As of 1962 the NEC required that new 120-volt household receptacle outlets, for general purpose use, be both grounded and polarized.http://en.wikipedia.org/wiki/National_Electrical_Code
If the Tice Powerblock / Titan Combo is an isolation transformer and is not connected to the equipment ground of the premises then the neutral of the output, secondary winding, of the transformer is floating and could be hazardous to your health....
Of course who knows if the builder of the unit even connected one of the secondary leads of the transformer to the equipment ground inside the unit making it the neutral conductor, "The Grounded Conductor".
As I said earlier the unit is not UL and or CSA listed.