Thermal Energy Announces $1.9 million Turn-key Heat Recovery Project for a Global Materials Company
Ottawa, Ontario--(Newsfile Corp. - May 6, 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 announced a $1.9 million carbon reduction and energy efficiency solution for a global materials company. All figures are shown in CAD. As a market leader, this customer accepts its role in forging the industry's path to a...
2024-05-06 7:01 AM EDT
Thermal Energy International's Third Quarter Results Highlighted by Continued Revenue Growth and Strong Momentum
Ottawa, Ontario--(Newsfile Corp. - April 25, 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 third quarter ended February 29, 2024. All figures are in Canadian dollars. Highlights: Revenue increased 8% to $6.1 million for the quarter and 42% to $18.4 million for the nine...
2024-04-25 7:01 AM EDT
Thermal Energy International to Announce Fiscal 2024 Third Quarter Financial Results on April 25, 2024
Ottawa, Ontario--(Newsfile Corp. - April 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, will release its fiscal 2024 third quarter financial results prior to market open on Thursday, April 25, 2024. Management will host an earnings conference call and webcast to review the financial results at 8:30 a.m. ET the...
2024-04-11 10:30 AM EDT
Thermal Energy International Reports 71% Revenue Growth and Improved Profitability in Second Quarter
Ottawa, Ontario--(Newsfile Corp. - January 25, 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 second quarter ended November 30, 2023. All figures are in Canadian dollars. Highlights: Revenue: $7.1 million, a 71% increase from the same quarter last year Gross profit:...
2024-01-25 7:01 AM EST
Thermal Energy Receives First Order for Its New Hybrid Flu-Ace
Ottawa, Ontario--(Newsfile Corp. - January 17, 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 a purchase order valued at approximately $1 million for a Hybrid Flu-Ace from a privately owned meat processing plant in Europe. The turn-key project is expected to be completed and revenue earned within the...
2024-01-17 7:01 AM EST
Thermal Energy Subsidiary Receives Purchase Order for 8 Boiler Economizers
Ottawa, Ontario--(Newsfile Corp. - January 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, today announced that its wholly owned subsidiary, Boilerroom Equipment, Inc. ("BEI"), has received a purchase order valued at approximately $540,000 from a Fortune 500 food processing and commodities trading company for...
2024-01-10 7:01 AM EST
Thermal Energy Featured on Planet MicroCap
Ottawa, Ontario--(Newsfile Corp. - December 14, 2023) - 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, was featured on the Planet MicroCap podcast series. Planet MicroCap host, Robert Kraft, and Thermal Energy's CEO, William Crossland, discussed the Company's business model as well as the Company's post-pandemic...
2023-12-14 10:30 AM EST
Thermal Energy Receives $3.7 Million Heat Recovery Order from One of Europe's Largest Food and Drink Producers
Ottawa, Ontario--(Newsfile Corp. - December 7, 2023) - 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 $3.7 million turn-key heat recovery order from a multinational branded and private label food and drink producer. All figures are shown in CAD. "Our latest heat recovery technology is expected to help this...
2023-12-07 7:01 AM EST
Thermal Energy International Announces Grant of Stock Options
Ottawa, Ontario--(Newsfile Corp. - November 30, 2023) - 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 has granted 1,760,000 options to purchase common shares of the Company to officers and directors of the Company as part of an overall remuneration and incentive program. The stock options were granted pursuant to the terms of the Company's stock...
2023-11-30 7:52 PM EST
Thermal Energy to Relocate UK Operations to Meet Growing Demand for GEM Steam Trap Product
Ottawa, Ontario--(Newsfile Corp. - November 13, 2023) - 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, is excited to announce the relocation of its UK operations to a larger industrial unit on the outskirts of Bristol. The move comes as a strategic response to the remarkable growth in demand for the Company's proprietary...
2023-11-13 7:01 AM EST
Thermal Energy International Reports Strong, Profitable Growth in First Quarter
Ottawa, Ontario--(Newsfile Corp. - October 25, 2023) - 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, 2023. All figures are in Canadian dollars. Highlights: Revenue: $5.2 million, a 66% increase from the same quarter last year Gross profit: $2.8...
2023-10-25 7:01 AM EDT
Thermal Energy Announces $2.6 Million Heat Recovery Order from Multinational Dairy and Nutrition Company
Ottawa, Ontario--(Newsfile Corp. - October 17, 2023) - 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, this morning received a $2.6 million turn-key heat recovery order from a multinational dairy and nutrition company. All figures are shown in CAD. "We are thrilled to partner with this leading dairy producer to maximize...
2023-10-17 9:55 AM EDT
Thermal Energy Receives $1.9 Million in Repeat Business from Global Nutrition Company
Ottawa, Ontario--(Newsfile Corp. - October 10, 2023) - 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 $1.9 million turn-key heat recovery order from a global nutrition company. All figures are shown in CAD. "One of the reasons we target large multinational companies is their potential for significant repeat...
2023-10-10 7:01 AM EDT
Thermal Energy International Announces Letter to Shareholders from Chief Executive Officer
Ottawa, Ontario--(Newsfile Corp. - October 3, 2023) - 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 made available on its website a letter to shareholders from the Company's Chief Executive Officer, William Crossland. In the letter, William Crossland provides his commentary on Thermal Energy's fiscal 2023 fourth...
2023-10-03 7:01 AM EDT
Thermal Energy International's Fourth Quarter Revenue Growth of 84% Caps Banner Year
Ottawa, Ontario--(Newsfile Corp. - September 27, 2023) - 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, 2023. All figures are in Canadian dollars. Highlights: Revenue: $21.1 million for the year and $8.2 million for the quarter, a 84%...
2023-09-27 7:00 AM EDT
Thermal Energy Receives $4 Million Turn-Key Heat Recovery Order from Big Pharma Under New Global Master Services Agreement
Ottawa, Ontario--(Newsfile Corp. - September 13, 2023) - 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 Turn-key Heat Recovery Project valued at approximately $4 million from a leading multinational pharmaceutical company. All figures are shown in CAD. "This is our largest heat recovery order...
2023-09-13 7:01 AM EDT
Thermal Energy International Achieved Record Order Intake in Fiscal Year Ended May 31, 2023
Ottawa, Ontario--(Newsfile Corp. - July 11, 2023) - 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, is pleased to announce record order intake1 for its fiscal year ended May 31, 2023. The Company received orders totalling $27.3 million during the twelve-month period, which was up 133% year-over-year. "The past year has...
2023-07-11 7:05 AM EDT
Thermal Energy Receives $1.8 Million Multisite GEM Conversion Order from Multinational Consumer Goods Company
Ottawa, Ontario--(Newsfile Corp. - May 16, 2023) - 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 $1.8 million multisite GEMTM project order from a multinational consumer goods company. All figures are shown in CAD. "This customer is rolling out GEM steam traps to sites across three continents after...
2023-05-16 7:00 AM EDT
Thermal Energy to Deliver Fifth Turn-Key Project for Global Nutrition Company
Ottawa, Ontario--(Newsfile Corp. - May 9, 2023) - 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 been commissioned by a global nutrition company to deliver a fifth Turn-key energy efficiency and carbon emission reduction solution. All figures are shown in CAD. This order valued at approximately $1.1 million succeeds...
2023-05-09 7:00 AM EDT
Thermal Energy to Present at TSX Clean Technology Investor Day on May 17
Ottawa, Ontario--(Newsfile Corp. - May 8, 2023) - Thermal Energy International Inc. (TSXV: TMG) (OTCQB: TMGEF) ("Thermal Energy"or the "Company"), an innovative cleantech company and global provider of proprietary energy and carbon emissions reduction solutions to some of the world's largest corporations, today announced that the Company will participate in the 2023 TSX Cleantech Investor Day in Toronto, Ontario on Wednesday, May 17, 2023. President & CEO, William Crossland, will present an...
2023-05-08 7:00 AM EDT