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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 jonathon Aug 08, 2011 7:32pm
200 Views
Post# 18919153

RE: re:"...buy up shares... ... ..."

RE: re:"...buy up shares... ... ..."The only reason to buy TEI shares now is because by this time next year TEI's share price will be up by 200-1000% perhaps more. Doubling your money is the bare bare minimum.The strong business possibilities  with the UK NHS alone is "mind boggling". Friday's contract bypassed the normal tendering process [see below prone 8/7/11].The "writing is on the wall". The possibility of getting rich is staring us right in the face. It like buying a loto ticket and knowing the winning number. This could be the opportunity of a lifetime to get rich.  

This is the rare exception to "Its too good to be true"

 

TRUST BOARD: 28th JULY 2011

 

Title

Heat Recovery Project: FluAce Direct Contact Flu Gas Economiser

 

Report Author

Hugh Gostling, Asst. Dir. Estates and Facilities

Philip Murray, Asst. Dir. Finance

Executive Director

Richard Eley, Dir. Finance

Neal Deans, Dir. Estates and Facilities

 

Purpose of the paper

 

To inform the Board of a proposed investment in Flu Gas Economiser and request approval to proceed with the investment.

 

Key messages for the Board and recommendations

 

o     St. George’s Healthcare NHS Trust has made a number of public commitments to sustainable development

o     The Trust has been offered an interest-free loan of £1.5m by Government funded Salix to install a Flu Gas Economiser

o     The Economiser will enable the trust to reduce its carbon footprint and therefore expenditure on gas by 12% of current gas usage (FY11-12). 

o     The investment will enable a monetary return to the trust of £5.37m over the life of the asset.

o     The Salix offer is time sensitive; the Economiser will take 3 months to make following commission and 6 weeks to install.   The work has to been completed by 31/12/2011. Therefore the order must be placed on or before 1st August 2011

 

Actions for the Board

 

  1. To approve the investment in a Flu Gas Economiser
  2. To agree that the trust enters into the loan from Salix
  3. To agree to waive the trust’s usual procurement procedures should be waived in relation to this project and that this product should be procured by use of a single tender action process
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