growing optimism..year end goes along with growing optimism.....
Thermal Energy International Closes out the Fiscal Year with Record Order Intake for both GEM™ and HeatSponge Product Categories
The report also says strong pipeline of turnkey projects al;ong with so much other fantastic news.....
While the pipeline of Turnkey Heat Recovery projects that we are developing continues to track ahead of previous years, temporary COVID-19 travel restrictions and mitigation measures have impacted our ability to execute these projects over the last 12 months. This is due to customer preference for onsite engineering, design, and installation. However, our GEM™ and HeatSponge orders have continued to grow as they require less site access, allowing us to consistently support our customers’ efficiency and sustainability goals through minimal contact.
“As the build-back-better approach continues to have a positive impact on the growing global demand for carbon emission reduction solutions, we enter the next financial year with a record order intake level for two pivotal product categories and a strong pipeline of Turnkey Heat Recovery Projects under development.”