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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 Aug 03, 2023 12:00pm
68 Views
Post# 35571348

RE:RE:RE:On a positive note...

RE:RE:RE:On a positive note...Interesting history of NRs.  June contract announcements going back to 2017 and earlier.  No July announcements?  

Ceratinly can't say that business is at a standstill throughout the world in June and July, but safe to say, for whatever reason, that June and July are not the months that are keeping the pen on the desk at Thermal.  I would hope it is not because of Thermal's staff's vacations - someone should be manning the shop welcoming any and all purchase orders. 

Having said this, some of the old news releases are not for larger or even medium orders so it could be choosing not to issue news releases on some contracts contrary to how it would have been done in the past.

The bottom line remains the same - management is not effectively making the case that the company's stock is a good investment so they are not perfororming at that important part of their job.  Continues to be on the top of the "fix list" for leadership, but at this point indications seems to be that the current leadership does not know how to fix it.  So, step 1 to the fix, get onboard some experienced folk with relevant knowledge, skillsets and track records.  They told us at the AGM to expect some director(s) early in the new calendar year.  Here we are, half way through...
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