Thermal Energy International Inc V.TMG

Alternate Symbol(s): TMGEF

Industrials

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

Thermal Energy International Inc

Bullboard Posts

Post by jonathon May 01, 2011 9:16am

441 Views

Post# 18513800

Time to buy???

I wonder..................................................if the company mentioned in #3 is Kruger.....Kruger was so impatient to get going on the last contract that they signed a PO while waiting for the contract to be ready to be signed....3 plants at $4m? equals $12m. I suspect that the Kruger Energy Division of Kruger is the "contractor" and TEI is the "subcontractor". I would like to see Kruger Energy partner with TEI.....Kruger has the impeccable business reputation and TEI has the "stuff"

Business Update: The Company would like to highlight the following business activities from the last several months.

As discussed above under "Sales" the heat recovery project at King's College Hospital in the UK that was announced March 12, 2010 was installed and commissioned during the nine months ending February 28, 2011 and is operating in line with expectations.
Also as discussed above under "Sales" the heat recovery project at the Royal National Orthopaedic Hospital in the UK that was announced by the Corporation July 12, 2010 was installed and commissioned during the three months ending February 28, 2011 and is operating in line with expectations.
On December 17, 2010 the Company signed a Letter of Intent with a major North American pulp and paper company outlining the two parties' intent to develop and, subject to financing and approval by the pulp and paper company's board of directors, implement on an exclusive basis heat recovery projects at three of the customer's locations.
On January 24, 2011 the Company signed an agreement for approximately $129,000 with a second major North American pulp and paper company pursuant to which Thermal Energy will identify, develop and design the optimum heat recovery project for one of the customer's mills.
On February 7, 2011 the Company received an order from an Ontario Hospital for approximately $126,000 to enhance and update a heat recovery system previously installed at the hospital.
The Company is currently installing and commissioning a heat recovery project with a value of approximately $220,000, for a pharmaceutical company in China. This is the second heat recovery system installed in China by the Company. The first system, valued at approximately $68,000, was sold to one of the Company's UK based pharmaceutical customers and installed at its China based facility in the fourth quarter of last year.