In a nutshell ul 06, 2017 (TheNewswire.ca via COMTEX) -- (via TheNewswire)
OTTAWA, ONTARIO / TheNewswire / July 6, 2017 - Thermal Energy International Inc. ("Thermal Energy" or the "Company") (TMG), a global provider of proprietary energy efficiency solutions to the industrial, commercial and institutional sectors, has received a $1.82 million order from a leading Fortune 500 food and beverage company for one of the Company's proprietary FLU-ACE(R) heat recovery systems.
The heat recovery system is expected to provide the customer with utility savings of $360 thousand per year, primarily in the form of natural gas savings. The FLU-ACE system will reduce the customer's annual water usage by approximately 7.6 million litres and its carbon emissions by 2,300 tonnes. The project is expected to be completed and revenue earned over the next six to nine months. All figures are in Canadian dollars.