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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 Mar 30, 2022 12:27pm
154 Views
Post# 34559436

res:"speaking of...."

res:"speaking of...."I may be wrong on this. The new expanded  facility in the U.S.A. is aimed primarily at the BEI greatly improved heat sponge production, and, they aim to do or partly do their own production of the steam traps and fluace there as well.
IMO,the BEI improved heat sponge may become their #1 focus.  Of course, it would be nice to see their 3 main lines of technology all increase together.
This new expanded facility will house an engineering team, and, perhaps sales as well.

Finnegan, I see the new U.S.A. as their main center of business from which TMG noted, "...(it) will be able to service the U.S. plus Canada and international thus cutting costs.  This is within their entirely new business plan approach to doing business, "vertical integration".

So, I see a HQ move to the U.S.A. as beneficial to TMG's growth and development, especially to recover from world wide economic shocks and blows, and, I see it as alredy alluded to by current management.  Just a matter of time, the right timing for.

Just my IMO/input.

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