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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 retiresoon58on Jan 29, 2018 9:12am
75 Views
Post# 27453093

RE:RE:First half results - Fantastic!

RE:RE:First half results - Fantastic!Subsequent to quarter end, on December 5, 2017 the Company announced an $11 million energy efficiency project with Resolute FP Canada Inc. The project, which included the installation of two FLU-ACE Heat Recovery Systems and the conversion of the mills steam traps to Thermal Energys proprietary GEM Steam Trap system, represents the Companys largest heat recovery and largest GEM orders to date. The project is expected to be substantially completed and revenue earned over the next 17 months. As part of the Companys evolving corporate account development strategy the Company recently received four GEM orders totaling $601 thousand from two multinational consumer products companies. More specifically: -Subsequent to quarter end, the Company received two GEM orders totaling $386 thousand from one of the worlds leading consumer products conglomerates. -During the months of November and December, the Company received $215 thousand in orders from a multinational personal care consumer products company. These orders did not contribute any revenue during the second quarter. Read more at https://www.stockhouse.com/news/press-releases/2018/01/29/thermal-energy-reports-first-half-revenue-growth-of-31-and-record-order-backlog#dMyHFC6Rt46P1E2U.99
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