Thermal Energy International Inc V.TMG

Need to get noticed by fund managers...not newspaper readers

[prone]

Ottawa Business Journal - reposted - TNX Green

 

PEOPLE:

William Crossland

A fast-growing Ottawa cleantech company has landed another significant contract for its energy-saving system, this time with a major health-care organization.

Thermal Energy International (TSX-V:TMG) said this week it’s signed a $1.53-million deal with an unnamed hospital group to supply its heat-recovery technology, known as Flu-Ace, at two facilities managed by the health-care provider.

The company said the projects include a newly designed system for one hospital and an extension of an existing system previously installed by Thermal Energy at a second hospital.

Thermal Energy says the system is expected to save its customer more than $400,000 a year in fuel costs and reduce the hospitals’ carbon emissions by 2,300 tonnes a year. 

 

It’s the second big contract win this month for Thermal Energy, which inked a deal worth $840,000 with a multinational food products company in early October that’s expected to deliver energy savings of more than $300,000 annually. 

The firm said earlier this year it planned to step up its R&D efforts and launch new employee training programs in an effort to make itself more competitive in a post-COVID world. Thermal Energy recently cracked the Globe and Mail’s list of Canada’s 400 top-growing companies in 2020, with three-year revenue growth of 70 per cent.

The Ottawa company is also coming off a fiscal year in which it reported record revenues of $21.4 million, up two per cent from a year earlier.

Although the firm’s fourth-quarter revenues took a hit due to the COVID-19 pandemic, CEO William Crossland said the company – which relies on detailed site surveys and facility visits to tailor its products to customers’ needs – is in good shape to bounce back quickly once measures aimed at curbing the spread of the virus are eased.

 

In a recent statement, Crossland said the firm has booked $5.7 million worth of new orders since its current fiscal year began on June 1, a “significantly better” total than at the same point in the previous two years.

“As we enter the next financial year, we have a clear roadmap forward,” he said. “With year-end cash balances of $4.8 million and working capital of $2.9 million, each of which represent the highest year-end levels in over 10 years, we are strategically positioned to emerge from this challenging period in a strong position.”

 

 

[canyousayiii]

Sadly, the two things you highlighted are not accurately portrayed. I did not get a sense from TMG newsreleases that they are stepping up R&D to the point that we should be excited about really new products. And, they have not "cracked" the ranking in 2020. They were included, and higher ranked, in the inaugural ranking in 2019. But, this is OBJ.

[maestro1]

Hey Man, you know I don’t post much on Stockhouse, but why do you hang on here?  Imagine if you just bought Xebec last time I was here, you would be miles ahead, and you could buy way more Thermal now!  I feel bad I left you behind here so I am gonna throw you another lifeline! Load all you can under $3.00 of CLWT, 2021 will make you back everything you lost here holding for a decade

[greendaze]

Clwt ? 

[maestro1]

load brother load all you can afford!  This is no Thermal!  JMHO, please don’t blame me, or thank me depending on what happens,but let just say I am all in!

[panapple42]

I read somewhere about some "G8" approvals for this company.  Can you shed a bit more light ?

[canyousayiii]

Sure, if you promise to provide me the courtesy of not posting anything until I find where you read this and figure it out. Thanks.

[panapple42]

I wasn't asking you.

[canyousayiii]

Yeah, we both grew up in a decade. I don't disagree with you but would just like to point out that we could have made much more money on pretty well any American big board stock let alone picking a company such as XBC that really build a strong foundation and knows how to execute.

[maestro1]

Yah I pointed out Xebec since it is a junior Canadian company that was on Venture, and last time I was here I dropped in because I had just taken a position, and was concerned it reminded me of the Old Thermal after Hinke Left and Tim took over.  Some things never change!  Yes plenty of money to be had everywhere markets at a new high, I have a very conservative portfolio that just keeps

[canyousayiii]

Given Thermal's valuation, I think it could be a multibagger if there were changes at the board and management levels. I think we are being punished for the lack of confidence in people and not the products. Previous CEOs showed what a bit of enthusiasm can do and this was in the earlier days of Flu-Ace and GEM commercialization i.e. tougher sales pitch due to lesser track record. This lays

[greendaze]

Where is clwt listed ? I like looking at plays . Not really looking at penny stocks . Mostly fintec , financials , TaaS and autonomous transport components. Waiting with cash for my dream IPO . 

[canwes]

Euro Tech Holdings Company Limited Common Stock.    Nasdaq Listed

[greendaze]

Thanks canwes. Too much geopolitical risk for me . 

[maestro1]

Risk? This Chinese Nationalist movement is only going to benefit this company as they become a major player in BWTS!  I guess there is no risk here, or reward! See you on 2022 at 7 cents, meanwhile CLWT will be $25-50;by then!  All the best!