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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 Nothingmatterson Jan 20, 2022 11:36am
71 Views
Post# 34337602

RE:re:TMG get more customers...

RE:re:TMG get more customers...Lol this pumper will lose his shirt and pant
TMG12FORWRD wrote: Prone do you not think that TMG customers and potential customers have lot bigger and more numerous problems from COVID and its economic wreckage around the globe?  What about their customer's problems?  There are supply chain problems. there are labor force problems, there are sales problems, there are health problems, there are sanitation problems , there are restriction problems and you name it.

We know the $m+/-  flu-ace deals have dried up largely due to no access to customer sites.
That leaves, as the CEO noted in his f.22,Q1 financial reporting, a dependence on GEM and  BEI HEAT SPONGE which apparently has been greatly improved upon.  If the latter has not been a growing seller then we have a 25000sq.ft.,perhaps fully equipped and restructured even maybe with engineers, non-functioning expense.  The hope is that these two technologies can at least keep the company afloat for a year along with whatever may be picked up from their existing sales line customers.  TMG was not in too bad shape f.22,Q1,e.g.,existing backlog, on hold deals.
I am just hanging on here hoping that TMG can manage to also hang on.  I believe a financial report is coming for f.22,Q2.  Yes/No?

Here's to f.22 finish line still standing and a brighter f.23 .


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