Thermal Energy International Inc V.TMG

Alternate Symbol(s): TMGEF

Industrials

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.

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Thermal Energy International Inc

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Post by erebelon Apr 01, 2019 9:16am

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Post# 29562845

WOW....$850,000 cost $350,000 in savings per year $$$$$$$$$$

NEWS !!!!!!!!!!!!!!!!!

Thermal Energy Secures Landmark Project with Top 10 Global Tissue Company

OTTAWA, ONTARIO – April 1, 2019 – Thermal Energy International Inc. (“Thermal Energy”, or the “Company”) (TSX-V: TMG), has received an order from a leading tissue manufacturer for a heat recovery system at one of its flagship production plants.

The project, valued at $850,000, will include the deployment of Thermal Energy’s proprietary FLU-ACE® heat recovery technology, in a solution set to provide the site with natural gas savings of over $350,000 a year.

This is Thermal Energy’s first project with this top 10 global tissue producer. It comes as the Company continues to strategically focus on vertical markets where the roles of efficiency and sustainability have a significant impact. Thermal Energy has installed equipment at over 20 sites within the pulp and paper industry, with solutions leveraging a number of its products including both FLU-ACE® and GEM^TM steam trap technologies.