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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 ramman1on Jun 11, 2024 10:00am
63 Views
Post# 36082547

RE:Slow train ,but not to .10

RE:Slow train ,but not to .10It would not surprise me in the least to see  1 or 2 European banks ''knocking on the door'' here  with thier irons  are in the fire , when  looking at TEI's  potential in contracts . European or N/A  does not matter,as banks will lowball  and will ensure thier hands are well in the money for the future contracts via bought deal financings .  ----  There ''has'' to be larger contracts on the horizon, as 100% capacity increases in product ,  ,re-tooling , and increases manpower are not planned and completed for the sake of nothing . ----  And (NO),having 7.5 mil behind pipe in bank ,with new manpower costs , lease costs , and re-tooling costs, is quite light , when they start to receive  larger contracts,which require significant pre-contract coin. Thus, financing ''may very well'', be on the way . ----- Certainly not a bad scenario,it's just the way it goes. 
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