TMG mention on Globe and Mail....Thermal Energy (TMG-CDNX)
02:55 GMT-05:00 Friday, March 09, 2001
$1.87, up 37 cents Thermal Energy International Inc.'s shares jumped by almost one quarter yesterday after the Ottawa company said it has landed a $1.6-million (U.S.) deal to conduct a demonstration of its emissions control system for American Electric Power. Thermal Energy, which specializes in high-tech air pollution control and energy recovery, earlier received other payments from AEP toward its option to acquire up to 20 per cent of Thermal Energy. That deal was signed in November. Thermal Energy shares have a 52-week range of between 95 cents (Canadian) and $3.50. The company posted a profit of $6,386 or nil a share on revenue of $496,345 during the second quarter ended Nov. 30, compared with a loss of $177,327 or 1 cent on $48,143 in the year-earlier quarter.
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