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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 Jul 12, 2023 9:52pm
81 Views
Post# 35538509

RE:Back to boasting about the backlog and PDAs

RE:Back to boasting about the backlog and PDAsNot to speak for him since as any CEo they will find the most positive spin, but intake of orders is purchase orders which come at different pointsbduring the year and require different lengths of time to implement.  That's why we won't see this last FY revenues be some $27 million but lower.

The PDA numbers have a little bit more info this time around....at least the number and value comparison in terms of percentages.  Sounds like there are some bigger sized projects and those could be noticeable announcements if they are converted into sales.

I think it will be important to see how growth in PDAs will unwind.  Was this a spurt, or is it start of a trend?  This one had too many stop and go's over the last decade and some, and that is one reason I think the SP is not breaking to the upside.


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