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Thermal Energy International Inc V.TMG

Alternate Symbol(s):  TMGEF

Thermal Energy International Inc. provides energy efficiency and emissions reduction solutions to the fortune 500 and other multinational companies. It operates primarily in North America and Europe but also sells its products and services through representative agents throughout the rest of the world. It 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 (GEMTM steam traps). It is also developing several other technology lines, including low temperature biomass drying systems (DRY-REX). Its solutions can recover up to 80% of energy lost in typical boiler plant and steam system operations. It has two primary operational bases of operation, one in Ottawa, Canada and the other in Bristol, United Kingdom, covering Europe and the rest of the world.


TSXV:TMG - Post by User

Comment by canyousayiiion Nov 23, 2020 10:22pm
79 Views
Post# 31958181

RE:RE:RE:SHHHH

RE:RE:RE:SHHHHThe sales have tripled. Growth was decent until 2012 which makes me wonder whether that pipeline was developed by the previous CEO. Since then, not even a double in 8 years which is less than 10 percent growth I believe. Last few years have not been great. Strip out Resolute and 2018 was a setback...again. Last two years include BEI which walked in with US$1.8 million revenues. As far as the stock goes, Crossland was an investment banker. Come on, that was supposed to be his strength and we got no return in his 10 years.
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