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.

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Thermal Energy International Inc

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Comment by ChasingWiLanon Oct 31, 2016 6:59pm

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Post# 25407958

RE:Backlog question

The reason the backlog increases while revenue decreases is because of the delivery time for certain products. As I understand, Flu-Ace heat recover systems are custom engineered and constructed. This requires close to 12 months for completion on most systems, with the majority of revenue realized in the final 6 months. GEM products have a shorter delivery time, thus revenues are generally realized within 3 months of the order.

When this info is combined with current backlog info, GEM revenue growth info and GEM margin info, I see reason to look forward to Q2 earnings.

DYODD

GLTA

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