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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 Feb 07, 2024 10:34pm
163 Views
Post# 35869026

RE:Did anyone watch the investor conference today?

RE:Did anyone watch the investor conference today?

I suggest folk register and watch it.  30 mins, half presentation, half q and a.

i have probably watched too many of these to comment extensively as there is naturally a lot of similar material.

But here are a few things.  Past and future revenue growth rates a bit muddled, not that he wants to be clear on the future.  They are excited but hard to gage what that means.  Don't necessarily expect a steady news flow - contracts come when they come.  But they are busy.  Europe is expected to continue being stronger than North America for many different reasons.  They recently hired two sales persons for France.  MBC Communications is still involved.  They put up a slide showing some criteria they consider for acquisitions.  

Overall, sounds like still a lot of business to be had with their existing base.  Main sector food and beverage, followed by pharmaceuticals.  

I think they deliver good projects with attractive financial benefits.  Almost feel like they could hire an army of sales and engineering folk and keep them busy

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