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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 AlbertESGon Jun 22, 2023 6:10am
87 Views
Post# 35508540

RE:RE:RE:RE:I am still ... Thinking positive thoughts

RE:RE:RE:RE:I am still ... Thinking positive thoughts
So many unanswered questions indeed. My main one is what is going on with Flu Ace sales? Only one Flu Ace deal announced in the last 7 months. It is supposed to be the flagship product. Are our clients moving on to something else? Notice how the value of these projects has been in steady decline. Did they basically have to give them away to get sales?

Remember the pulp industry? It was the main focus of the company for a while. Remember how Resolute was supposed to be a game changer and usher in more pulp mill mega projects? When was the last time anything was mentioned about pulp mills? Or Resolute?

And the UK hospital system was a reliable purchaser of Flu Aces. Well, that completely dried up too. They apparently went to a different system. Is that what is happening across the rest of our clients?

Shouldn't they be announcing a Flu Ace project per month if the proposal pipeline is as big as Bill describes it?
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