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Thermal Energy International Inc V.TMG

Alternate Symbol(s):  TMGEF

Industrials Pollution & Treatment Controls
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 > Recap
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Comment by Mostlyseriouson Dec 26, 2024 10:23am
96 Views
Post# 36377587

RE:Recap

RE:Recap"Awful" 2024 is a tad extreme, I'd label it more as underwhelming based on the signed larger contracts.  But maybe a drought will be followed by a flood starting with the recent $2.8 million contract.  Next couple of months will be telling.

But I am really curious about your statement of "European business" laying off thousands.  TEI European division or Europe in general?  TEI laying off thousands in that division would be very alarming.  Whole of Europe, not so much.

Wishing you a happy and emotionally healthy New Year!
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