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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 Possibleidiot01on Jan 10, 2024 4:51pm
92 Views
Post# 35820287

RE:RE:Chewing through it

RE:RE:Chewing through it You should ask yourself - why did they bother to announce a meager $540,000 order?

This is all about competitive displacement - ""The genesis of this order traces back to a customer inquiry for a replacement of a single failed economizer made by another manufacturer. Upon reviewing the value-added design of BEI's HeatSponge COLOSSUS-model economizers, which translates to longer service life, shorter downtime, and lower maintenance costs, the customer chose to replace seven more economizers with BEI's HeatSponge economizers."

Maybe Thermal Energy has built a better, or better than most , "mousetrap" that has positive economics going for it?

Big deals come with potential problems in scaling up production. I'd rather own shares in a company with many customers then just a few customers. JMO



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