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Thermal Energy International Inc V.TMG

Alternate Symbol(s):  TMGEF

Thermal Energy International Inc. is a Canadian clean technology company. The Company provides energy efficiency and emissions reduction solutions to the Fortune 500 and other multinational companies. The Company operates primarily in North America and Europe but also sells its products and services through representative agents throughout the rest of the world. The Company markets, sells, engineers, fabricates, constructs, installs and supports two technology lines, such as heat recovery solutions, including direct contact heat recovery solutions (FLU-ACE), indirect contact heat recovery solutions (HEATSPONGE and SIDEKICK), and condensate return system solutions (GEM steam traps). The Company is also developing several other technology lines, including low temperature biomass drying systems (DRY-REX). The Company has two operational bases, one in Ottawa, Canada covering North America, and the other in Bristol, United Kingdom, covering Europe and the rest of the world.


TSXV:TMG - Post by User

Post by canweson Mar 12, 2010 5:27pm
631 Views
Post# 16878352

Biggest Contract to date.

Biggest Contract to date.Great news landing the largest flue-ace contract ever for this company and then following that news up with another smaller  flue-ace purchase order that can be directly linked to follow up to GEM sales at the same location traps were installed. 
This is what many were waiting for, a clear indication that people who can close deals are in place and that GEM trap sales can lead to bigger things. Cross selling is so important here and they are making it work.
A large step in the right direction that's for sure. This also removes the burden of doubt about survival for the next couple of quarters due to cash shortage. All in all, a great day for TEI shareholders, I honestly can't remember the last time things looked as promising for future growth.
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