Thermal Energy International Inc V.TMG

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Summer Round Up 

As we say goodbye to summer, this round up provides a review of notable summer news, some upcoming events, and a reminder of our earnings call this week.

 

Standby for Year-End Results and Earnings Call

Our year-end results are just around the corner. We will be releasing the fiscal 2024 fourth-quarter and year-end financial results prior to market open on Thursday, September 19, 2024. 

 

On the same morning, management will be hosting an earnings conference call and webcast at 8:30 a.m. ET. Sign up for the call below. 

Sign up

 

TEI News You May Have Missed 

A Message from Our CEO 

In July, CEO William Crossland provided his perspective on our past fiscal year, offering an update on the company’s performance and strategic direction. With a strong outlook for fiscal 2025 and beyond, we are well-positioned for continued success.  Read more

Record-Breaking Order Intake  

We were thrilled to announce that Thermal Energy achieved a record order intake for fiscal 2024, along with an unprecedented order backlog as we stepped into fiscal 2025. In fiscal 24, we secured orders totaling $29.7 million—an impressive 9% increase year-over-year and a phenomenal 151% growth over the past two years. Our order backlog at the end of May saw a 40% increase compared to the previous year, more than doubling over the past two years. Read more

$1.9 Million Turn-Key Heat Recovery Project for a Global Materials Company 

In May, we announced a $1.9 million turn-key heat recovery project for a global materials company. This project highlights our expertise and plays a key role in helping our client meet their carbon reduction goals. With a compelling payback period of less than two years, this project exemplifies how our innovative solutions deliver both environmental and financial benefits.  Read more

 

Upcoming Events on the Horizon 

Exciting times are ahead for Thermal Energy as we prepare to participate in several key events this fall. 

 

Investor Event: Catch CEO, William Crossland presenting at the Planet MicroCap Showcase in Vancouver on September 25-26. He’ll be presenting the company’s investment highlights and participating in 1-on-1 meetings.  

 

Innovation with the Renewable Thermal Collaborative: Our North American team is heading to Washington, D.C., for the Renewable Thermal Collaborative (RTC) Summit from September 30 to October 1. As proud event sponsors, we continue our commitment to innovation in the renewable thermal sector. Our COO, Robert Triebe, will join other industry leaders from Bristol Myers Squibb, Armstrong International, and Unilever on a panel to discuss Thermal Efficiency as a Building Block for Decarbonization.  

 

Exhibiting at an Energy Efficiency Event: Our North American team will be showcasing at the AEE World Energy Conference & Expo in Nashville, TN, from September 25-27. As always, we’re excited to meet our brilliant customers and discuss the considerable impact Thermal Energy’s energy efficiency and carbon reduction solutions deliver to them.  

 

In the News

Thermal Energy in The Globe and Mail 

We’re honored to have been featured in Canada’s award-winning newspaper, The Globe and Mail, in an article focusing on innovation. Our COO, Robert Triebe, discussed our commitment to driving emission reductions and cost savings through our cutting-edge Industrial Heat Recovery Systems. Read it here

 

Planet Microcap Interview 

CEO, William Crossland spoke with Planet MicroCap, covering all things related to Thermal Energy International. In this interview, he shares valuable insights on why attendees of the upcoming Planet MicroCap Showcase in Vancouver should connect with Thermal Energy. Watch the interview here

 

Thermal Energy International, 850-36 Antares Drive, Ottawa, Ontario K2E 7W5, Canada

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