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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 > Honestly, I think I smell a cheap financing on it's way
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Comment by proneon Jun 07, 2024 3:22pm
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Post# 36078279

RE:RE:RE:RE:RE:RE:Honestly, I think I smell a cheap financing on it's way

RE:RE:RE:RE:RE:RE:Honestly, I think I smell a cheap financing on it's waySofame's techynology was owned by a bank/creditors.   Bill waited until their financial demands were reasonable.   Of course they wanted cash.

A few sales later and Sofame technology paid for itself.

TEI got a 100+ customers that were due for an upgrade.

Luc, the former President of Sofame, basically got access to his technology back...

Great potential...!
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