Thermal Energy International Inc V.TMG

Alternate Symbol(s): TMGEF

Industrials

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.

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Thermal Energy International Inc > Has anyone here done a background check on ..

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Comment by Mostlyseriouson Sep 15, 2023 9:30am

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Post# 35637942

RE:RE:RE:RE:RE:RE:RE:RE:RE:Has anyone here done a background check on ..

I was thinking $30M just from this particular pharma client over the next few years.

And then my question is why can't they execute such sales with more than a handful of their other F500 or F100 corporate accounts to eclipse $30m in annual revenues in not too distant future, accelerate growth, never look back and reach $100m in 3-5 years?

This last contract is a blessing and a curse for them. Blessing because it is one of the largest contracts they ever signed. A curse because it shows that those contracts are out there to be won so why are they not winning them more frequently.

I pretty well expect an NR every week on average leading up to the AGM that is not that far away anymore. Two weeks are covered by mandatory disclosure of financial results, so that provides them some contract announcement slack.