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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 proneon Oct 21, 2022 3:31pm
114 Views
Post# 35039834

RE:RE:Proxy circular

RE:RE:Proxy circular They said at various times during Covid, that there were 11-14-17 projects delayed at the engineering phase due to site lock downs.

The word project was used, as was the reference to sizes of 1M and larger.  So these were definable projects being finalized in terms of choice of upgrade and final total cost.

The the phrase project-development PDA began being used which looks more like Paid-Engineering to demonstrate options.  PE is a customer paid activity which is relatively inexpensifve and at one time TMG had 26 PE of which (IMO)  zero became an installation contract.

So - we need clarification about the 11-14-17 - to clarify customer hesitancy versus forging ahead.

Fair to say that some of the 11-14-17 are now on the back-burner and some were cancelled due to Covid delays, war-risk and recession.

So let us push for clarification of the status of the 11-14-17 - and clarification of the 'new' demand for energy efficiency we keep hearing about.

IMHO thare will be some more announcements before the AGM (in 4+ weeks).  Theses announcement will better demonstrate the 'team TMG ' successes.


Cheers. 

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