Thermal Energy Secures $1 Million Follow-on Order for Heat Recovery Project from Global Pharmaceutical Leader
Ottawa, Ontario--(Newsfile Corp. - June 26, 2025) - Thermal Energy International Inc. (TSXV: TMG) (OTCQB: TMGEF) ("Thermal Energy" or the "Company"), a provider of innovative energy efficiency and carbon emission reduction solutions to major corporations around the world, today announced a custom equipment order valued at just over $1 million from one of the world's largest pharmaceutical companies. This order stems from a Project Development Agreement, which led to Thermal Energy's largest engineering contract to date, announced on February...
2025-06-26 7:01 AM EDT
Thermal Energy Announces Normal Course Issuer Bid
Ottawa, Ontario--(Newsfile Corp. - May 22, 2025) - Thermal Energy International Inc. (TSXV: TMG) (OTCQB: TMGEF) ("Thermal Energy" or the "Company"), a provider of innovative energy efficiency and carbon emission reduction solutions to major corporations around the world, today announced its intention to undertake a Normal Course Issuer Bid (the "Bid"). Thermal Energy is launching the Bid because it believes that, from time to time, the market price for the common shares of the...
2025-05-22 7:01 AM EDT
Thermal Energy Announces $930 Thousand in Repeat Business from Multinational Consumer Goods Company
Ottawa, Ontario--(Newsfile Corp. - May 14, 2025) - Thermal Energy International Inc. (TSXV: TMG) (OTCQB: TMGEF) ("Thermal Energy" or the "Company") , a provider of innovative energy efficiency and carbon emission reduction solutions to major corporations around the world, has received a $930 thousand GEM order from a multinational consumer products company for one of its European sites. All figures are shown in CAD."Based on realized fuel savings and the carbon emissions reductions delivered to date by our GEM steam...
2025-05-14 7:01 AM EDT
Thermal Energy Reports Third Quarter Results
Ottawa, Ontario--(Newsfile Corp. - April 29, 2025) - Thermal Energy International Inc. (TSXV: TMG) (OTCQB: TMGEF) ("Thermal Energy" or the "Company"), a provider of innovative energy efficiency and carbon emission reduction solutions to major corporations around the world, today reported its financial results for the third quarter ended February 28, 2025. All figures are in Canadian dollars.Q3 2025 Highlights: Revenue decreased 4.1% to $5.8 million compared to Q3 2024. Negative EBITDAi of $167 thousand and net loss of $403 thousand.Cash...
2025-04-29 7:01 AM EDT
Thermal Energy International to Report Third Quarter 2025 Financial Results on April 29
Ottawa, Ontario--(Newsfile Corp. - April 17, 2025) - Thermal Energy International Inc. (TSXV: TMG) (OTCQB: TMGEF) ("Thermal Energy" or the "Company"), a provider of innovative energy efficiency and carbon emission reduction solutions to major corporations around the world, will release its fiscal 2025 third quarter financial results prior to market open on Tuesday, April 29, 2025. Management will host an earnings conference call and webcast to review the financial results at 8:30 a.m. ET the same morning. A question-and-answer session...
2025-04-17 10:30 AM EDT
Thermal Energy Announces $1 Million Heat Recovery Expansion Project with Leading Multinational Food & Beverage Company
Expansion project at American site to yield further reductions in natural gas consumption and CO2 emissionsOttawa, Ontario--(Newsfile Corp. - April 16, 2025) - Thermal Energy International Inc. (TSXV: TMG) (OTCQB: TMGEF) ("Thermal Energy" or the "Company"), a provider of innovative energy efficiency and carbon emission reduction solutions to major corporations around the world, has received an order from one of its largest customers to expand the existing heat recovery system installed by Thermal Energy in 2019. This turnkey heat recovery...
2025-04-16 7:01 AM EDT
Thermal Energy Announces its Largest Engineering Contract to Date - a $500,000 Contract from Another Leading Pharmaceutical Company
Canadian cleantech firm's solutions positioned as low-hanging fruit for multinational pharmaceutical companies looking to meet carbon emission reduction targets.Ottawa, Ontario--(Newsfile Corp. - February 11, 2025) - Thermal Energy International Inc. (TSXV: TMG) (OTCQB: TMGEF) ("Thermal Energy" or the "Company"), a provider of innovative energy efficiency and carbon emission reduction solutions to major corporations around the world, has received a contract from one of the world's largest multinational pharmaceutical companies to provide detailed engineering services for a potential heat recovery project...
2025-02-11 7:01 AM EST
Thermal Energy Achieves Record Revenue in Second Quarter
Ottawa, Ontario--(Newsfile Corp. - January 28, 2025) - Thermal Energy International Inc. (TSXV: TMG) (OTCQB: TMGEF) ("Thermal Energy" or the "Company"), a provider of innovative energy efficiency and carbon emission reduction solutions to major corporations around the world, today reported its financial results for the second quarter ended November 30, 2024. All figures are in Canadian dollars.Q2 2025 Highlights:(Compared to Q2 2024)Revenue increased 22% to a record $8.7 million EBITDAi of $0.3 million and net income of $28 thousand were...
2025-01-28 7:01 AM EST
Thermal Energy International to Report Second Quarter 2025 Financial Results on January 28
Ottawa, Ontario--(Newsfile Corp. - January 15, 2025) - Thermal Energy International Inc. (TSXV: TMG) (OTCQB: TMGEF) ("Thermal Energy" or the "Company"), a provider of innovative energy efficiency and carbon emission reduction solutions to major corporations around the world, will release its fiscal 2025 second quarter financial results prior to market open on Tuesday, January 28, 2025. Management will host an earnings conference call and webcast to review the financial results at 8:30 a.m. ET the same morning. A question-and-answer session will follow management's...
2025-01-15 10:30 AM EST
Thermal Energy Announces $2.8 Million Turn-Key Project with a Leading Pharmaceutical Company
Ottawa, Ontario--(Newsfile Corp. - December 16, 2024) - Thermal Energy International Inc. (TSXV: TMG) (OTCQB: TMGEF) ("Thermal Energy" or the "Company"), a provider of innovative energy efficiency and carbon emission reduction solutions to major corporations around the world, has received an order for a heat recovery and heat pump project valued at approximately $2.8 million from a leading multinational pharmaceutical company. All figures are shown in CAD."We are thrilled to announce our third heat recovery project with this customer within the last 15...
2024-12-16 7:01 AM EST
Thermal Energy International Announces Grant of Stock Options
Ottawa, Ontario--(Newsfile Corp. - December 2, 2024) - Thermal Energy International Inc. (TSXV: TMG) (OTCQB: TMGEF) ("Thermal Energy" or the "Company"), a global provider of energy efficiency and emissions reduction solutions, has announced that it granted 1,392,000 options to purchase common shares of the Company to officers and directors of the Company on November 30, 2024 as part of an overall remuneration and incentive program.The stock options were granted pursuant to the terms of the Company's stock option plan,...
2024-12-02 7:01 AM EST
Thermal Energy Subsidiary Receives Orders Totalling More Than $1,000,000
Ottawa, Ontario--(Newsfile Corp. - November 11, 2024) - Thermal Energy International Inc. (TSXV: TMG) (OTCQB: TMGEF) ("Thermal Energy" or the "Company"), a provider of innovative energy efficiency and carbon emission reduction solutions to major corporations around the world, announced today that its subsidiary, Boilerroom Equipment Inc. ("BEI") received three orders totalling just over $1 million in the past three weeks. All figures are in Canadian dollars."We're pleased to share news of the most recent custom equipment orders received by BEI,"...
2024-11-11 7:01 AM EST
Thermal Energy's First Quarter Results Highlighted by Record Revenue and Growing Profitability
Ottawa, Ontario--(Newsfile Corp. - October 30, 2024) - Thermal Energy International Inc. (TSXV: TMG) (OTCQB: TMGEF) ("Thermal Energy" or the "Company"), a provider of innovative energy efficiency and carbon emission reduction solutions to major corporations around the world, today reported its financial results for the first quarter ended August 31, 2024. All figures are in Canadian dollars.Q1 2025 Highlights: (Compared to Q1 2024)Revenue: $8.5 million (up 63%) EBITDAi: $0.6 million (up 33%) Net income: $0.3 million (up 91%) Cash and...
2024-10-30 7:01 AM EDT
Thermal Energy Receives $1.5 Million Heat Recovery Order from a Multinational Confectionery Company
Ottawa, Ontario--(Newsfile Corp. - October 28, 2024) - Thermal Energy International Inc. (TSXV: TMG) (OTCQB: TMGEF) ("Thermal Energy" or the "Company"), a provider of innovative energy efficiency and carbon emission reduction solutions to major corporations around the world, has received an order for a heat recovery project valued at approximately $1.5 million from a multinational confectionary company. All figures are shown in CAD.Commenting on the order, William Crossland, CEO of Thermal Energy, said: "This order is notable for several reasons. First, this turn-key...
2024-10-28 7:01 AM EDT
Thermal Energy International to Report First Quarter 2025 Financial Results on October 30
Ottawa, Ontario--(Newsfile Corp. - October 18, 2024) - Thermal Energy International Inc. (TSXV: TMG) (OTCQB: TMGEF) ("Thermal Energy" or the "Company"), a provider of innovative energy efficiency and carbon emission reduction solutions to major corporations around the world, will release its fiscal 2025 first quarter financial results prior to market open on Wednesday, October 30, 2024. Management will host an earnings conference call and webcast to review the financial results at 8:30 a.m. ET the same morning. A question-and-answer session...
2024-10-18 10:30 AM EDT
Thermal Energy Receives $2.2 Million in Repeat Business from a Leading Pharmaceutical Company
Ottawa, Ontario--(Newsfile Corp. - September 23, 2024) - Thermal Energy International Inc. (TSXV: TMG) (OTCQB: TMGEF) ("Thermal Energy" or the "Company"), a provider of innovative energy efficiency and carbon emission reduction solutions to major corporations around the world, has received an order for a heat recovery and heat pump project valued at approximately $2.2 million from a leading multinational pharmaceutical company. All figures are shown in CAD."This is our second heat recovery order under our global master services agreement with...
2024-09-23 7:01 AM EDT
Thermal Energy International Reports Fourth Quarter and Fiscal 2024 Results
Ottawa, Ontario--(Newsfile Corp. - September 19, 2024) - Thermal Energy International Inc. (TSXV: TMG) (OTCQB: TMGEF) ("Thermal Energy" or the "Company"), a provider of innovative energy efficiency and carbon emission reduction solutions to major corporations around the world, today reported its financial results for the fourth quarter and year ended May 31, 2024. All figures are in Canadian dollars.Highlights: (Comparisons are on a year-over-year basis)Revenue: $25.9 million (up 23%) for the year, $7.5 million (down 8%) for the quarter. Gross...
2024-09-19 7:01 AM EDT
Thermal Energy International to Announce Fourth Quarter and Fiscal Year 2024 Financial Results on September 19, 2024
Ottawa, Ontario--(Newsfile Corp. - September 10, 2024) - Thermal Energy International Inc. (TSXV: TMG) (OTCQB: TMGEF) ("Thermal Energy" or the "Company"), a provider of innovative energy efficiency and carbon emission reduction solutions to major corporations around the world, will release its fiscal 2024 fourth quarter and year-end financial results prior to market open on Thursday, September 19, 2024. Management will host an earnings conference call and webcast to review the financial results at 8:30 a.m. ET the same morning. A question-and-answer...
2024-09-10 10:30 AM EDT
Thermal Energy International's CEO Provides Business Update
Ottawa, Ontario--(Newsfile Corp. - July 23, 2024) - Thermal Energy International Inc. (TSXV: TMG) (OTCQB: TMGEF) ("Thermal Energy" or the "Company"), a provider of innovative energy efficiency and carbon emission reduction solutions to major corporations around the world, today announced that its Chief Executive Officer, William Crossland, has published a letter to shareholders, which has been made available on the investors section of the Company's website at https://investors-thermalenergy.com/news/ceo-business-update-summer-2024. In the letter, William Crossland provides his commentary on Thermal Energy's progress...
2024-07-23 7:01 AM EDT
Thermal Energy International Announces Record Order Intake for Fiscal 2024 and Record Order Backlog to Start Fiscal 2025
Ottawa, Ontario--(Newsfile Corp. - July 16, 2024) - Thermal Energy International Inc. (TSXV: TMG) (OTCQB: TMGEF) ("Thermal Energy" or the "Company"), a provider of innovative energy efficiency and carbon emission reduction solutions to major corporations around the world, today announced that it achieved record order intake1 for its fiscal year ended May 31, 2024. During the 12-month period, the Company received orders totalling $29.7 million, representing increases of 9% year-over-year and 151% over the past two years. Additionally, order backlog2 at the end...
2024-07-16 7:00 AM EDT