**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  **October
      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 46,627,777.





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


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**PART
      I. FINANCIAL
      INFORMATION**






**Item
        1.  Financial Statements.**


Titan
                Technologies, Inc.BALANCE
                SHEETOctober
                31, 2007(UNAUDITED)ASSETSCurrent
                AssetsCash
            
            $
            10,053Property
                and Equipment, at costFurniture
                and fixtures
            
            
            3,077Machinery
            
            
            7,70610,783Less
                accumulated depreciation
            
            
            (10,756
            )Net
                property and equipment
            
            
            27Other
                AssetsDeposits
            
            
            25,000Other
            
            
            60925,609$
            35,689LIABILITIES
                AND STOCKHOLDERS'  (DEFICIT)Current
                LiabilitiesAccounts
                payable
            
            $
            6,492Other
                accrued liabilities
            
            
            4,085Deferred
                revenue
            
            
            470,000Total
                Current Liabilities
            
            
            480,577Stockholders'
                (Deficit)Common
                stock - no par value; authorized, 50,000,000 shares;46,294,777
                shares issued, 46,277,777 shares outstanding
            
            
            3,947,234Treasury
                stock, 17,000 shares, at cost
            
            
            -Accumulated
                (deficit)
            
            
            (4,392,122
            )(444,888
            )$
            35,689


See
        the
        accompanying notes to the financial statements.


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            -*








Titan
                Technologies, Inc.STATEMENTS
                OF OPERATIONSFor
                The Three Months Ended October 31, 2007 and 2006(UNAUDITED)2007
            
            
            2006REVENUES
            
            $
            -
            
            
            $
            -.COSTS
                AND EXPENSESGeneral
                and administrative
            
            
            64,119
            
            
            
            53,662Outside
                services
            
            
            -
            
            
            
            6,145Stock
                compensation
            
            
            -
            
            
            
            24,309Depreciation
            
            
            26
            
            
            
            2664,145
            
            
            
            84,142(Loss)
                from operations
            
            
            (64,145
            )
            
            
            (84,142
            )Provision
                for income taxes
            
            
            -
            
            
            
            -Net
                (loss)
            
            $
            (64,145
            )
            
            $
            (84,142
            )Weighted
                average common shares outstanding -Basic
                and diluted
            
            
            46,088,325
            
            
            
            44,848,576Basic
                and diluted (loss) per common share
            
            $
            (0.00
            )
            
            $
            (0.00
            )





See
        the
        accompanying notes to the financial statements.


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            -*








Titan
                Technologies, Inc.STATEMENTS
                OF CASH FLOWSFor
                The Three Months Ended October 31, 2007 and 2006(UNAUDITED)2007
            
            
            2006Cash
                flows from operating activitiesNet
                cash (used in) provided by operating activities
            
            $
            (52,024
            )
            
            $
            26,832Cash
                flows from Investing activities
            
            
            -
            
            
            
            -Cash
                flows from financing activitiesProceeds
                from sale of common stock
            
            
            31,494
            
            
            
            28,000Net
                cash provided by financing activities
            
            
            31,494
            
            
            
            28,000Net
                (decrease) increase in cash
            
            
            (20,530
            )
            
            
            54,832Cash
                at beginning of period
            
            
            30,583
            
            
            
            34,902Cash
                at end of period
            
            $
            10,053
            
            
            $
            89,734




See
        the
        accompanying notes to the financial statements.




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Titan
      Technologies, Inc**.**


Notes
      to
      Financial Statements


October
      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, 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
      three months ended October 31, 2007 the Company incurred a net loss of $64,145
      and had working capital and stockholders' deficits of $470,524 and $444,888,
      respectively, at October 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.





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Titan
      Technologies, Inc**.**


Notes
      to
      Financial Statements


October
      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 three months ended October 31, 2007 the Company sold 314,938 shares of
      common stock for cash proceeds aggregating $31,494.





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 October 21, 2007 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
              Shares
            Weighted
                Average
              Exercise
                PriceOutstanding
                at July 31, 2007
            1,350,000
            $
                0.12Granted
            -
            -Exercised
            -
            -Forfeited
            -
            -Outstanding
                at October 31, 2007
            1,350,000
            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.





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Titan
      Technologies, Inc**.**


Notes
      to
      Financial Statements


October
      31, 2007


(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 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 for PPT to conduct business
      related to the Titan technology in Mexico, which had 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 October 31, 2007





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 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 October 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 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 October 31, 2007.
      The
      licensing fee agreement provides for a licensing fee for each plant of
      $1,600,000 upon securing both a construction site and construction financing,
      and production royalties of 1.5% of gross revenues derived from the sale of
      all
      products generated using the Titan technology, upon reaching full
      capacity.





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Titan
      Technologies, Inc**.**


Notes
      to
      Financial Statements


October
      31, 2007


(Unaudited)








The
      license will commence upon payment of the $1,600,000. The commencement of
      construction of the first plant, as amended on February 23,
      2007,  must occur on or before December 31, 2007, and it must be
      completed and in operation, as amended, no later than December 31, 2008. Failure
      by Ally to make the required payment and meet the construction commencement
      and
      completion deadlines may result in the termination of the license agreement
      and
      resulting loss of all monies paid by Ally to Titan, unless otherwise extended
      by
      mutual written agreement.





Note
      6.  Subsequent Events





Subsequent
      to October 31, 2007 the Company issued 350,000 shares of common stock for cash
      proceeds of  $35,000.







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
      $10,457 to $64,119 for the three months ended October 31, 2007 compared to
      the
      three months ended October 31, 2006, primarily due to the increase in legal
      and
      accounting.





As
      a
      result of activities of management, outside services expense decreased $6,145
      to
      zero for the three months ended October 31, 2007 compared to the three months
      ended October 31, 2006.





As
      a
      result of activities of management, stock compensation expense decreased $24,309
      to zero during the three months ended October 31, 2007 compared to the three
      months ended  October 31, 2007.





Financial
      Condition





The
      Company's liquidity decreased in the three months ended October 31, 2007 as
      cash
      decreased $20,530 since July 31, 2007.  Operations used $52,024
      compared to the same period of the prior year in which operations provided
      $26,832.  Proceeds from the sale of common stock were $31,494 during
      the three months ended October 31, 2007 compared to $28,000 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.





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Titan
      Technologies, Inc**.**


Notes
      to
      Financial Statements


October
      31, 2007


(Unaudited)








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 sock and notes payable, where
      possible for payment of expenses.





Defer payment of officer’s 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, 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.








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PART
      II.  OTHER INFORMATION





Item
      1.  Legal Proceedings





None





Item
      2.  Changes in Securities





During
      the three months ended October 31, 2007 the Company sold common stock to seven
      investors.  The following table illustrates the dates of the
      transactions, the number of shares and the proceeds of the sale.





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
            7,000314,938
            $  31,494





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





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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 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
                14, 2007
            By:
            /s/ Ronald
              L. WilderRonald
                L. Wilder, President, Chief Executive Officer, Chief
              Financial
                Officer and Chief Accounting Officer




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