SECURITIES AND EXCHANGE COMMISSION
                             Washington, D.C. 20549

                                    FORM 8-K

                                 CURRENT REPORT

Pursuant to Section 13 or 15(d) of the Securities Exchange Act of 1934

Date of Report (Date of earliest event reported):  October 20, 1998

TITAN TECHNOLOGIES, INC.
(Exact name of Registrant as specified in its charter)

  New Mexico                       0-25024                       85-0388759     
(State or other                  (Commission                    IRS Employer
jurisdiction of                  File Number)                 Identification No.
Incorporation)

            3206 Candelaria Road, N.E.
             Albuquerque, New Mexico                             87107
     (Address of principal executive offices)                  (Zip code)

        Registrant's telephone number, including area code: 505-884-0272

                                     N/A 
         (Former name or former address, if changed since last report)
                                       
Item 5. Other Events. 

On October 20, 1998, the Registrant,  Tire Recycling Technologies,  Inc. and Mr.
Ronald L. Wilder (the "Titan  Group")  entered into a Settlement  Agreement  and
Mutual Release with Strauss Investor Services,  Inc., ESA World Trade, Ltd., and
Josef Strauss (the "Strauss Group"), to resolve and end an action pending in the
United States District Court of New Mexico  entitled "In re  Consolidated  Titan
Technologies,   Inc.   Litigation,"  Cause  No.  CIV   98-0182LH/LCS-ACE.   This
consolidated action includes two separate lawsuits:  "Titan Technologies,  Inc.,
et al, v.  Josef  Strauss,  et al (Cause  No.  CIV  98-0182LH/LCS)  and  Strauss
Investor Services, Inc. et al v. Titan Technologies,  Inc., et al (Cause No. CIV
98-0580 JP/LFG).

These  actions  were  initiated  by the  Registrant  and  its  subsidiary,  Tire
Recycling Technologies, Inc., filing an action in the U.S. District Court of New
Mexico to terminate a license  agreement  and to recover  damages for an alleged
breach of contract by the defendants.  The action by Strauss Investor  Services,
Inc., et al against the Registrant,  Tire Recycling  Technologies,  Inc. and Mr.
Wilder  was for the  payment  of a  $112,000  promissory  note  and  accumulated
interest and breach of an alleged license agreement.

The Settlement Agreement and Mutual Release provides,  in part, that the Strauss
Group waives all claims to any license relating to the Registrant's technologies
and all claims for payment of the promissory note and accumulated interest.  The
Registrant  agreed to issue  1,000,000  shares of its  common  stock to  Strauss
Investor Services, Inc. as consideration for the promissory note and accumulated
interest and agreed to issue  1,500,000  shares of its common stock to ESA World
Trade,  Ltd., as partial  consideration for the voiding of any license agreement
relating to the Registrant's technologies. In addition, the Registrant agreed to
pay ESA World Trade, Ltd., $300,000 from the proceeds of the sale of licenses to
the first  five  plants  which it sells at any place on  earth,  except  for the
initial plant located in Lower Austria and all plants in Asia.

The  Registrant's  common  stock had a market  value of  approximately  $0.17 on
October 20, 1998.

As part of the complaint  filed in Cause No. CIV  98-0182LH/LCS,  it was alleged
that Mr. Josef Strauss'  actions in dealing with the Registrant  involved fraud.
This  allegation  was not well founded and should not have been  included in the
action. Titan retracts all allegations of fraud or other intentional  wrongdoing
that its officers or employees have previously made against  Strauss,  ESA World
Trade, Ltd., and/or Strauss Investor Services, Inc.

Item 7. Financial Statement and Exhibits.

There are no financial statements or exhibits filed as part of this Report

                                   SIGNATURES

Pursuant to the  requirements  of the Securities Act of 1934, the Registrant has
duly caused this report to be signed on its behalf by the  undersigned  hereunto
duly authorized.

Date: October 20, 1998

TITAN TECHNOLOGIES, INC.                         


By  Ronald L. Wilder
    ----------------
    Ronald L. Wilder,  President
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SECURITIES AND EXCHANGE COMMISSION
                             Washington, D.C. 20549

                                    FORM 8-K

                                 CURRENT REPORT

Pursuant to Section 13 or 15(d) of the Securities Exchange Act of 1934

Date of Report (Date of earliest event reported):  October 20, 1998

TITAN TECHNOLOGIES, INC.
(Exact name of Registrant as specified in its charter)

  New Mexico                       0-25024                       85-0388759     
(State or other                  (Commission                    IRS Employer
jurisdiction of                  File Number)                 Identification No.
Incorporation)

            3206 Candelaria Road, N.E.
             Albuquerque, New Mexico                             87107
     (Address of principal executive offices)                  (Zip code)

        Registrant's telephone number, including area code: 505-884-0272

                                     N/A 
         (Former name or former address, if changed since last report)
                                       
Item 5. Other Events. 

On October 20, 1998, the Registrant,  Tire Recycling Technologies,  Inc. and Mr.
Ronald L. Wilder (the "Titan  Group")  entered into a Settlement  Agreement  and
Mutual Release with Strauss Investor Services,  Inc., ESA World Trade, Ltd., and
Josef Strauss (the "Strauss Group"), to resolve and end an action pending in the
United States District Court of New Mexico  entitled "In re  Consolidated  Titan
Technologies,   Inc.   Litigation,"  Cause  No.  CIV   98-0182LH/LCS-ACE.   This
consolidated action includes two separate lawsuits:  "Titan Technologies,  Inc.,
et al, v.  Josef  Strauss,  et al (Cause  No.  CIV  98-0182LH/LCS)  and  Strauss
Investor Services, Inc. et al v. Titan Technologies,  Inc., et al (Cause No. CIV
98-0580 JP/LFG).

These  actions  were  initiated  by the  Registrant  and  its  subsidiary,  Tire
Recycling Technologies, Inc., filing an action in the U.S. District Court of New
Mexico to terminate a license  agreement  and to recover  damages for an alleged
breach of contract by the defendants.  The action by Strauss Investor  Services,
Inc., et al against the Registrant,  Tire Recycling  Technologies,  Inc. and Mr.
Wilder  was for the  payment  of a  $112,000  promissory  note  and  accumulated
interest and breach of an alleged license agreement.

The Settlement Agreement and Mutual Release provides,  in part, that the Strauss
Group waives all claims to any license relating to the Registrant's technologies
and all claims for payment of the promissory note and accumulated interest.  The
Registrant  agreed to issue  1,000,000  shares of its  common  stock to  Strauss
Investor Services, Inc. as consideration for the promissory note and accumulated
interest and agreed to issue  1,500,000  shares of its common stock to ESA World
Trade,  Ltd., as partial  consideration for the voiding of any license agreement
relating to the Registrant's technologies. In addition, the Registrant agreed to
pay ESA World Trade, Ltd., $300,000 from the proceeds of the sale of licenses to
the first  five  plants  which it sells at any place on  earth,  except  for the
initial plant located in Lower Austria and all plants in Asia.

The  Registrant's  common  stock had a market  value of  approximately  $0.17 on
October 20, 1998.

As part of the complaint  filed in Cause No. CIV  98-0182LH/LCS,  it was alleged
that Mr. Josef Strauss'  actions in dealing with the Registrant  involved fraud.
This  allegation  was not well founded and should not have been  included in the
action. Titan retracts all allegations of fraud or other intentional  wrongdoing
that its officers or employees have previously made against  Strauss,  ESA World
Trade, Ltd., and/or Strauss Investor Services, Inc.

Item 7. Financial Statement and Exhibits.

There are no financial statements or exhibits filed as part of this Report

                                   SIGNATURES

Pursuant to the  requirements  of the Securities Act of 1934, the Registrant has
duly caused this report to be signed on its behalf by the  undersigned  hereunto
duly authorized.

Date: October 20, 1998

TITAN TECHNOLOGIES, INC.                         

By  Ronald L. Wilder
    ----------------
    Ronald L. Wilder,  President