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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

Post by proneon Feb 23, 2023 2:20pm
129 Views
Post# 35301499

Trivial acts to get a penny ... Ignores progress

Trivial acts to get a penny ... Ignores progress

In this business update CEO William Crossland provides updates on notable activities, orders, the market, and TEI's competitive position, including:

  • Last Twelve Months ("LTM") Total Order Intake has bounced back and now exceeds pre-pandemic highs
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  • Custom Equipment orders continue to break records, with a growth of over 300% when comparing Q2 YTD over the past 5 years
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  • The number of paid Turn-key Project Development Agreements (PDA) signed, a significant step in the sales and engineering cycle of our large Turn-key Projects, is at the highest level in the Company's history
  •  
  • Turn-key Project order intake is now back contributing as expected to record total order intake figures
  •  
  • Notable developments in the team, including the placement of a Vice President of Sales for North America
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