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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 Feb 09, 2023 8:21am
100 Views
Post# 35276553

RE:RE:Attendance has previously amounted in some business ...

RE:RE:Attendance has previously amounted in some business ...I would say that pulp and paper industry was supposed to be the bread and butter of this company.  I think they had some successes there before the successes in other industries. In any case, they showed that business was to be had and in recent times that front has been silent in terms of individual contract announcements. I think we get some steam trap business, but that is nothing compared to 3ish $4M-$5M heat recovery installations per site that we had over the last decade and a half. So, IMO they have to hit that sector harder.

Share your thoughts on Dry Rex. I think there was some interest and they ran some lab scale tests for specific applications. I also seem to recall something about gaining and giving greater access to the original Dry Rex installation in BC before the acquisition as a reference site. Nothing beyond that.

If they have a lot more lower hanging fruit, then ignore for now. But this was the largest fruit in company history, and lower hanging fruit means almost weekly or certainly bi-weekly announcements IMO. Right now it is starting to look like all low hangiing fruit has been picked from September to December and we have to wait for the subsequent harvest season to end.
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