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 > Margins are higher for steam traps.

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Comment by Ciaoon Feb 11, 2021 9:16am

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Post# 32535940

RE:RE:Margins are higher for steam traps.

No need to wonder, answer has been given.

Bill said no in his last SCD interview. If they were to offer maintenance contracts (quote below shows selling point is maintenance free products) it would be no more than about 5% of revenues.

panapple42 wrote: I wonder if TMG is selling maintenance contracts?

prone wrote:

"Since we installed GEM steam traps throughout the site, maintenance and replacement costs are a thing of the past."

“After operation of almost a year, the FLU-ACE continued to deliver promised energy savings, requiring virtually no attention from operation or maintenance staff."