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.

TSXV:TMG - Post by User

Thermal Energy International Inc > Excellent Quarter

<< Previous

Bullboard Posts

Next >>

Comment by stockpickmanon Sep 27, 2023 9:18am

88 Views

Post# 35656499

RE:Excellent Quarter

Great results, some great hi-lights.....Go TMG Go

Order backlogⁱⁱ: $13 million as at May 31, 2023 and $21.4 million as at September 26, 2023
We saw a return in demand for our turn-key solutions, adding to the already strong growth we had in Custom Equipmentiii. Additionally, our order intake and number of signed project development agreements in fiscal 2023 were higher than ever."
and we have a robust and growing business development pipeline, positioning us well for a solid fiscal 2024."