(TheNewswire)
OTTAWA, ONTARIO - TheNewswire - September 28, 2020 - 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 once again been named one of Canada's Top Growing Companies, on the 2020 Report on Business second annual ranking.
Canada's Top Growing Companies assesses Canadian companies on three-year revenue growth. Thermal Energy earned its spot with three-year growth of 70% from 2016 to 2019.
"This is the second consecutive year the ranking has recognized Thermal Energy for our success as a growing, innovative business. We are delighted to have once again placed among Canada's Top Growing Companies." Said William Crossland, CEO of Thermal Energy.
"Now more than ever businesses are looking to energy efficiency as a way to improve profitability and sustainability, and weather the current economic climate. Our proven, proprietary energy efficiency solutions have helped hundreds of leading multi-national companies around the world reduce fuel usage, minimize costs, and maintain production levels. Partnered with an ever-present demand from both consumers and legislators to limit emissions and safeguard the environment, this presents an opportunity for stable growth.
"Our ranking is a testament to our ability to deliver unique turnkey energy efficiency projects with strong ROIs and compelling paybacks for our customers, highlighting to both end users and those looking to invest that energy efficiency is an increasingly relevant market."
Launched in 2019, the Canada's Top Growing Companies editorial ranking aims to celebrate entrepreneurial achievement in Canada by identifying and amplifying the success of growth-minded, independent businesses in Canada. It is a voluntary program; companies had to complete an in-depth application process in order to qualify.
"The stories of Canada's Top Growing Companies are worth telling at any time, but are especially relevant in the wake of COVID-19 pandemic," says James Cowan, Editor of Report on Business magazine. "As businesses work to rebuild the economy, their resilience and innovation make for essential reading."
"Any business leader seeking inspiration should look no further than the 400 businesses on this year's Report on Business ranking of Canada's Top Growing Companies," says Phillip Crawley, Publisher and CEO of The Globe and Mail. "Their growth helps to make Canada a better place, and we are proud to bring their stories to our readers."
For more information on the products and services available from Thermal Energy, or to download an investor pack visit www.thermalenergy.com/investors .
The full list of 2020 winners, and accompanying editorial coverage, is published in the October issue of Report on Business magazine--out now--and online at tgam.ca/TopGrowing .
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