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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 gateson Nov 23, 1999 12:29pm
87 Views
Post# 1093971

What if analysis

What if analysisThe reluctance that everybody relates to although historically correct does not seem to apply in the current situation. The question is simple... why would Honeywell risk their reputation if they did not feel comfortable with the technology and their partner? I am sure Honeywell is well aware of the previous track record and must have requested specific clauses in their agreement to make sure they have a say in each and every project. If this is the case one could err towards cautious optimism in the light of recent developments and of more good news to come.
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