Thermal Energy International Inc V.TMG

News Release April 15th

[canwes]

Thermal Energy Receives Second Heat Recovery Order From Leading Global Brewing Company

Repeatable biogas application. First order from Russia.

OTTAWA, ONTARIO – April 15, 2021 – Thermal Energy International Inc. (“Thermal Energy or the “Company”) (TSXV: TMG), has announced it has received its second heat recovery order from one of the world’s largest brewers.

The order includes major equipment, engineering, and commissioning and is valued at over $500,000. Thermal Energy will design and deliver a customized FLU-ACE® system for the customer’s Russian production facility. The FLU-ACE® will be integrated with, and improve the efficiency of, the biogas generation system already present at the site.

The project is the second of its type for Thermal Energy in the sector, with the Company having previously supplied a similar FLU-ACE® biogas application to another leading beer producer, announced August 7, 2019. Over the last 24 months, the Company has secured heat recovery projects with three of the world’s top five brewers.

“This latest order demonstrates our ability to harness our established network of customers by supplying and servicing their sites around the world, while finding new methods of supporting their carbon reduction initiatives with innovative repeatable applications,” said William Crossland, CEO of Thermal Energy.

“With biogas generation, a standard process across many similar sites the world over, this application of our technology, especially within this sector, holds great opportunity for our Company.

“It emphasizes our capacity to meet the individual needs of the customer and the site – whether they require a full turnkey solution with installation or purely the supply of a Major Equipment Package (MEP) including engineering and commissioning, such as this latest example. This approach allows Thermal Energy to scale in new territories, such as Russia, and to accelerate growth by flexibly offering either turnkey or MEP solutions based on our customers’ implementation models and preferences.”

[canyousayiii]

I think the imlortance of this news is highlighting a repeat order - second one could lead to others faster, and the adaptation to a different application that is common in the industry. In other words, highlighting the repeatable deliverable to the client as well as that industry. Template for getting more such business and knowing how to execute efficiently and effectively.

[fergus2]

Another insightful post canyousayiii.  Wish I owned more shares in this one; however I will be a buyer on weakness on wash out days.  That does happen from time to time, or even with the daily ebb and flow of buyers not matching up on price points. Not always does the fluid come through the pipe at a constant flow rate. I'm hopeful there will be opportunities to add even as the

[canyousayiii]

Fergus, we sat on this thing in single digits for so long that it beat us up quite badly. We knew it was trading at times close to half time revenues but I am sure quite a few of us were not willing to buy more. Now you wonder what we were thinking. Anyhow, take the good that we are finally being noticed and that hopefully company investments will start paying off at just the right time. Cheers.

[fergus2]

Canyousaiii, I'm confident those investments will pay off. Whenever there is any measurable weakness I will be a buyer, but somehow, I don't think this session will be one of those days.  Good luck!

[canyousayiii]

Fergus, I am definitely not the one to ask about specific timing on buying stocks. I generally don't care about catching some bottom if there is a significant upside. Well, I do care, but I know I will not hit it... Who knows where she will go in the very short term. I think they have at least one more investor presentations this month and any and all recent newsreleases help add to that story

[fergus2]

Canyousayiii your candor on stock picking is truly refreshing and I would suggest that all of us are on that side of the ledger, most of the time, -though few would care to admit it. I favor the adage that, “well bought is half sold” but honestly, where would you hang that skyhook?   That said, this company makes money, has some excellent patents and a growing customer base. The stimulus