stockpickman wrote: Lets hope the train is finally leaving the station.....two ok news releases in a week with tons of potential with both these customers.....the field should be almost endless now !!!!!
OTTAWA, ONTARIO – TheNewswire - September 13, 2022– Thermal Energy International Inc. (“Thermal Energy” or the “Company”) (TSXV:TMG), (OTC:TMGEF), a provider of innovative energy efficiency and carbon emission reduction solutions to major corporations around the world, has been commissioned by a leading textile manufacturer to deliver its proprietary RBT® wastewater heat recovery system to drive further energy efficiency and carbon reductions for the customer. All figures are shown in CAD.
As an industry leader for jersey wear apparel, this textile manufacturer operates several production sites in Africa and South Asia, exporting 60 million garments a year to Europe and the U.S.
Motivated to reduce its overall energy consumption across its manufacturing sites, the customer initially sought interest in our GEM Steam Traps drawn to both the improved energy efficiency and the ‘maintenance-free’ benefit of our venturi technology. Priding itself on its world-class facilities and state-of-the-art operations, the customer commented on the superiority of the venturi technology of our steam traps in comparison to the traditional ball float steam traps and mechanical steam traps currently being used.
Following a successful GEM Steam Trap conversion at this site just before the global pandemic, Thermal Energy worked with the customer to identify further improvements and by calling on the recently expanded suite of technologies provided through the Sofame acquisition in 2021, a RBT® wastewater heat recovery system was selected and developed to extend the impact of previous work.
Thermal Energy’s Flu-Ace® and Heatsponge® technologies capture waste heat from air while the RBT captures heat from hot wastewater, representing a new source of heat and energy saving for our customers. This major equipment order marks the first Sofame system designed, engineered, and sold independently by Thermal Energy since the acquisition of Sofame in July 2021.
The integration of Sofame technology has been important in continuing the relationship with this customer, allowing Thermal Energy to provide a comprehensive suite of proprietary technologies to deliver energy and carbon emission savings.
“One of the key synergies and reasons for the Sofame acquisition was the opportunity to use our sales channel to improve the reach of these fantastic products and sell them to a wider market as we have done here.” said William Crossland, Thermal Energy CEO.
This order totals almost $350,000 and includes $40,000 for additional GEM Steam Traps specified on new equipment at the plant and has a payback of approximately 2 years. In total, Thermal Energy has received orders for over $900,000 in energy efficiency and carbon emission reduction solutions for this customer, across 7 sites.
“For this customer it was imperative they find the right provider in order to establish an ongoing relationship to fit their ‘bigger picture’. Once again, our suite of technologies and engineering expertise proved to be the best solution” said William Crossland, Thermal Energy CEO.
“We now have an exciting opportunity to not only replicate success across the manufacturer's other production sites, but to delve deeper into other realms of energy efficiency and push what can be achieved with our integrated technologies.”
The project is expected to be completed and revenue earned within 9 months.