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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 Jan 19, 2021 8:25am
150 Views
Post# 32324637

Contract news

Contract news
OTTAWA, ONTARIO – January 19, 2021 – Thermal Energy International Inc. (“Thermal Energy or the “Company”) (TSXV: TMG), an innovative cleantech company and global provider of energy efficiency and emissions reduction solutions, has been commissioned by a Canadian hospital to supply a heat recovery project.

This equipment order, valued at over $770,000, was secured following a competitive tender process and once commissioned, is expected to deliver annual fuel savings of approximately $198,000 for the hospital, and reduce CO2 emissions by an estimated 1,115 metric tonnes per year. The annual emissions expected to be eliminated is equal to removing over 240 cars from the road, or eliminating the emissions from 6 railcars’ worth of coal burned.

“Healthcare providers continue to come under increasing pressure to reduce fuel usage and operate more efficiently. We are pleased to be able to assist this hospital as they maintain their efficiency goals at one of the most challenging times for the sector in a generation,” said William Crossland, CEO of Thermal Energy.

“As a company, we have extensive experience with hospitals and healthcare facilities across North America and Europe. Now more than ever, hospitals are required to run 24 hours a day, seven days a week with no window for shutdown. As such, providing and installing effective technologies requires not only experience but also a flexible approach to deliver the best possible result for the individual site. This order is the latest example of how we continue to support these essential organizations around the world.

“We continue to see growing global interest in a “build back better” approach in all of our key markets.  Increasingly, businesses are looking to energy efficiency as a way of reducing carbon emissions while improving profitability and competitiveness. Our year-to-date order intake for this fiscal year continues to track ahead of last year.”


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