Thermal Energy International Inc V.TMG

What being in Ottawa - benefits TEI - directly & indirectly

[prone]

--->Invest Ottawa    @Invest_Ottawa

·

Nov 4

We recently hosted a meeting with Trade Commissioners from the Netherlands and Ireland,

offering local businesses an incredible window into the ICT and #cleantech markets in Europe. 

--->and

[greendaze]

This was such a no brainer . Hence I was laughing so hard at folks that wanted a move to TO . I'm still grinning about it . I'd like to see lobbying on our behalf in Brussels . 

[Mostlyserious]

TEI being in Ottawa is a "no brainer" because an Ottawa group called Invest Ottawa tries to attract business opportunities for Ottawa businesses? You don't think other cities don't have similar groups and initiatives? If TO didn't have one, then it would be because they have businesses flocking to it without needing to advertise. And Ottawa has served us so well.  

[prone]

Why work so hard being mostley negative. We both know TEI avoided bidding on Federal heating plant upgrades due to sticky contracts, regulations and low margins.  In many cases they would have to partner with more dominant integrators, on a 'take  it or leave it' basis. High LNG prices, regulations, carbon taxes and incentives 'fueled' the sales growth in the UK and

[Mostlyserious]

Not hard work.  Just a comment on someone laughing because someone else suggested that TEI could move to a metropolitan area that may have many more potential clients in its vicinity.  With that laugh, I just questioned what is the benefit of Ottawa, where most government resides.  Since they don't bid for federal jobs, you support my line of thought. I was not thinking whether

[AlbertESG]

TEI doesn't need any entity to open windows for it into the Irish and Dutch markets. Ireland is in fact the company's second largest market on a per country basis. It was responsible for sales of 3.8MM in FY24. Even sales in the Netherlands were 1.9MM which were higher than the sales in Canada of 1.5MM. As Bill often mentions, the company doesn't need any new clients. The existing

[prone]

TEI grew into its current sales areas (Ireland etc) for a lot of reasons. Everything has helped. Carbon tax helps, regulations help, LNG prices helps, competition and inflation helps.  As do floods and fires.

[panapple42]

time to ink some deals.