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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

Post by Going44Goldon May 28, 2024 1:53pm
129 Views
Post# 36060751

Not Longer Lumpy

Not Longer Lumpy

With 2 customer announcements in 6 months, this is no longer lumpy.  We need more guidance on the 30 PDA's that remain. More transparency on budgets from customers to take on new projects as it appears that the timelines remain scattered which to me indicate a budget question with these clients.

as part of the PDA, does TMG have a commitment to budget for the project from the client? If so, is that within a year? 2 years? Or 5?  If the ROI is real, then why the lag to getting firm PO's?GLTA

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