ended April 30, 2008 and 2007(UNAUDITED)2008
            
            
            2007Cash
      flows from operating activitiesNet
      cash (used in) operating activities
            
            $
            (212,280
            )
            
            $
            (79,374
            )Cash
      flows from investing activitiesNet
      cash provided by investing activities
            
            
            -
            
            
            
            -Cash
      flows from financing activitiesProceeds
      from sale of common stock
            
            
            197,274
            
            
            
            71,000Net
      cash provided by financing activities
            
            
            197,274
            
            
            
            71,000Net
      (decrease) in cash
            
            
            (15,006
            )
            
            
            (8,374
            )Cash
      at beginning of period
            
            
            30,583
            
            
            
            34,902Cash
      at end of period
            
            $
            15,577
            
            
            $
            26,528




See the
accompanying notes to the financial statements.





-
5 -





Titan
Technologies, Inc.


Notes to
Financial Statements


April 30,
2008


(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, 2007.








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, 2008 the Company incurred a net loss of $214,002 and
had working capital and stockholders' deficits of $454,574 and $428,965,
respectively, at April 30, 2008. 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


April 30,
2008


(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 nine months ended April 30, 2008 the Company sold 1,846,438 shares of common
stock for cash proceeds aggregating $197,274.





The
Company has a compensatory stock option plan.  Under the plan, the
Company may grant options for up to 1,350,000 shares of common
stock.  The Board of Directors shall determine the exercise price and
term of the options.  The options vest on the date granted. All
options outstanding at April 30, 2008 were granted to employees or directors in
the fiscal year ended July 31, 2005 and expire in the year ending July 31,
2015.





Summarized
information relative to the Company's stock option is as follows:





Number
      of
            
            
            Weighted
      AverageShares
            
            
            Exercise
      PriceOutstanding
      at July 31, 2007
            
            
            1,350,000
            
            
            $
            0.12Granted
            
            
            -
            
            
            
            -Exercised
            
            
            (300,000
            )
            
            
            0.12Forfeited
            
            
            -
            
            
            
            -Outstanding
      at April 30, 2008
            
            
            1,050,000
            
            
            $
            0.12









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 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 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.





-
7 -





Titan
Technologies, Inc.


Notes to
Financial Statements


April 30,
2008


(Unaudited)








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 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 its first plant in Nuevo Laredo, Mexico, and has secured sufficient
financing to commence construction of the plant. PPT has obtained the building
permit for the first plant, but has not secured sufficient financing to commence
construction.  Upon commencement of the construction of the first
plant PPT will become obligated to pay Titan an initial installment of $300,000
of the remaining $900,000 for the license fee for the first
plant.  The Agreement also calls for a $200,000 payment for the
exclusive license, for PPT to utilize Titan's tire recycling technology in
Mexico, which amount has been previously received, as stated above.





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 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 was
received during the fiscal year ended July 31, 2007.  Since
construction has not yet commenced, the entire deposit is presented as deferred
revenue at April 30, 2008.





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
royalty payments for first three plants 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 seven percent (7%) 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, 2008.


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 patents 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, 2008. The
licensing fee agreement provided 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 using Titan technology, upon reaching full
capacity.





-
8 -





Titan
Technologies, Inc.


Notes to
Financial Statements


April 30,
2008


(Unaudited)








On
December 12, 2007, the Company and Ally entered into a Second Amendment to
License Agreement that modified the original License Agreement in the following
respects:




1.
              The
      Territory was expanded from the four states to the entire United
      States.
  2.
                The license fee of $1,600,000 and the royalty payment of 1.5% of all
      products produced was amended to a Ten (10%) percent membership interest
      in each of the single purpose entities formed to own and operate each
      plant beyond the first plant (the second and each subsequent
  plant).
 
 3.
                  The obligation to pay the initial license fee for the first plant of
      $1,600,000 remains unchanged, but the obligation to commence construction
      of the first plant, as amended on February 23, 2007, to commence, on or
      before December 31, 2007, and be in operation, no later that December 31,
      2008 was modified to require that construction of the first plant commence
      when (i) government agencies have granted construction approval and (ii)
      Ally has obtained financing to build the first plant. As
      of April 30, 2008 construction had not
commenced.
  4.
                    The termination of the Exclusive License was  also modified
      to provide that the exclusive license for the U.S. will terminate if Ally
      should fail to commence to obtain a permit and prepare a feasibility study
      for the next plant within twelve (12) months after the previous plant has
      reached full capacity.


Also on
December 12, 2007, the Registrant and Ally Investment entered into a Memorandum
of Understanding regarding Plastics Scrap, including but not limited to the
following terms:




1.
            The
      grant of an exclusive license for Titan's Technology and patents for the
      recycling of scrap electronics throughout the United
    States.





2.
            A
      license fee of $500,000 each to the Registrant and Adherent Technologies,
      upon Ally securing sufficient funding and government approvals to commence
      construction of the first plastics recycling
  plant.





3.
            The
      grant to the Registrant of a ten (10%) percent ownership in each entity
      established to own and operate a plastics recycling plant anywhere in the
      U.S.





4.
            A
      research and development time table for testing a sample of constituent
      materials and development of a plastics recycling plant in the
      U.S.





5.
            A
      commitment by Ally to fund and commence construction of the first plastics
      recycling plant in the U.S. within four years after delivery of the first
      sample of test material by Ally to
Titan.








-
9 -





Titan
Technologies, Inc.


Notes to
Financial Statements


April 30,
2008


(Unaudited)








Note
6.  Related Party Transactions





In
December 2007, an employee advanced $5,000 to the Company.  The
advance was due on demand, non-interest bearing and was repaid in January
2008.







Note
7.  Subsequent Events





Subsequent
to April 30, 2008, The Company sold 190,000 shares of common stock for cash
proceeds of $19,000.








-
10 -








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





Results of
Operations





As a
result of activities by management, general and administrative expense increased
$8,539 to $68,785 for the three months ended April 30, 2008 compared to the
three months ended April 30, 2007, primarily due to the increase in travel, rent
and salaries.





As a
result of activities by management, general and administrative expense increased
$11,774 to $209,243 for the nine months ended April 30, 2008 compared to the
nine months ended April 30, 2007, primarily due to the increase in legal and
accounting.





As a
result of activities of management, outside services expense decreased $1,170 to
$425 for the three months ended April 30, 2008 compared to the three months
ended April 30, 2007.





As a
result of activities of management, outside services expense decreased $8,718 to
$4,706 for the nine months ended April 30, 2008 compared to the nine months
ended April 30, 2007.





As a
result of activities of management, stock compensation expense decreased $24,309
to zero during the nine months ended April 30, 2008 compared to the nine months
ended April 30, 2007.





Financial
Condition





The
Company's liquidity decreased in the nine months ended April 30, 2008 as cash
decreased $15,006 since July 31, 2007.  Operations used $212,280
compared to the same period of the prior year in which operations used $79
374.  Proceeds from the sale of common stock were $197,274 during the
nine months ended April 30, 2008 compared to $71,000 for the same period in
2007.





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:





Improve
marketing efforts for recycling plants and bring plastics recycling technology
and coal gasification 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’s salaries, if required.








-
11 -





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 have
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 nine months ended April 30, 2008, the Company sold common stock to seventeen
investors.  The following table illustrates the dates of the
transactions, the number of shares and the proceeds of the sale.





-
12 -








Date
            
            Shares
      Issued
            
            
            Cash
      Received9/04/07
            
            
            150,000
            
            
            $
            15,0009/24/07
            
            
            43,938
            
            
            
            4,39410/15/07
            
            
            6,000
            
            
            
            60010/17/07
            
            
            5,000
            
            
            
            50010/22/07
            
            
            40,000
            
            
            
            4,00010/25/07
            
            
            70,000
            
            
            
            7,00011/05/07
            
            
            250,000
            
            
            
            25,00012/03/07
            
            
            100,000
            
            
            
            10,00012/07/07
            
            
            70,000
            
            
            
            7,00012/12/07
            
            
            20,000
            
            
            
            2,00012/18/07
            
            
            25,000
            
            
            
            2,50012/14/07
            
            
            25,000
            
            
            
            2,50012/18/07
            
            
            250,000
            
            
            
            25,0001/14/08
            
            
            300,000
            
            
            
            36,0002/15/08
            
            
            300,000
            
            
            
            36,0004/01/08
            
            
            31,500
            
            
            
            3,7804/11/08
            
            
            60,000
            
            
            
            6,0004/19/08
            
            
            100,000
            
            
            
            10,0001,846 ,438
            
            
            $
            197,274





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 carries 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








-
13 -





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.





32Certification
      pursuant to 18 U.S.C. Section 1350, as adoptedpursuant
      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
      itemsreported, any
      financial statements files, and the dates of any such reports.





The following exhibit was
filed as an exhibit to Registrant's Current Report onForm 8-K dated December 21,
2007.





10.24
            Second
      Amendment to License Agreement dated December 12, 2007, between the
      Registrant and Ally Investments, LLP, a Texas limited liability
      partnership


10.25
            Memorandum
      of Understanding related to Scrap Electronics dated December 12, 2007
      between the Registrant and Ally Investments, LLP a Texas limited liability
      partnership








-
14 -








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 16, 2008
            By:
            /s/ /s/ Ronald L. Wilder, PresidentRonald
      L. Wilder, President, Chief Executive Officer, Chief
              Financial
      Officer and Chief Accounting Officer.






- 15 -