Thermal Energy International Inc V.TMG

Alternate Symbol(s): TMGEF

Industrials

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

Thermal Energy International Inc > Proxy circular

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Comment by Mostlyseriouson Oct 25, 2022 7:08am

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RE:RE:RE:RE:RE:RE:RE:RE:RE:RE:Proxy circular

You are right. I remember XBC growing fast through acquisitions but then stopped following it because with growing revenues, they could never turn a profit. I think TEI can achieve better gross margins, even from today, and do not need additional overhead to service it. So, north of $25 million revenues, there is a decent step growth in revenues that can feed right to the bottom line before significanly increasing overhead to generate more.

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