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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

Post by TMG12FORWRDon Sep 23, 2021 2:08pm
109 Views
Post# 33908369

re"f.2021 annuals and 4th. quarter financials"

re"f.2021 annuals and 4th. quarter financials""Cash and working capital balances remain strong at $4.2m. and $3.8m."

Now that is a comfortable situation to be in especially when you have also put $'s into the purchase of a U.S.A. structure which will provide two and a half times more spacing.  Nice to know they are expectant of greatly increased sales coming down the pipe, and, don't forget the expansion of the engineering team it will also house.

Just feel good all over, instead of succumbing to the Covid TMG is stomping all over it with innovative approaches.
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