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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 canyousayiiion Dec 04, 2021 11:16am
73 Views
Post# 34198340

RE:RE:RE:RE:Throwing in the towel

RE:RE:RE:RE:Throwing in the towelYou are right. DryRex was supposed to be a technology that would be a few million bucks to install. They bought it from Mabarex which had an operating installation in BC, and I think it took Thermal some time to be able to showcase it. I remember they were running some small scale pilots to see what kind of biomass it was best suited for. You make a good point, Crossland needs to speak to this thing and not dangle it as a carrot to impress folk about how many products they have, but can't sell. Either put forth a sufficient effort and resources to make it a success, or take it off the menu. To have it, but to not show any sales simply speaks to their lack of ability IMO, so it is nothing to be proud of and should be buried. It just damages the brand IMO.
AlbertESG wrote:
Better than cogen is the Dry Rex. I believe that its rights were purchased for 3.5 million dollars way back in the day, and it was supposed to the next big thing for pulp companies. Clearly it wasn't. It's still mentioned on the website and in all the press release blurbs, but I'm not sure that any were ever installed. Bill never seems to mention it during any of his presentations which adds to the mystery.


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