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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

Comment by Abouttime1on Oct 24, 2019 2:24pm
103 Views
Post# 30265782

RE:RE:RE:RE:RE:Fiscal 2020

RE:RE:RE:RE:RE:Fiscal 2020Here is what I was looking for Canyousay, I'm gonna classify this as an outlook statement from CEO. Last time he was even hinting at the future it was about acquisition, and that happened so I'm gonna say he's confident of the "future revenue trajectory" I'll definitely report back after AGM. Here's the quote from 4th quarter and annual release: "This growing order backlog is a particularly useful measure of future revenue trajectory. Considering that 70% of last year's order backlog was represented by the single Resolute Forest Products "mega" order (announced December 2017), the Company's ability to not only maintain but actually grow revenue levels beyond the one-time Resolute order showcases the robust nature of our strategy."
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