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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 Mostlyseriouson May 02, 2022 11:45am
59 Views
Post# 34647738

RE:RE:RE:RE:RE:Q3

RE:RE:RE:RE:RE:Q3I agree with you that they could be done faster, if a few hundred $K savings per year was that significant to multi-billion $ companies. They are probably "nice" but not significant enough to detract from more pressing issues or bigger decisions. They seem to go "plant by plant" for corporate accounts. It would be nice to negotiate for a few, get them done, then next few and so on. Inbetween each tranche, sales folk can work on expanding the client base. But who knows what is going on behind the scenes. I just know that poetrayed great market opportunities never lived up to rheir expectations and they are paid to figure it out. Decade and a half now for the CEO being with the company? Enough time for anyone to learn the business, no? But lets cut them the covid slack. And lets see how quickly we start seeing Sofame sales to new market sectors.
Finegan wrote: Thank you for your input Mostlyserious.  I believe that Thermal does have some negotiating leverage with the client.  Both Thermal and the client can endeavour to complete the study within the 6 month period and this could be written into the study agreement.  As to the contract approval itself, yes only the client can decide the timeline. I agree that a much more active project pipeline is needed, that has always been the case.  Bill has not been able to deliver on this.  The Dry-rex technology should be sold if possible, to a company better able to make use of it.  


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