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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 Apr 25, 2010 10:50am
477 Views
Post# 17028662

Q2 and Q3

Q2 and Q3Given that the 2nd quarter financials were released on Friday Jan 29th this year it stands to reason that the 3rd quarter results will be out on the last business day of the this month. No compelling reason to put this out early, on time is good enough. This will give shareholders something to sink their teeth into next weekend and decide if TEI is indeed turning the corner on the way to profitability.
Since the last quarter there have been 2 contract announcements and the settlement of one legal matter. If TEI can repeat this performance during the next quarter it will be very encouraging.
Unfortunatly large GEM sales were limited to one order during the last quarter and rather a small one at that. As we are not made aware of smaller orders there is an expectation that this type of sale is made regularily and doesn't merit disclosure.  Shareholders could/should expect to see more large GEM sales shortly as the 20 odd trials in North America mentioned at the AGM get some traction and follow up orders. NHS sponsorship may also yield some further positive results soon.

Until next weekend.
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