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.

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Thermal Energy International Inc > Thank you for those positive posts: $2.2M orders

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Comment by Mostlyseriouson Sep 23, 2024 10:35am

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Post# 36236297

RE:RE:RE:Thank you for those positive posts: $2.2M orders

This would require some digging, but I would presume that the gross margin %s are similar. If not, then we could be banking about $3 million in profit from last year's project, which I highly doubt.

Any contract win is good news, but partly to your point, the smaller they are, the more of them we need.

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