Bullboard - Stock Discussion Forum Thermal Energy International Inc V.TMG

Alternate Symbol(s): TMGEF

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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... see more

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Thermal Energy International Inc > News out today.

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Post by canwes on Apr 07, 2021 8:16am

News out today.

Thermal Energy International Expands to New Larger Manufacturing, Distribution, and Administrative Centre in U.S.

OTTAWA, ONTARIO – April 7, 2021 – Thermal Energy International Inc. (“Thermal Energy or the “Company”) (TSXV: TMG), together with its wholly owned subsidiary, Boilerroom Equipment Inc. (“BEI”), has expanded to a larger administrative, manufacturing, and distribution centre in Cheswick, PA.

Thermal Energy engineers, manufactures, and distributes products to customers all over the world from sites in Canada, the United States, and Europe. This new facility will add more strategic US capacity as well as global flexibility to the Company’s existing robust in-house and outsourced manufacturing capabilities.

The new location features approximately 25,000 square feet of warehouse and manufacturing space, plus additional office space for a growing team of US-based engineers. With convenient access to the airport and major western Pennsylvania highways, and a location only ten miles northeast of downtown Pittsburgh, PA, the new site will enable improved product shipping efficiency and world-wide distribution.

“For the last eight years, BEI has manufactured the boiler industry’s most advanced boiler economizers from a small site in Export, PA. Being limited to under 10,000 square feet at the old plant restrained our growth. Expanding to 25,000 square feet will allow us to not only facilitate BEI’s own growth, but also serve a greater Thermal Energy, by enabling the potential for the vertical integration of FLU-ACE® assembly and G EM™ Steam Trap manufacturing, and distribution in North America," said Vince Sands, BEI Founder & President.

“This signifies the next step of integration of BEI into Thermal Energy, and paves the way for increased fabrication volumes and more flexible stocking, as well as providing a US base capable of quickly adapting to continued Thermal Energy growth, with expedited service and delivery to the US market and beyond,” said William Crossland, CEO of Thermal Energy.