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Featured Company: Thermal Energy International (TSXV: TMG)

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Thermal Energy International, a global provider of proprietary solutions to reduce fuel use and cut carbon emissions, thereby saving their customers money and improving their bottom lines

Additional Information:

Company: Thermal Energy International
Website: http://www.thermalenergy.com
Stock Symbol: TSXV: TMG
Date Published: Jul 24, 2016
Transcript: Available

Video Transcript:

I’m Tia Borden for Investmentpitch Media

Thermal Energy International, a global provider of proprietary solutions to reduce fuel use and cut carbon emissions, thereby saving their customers money and improving their bottom lines

Their customers include a large number of Fortune 500 and other leading multinational companies across a wide range of industries.

The company has helped more than 110 hospitals cut their energy bills and their carbon emissions, and just announced a follow-up order for $840,000 from a multi-site hospital group for a heat recovery extension project.

The project includes designing, manufacturing, and installing a series of hot water extensions to connect all four boiler plants at one of the customer’s three hospitals, to an existing heat recovery system previous installed by Thermal Energy.

The project is expected to reduce the hospital’s carbon emissions by approximately 836 tonnes per year and to provide an estimated $211,000 in additional annual savings, resulting in a payback period of less than four years.

Bill Crossland, President and CEO stated: “This Project is another great example of repeat business from a satisfied customer and of the flexibility afforded by our heat recovery technology. This customer operates three hospitals and we have previously installed our heat recovery systems at all three, as well as converting two of them over to our GEM steam traps. For this Project we are connecting all four of the plant rooms at one of the hospitals to a heat recovery system we installed last year. The extension will help safeguard the hospital by providing redundancy, as this hospital will be able to run with just one plant room online instead of requiring all four, evidence of the significant efficiency improvements the hospital has made with Thermal Energy's assistance."

In April, the company released financials for the quarter ending February 2016, which showed revenues of $3.2 million, more than doubles the $1.4 million reported in the comparable quarter in 2015.

The company had net income of $418,000 for the quarter versus a loss of $658,000 in the comparable quarter in 2015.

The shares are trading at $0.035, and with 161 million shares outstanding, the company is capitalized at $5.6 million.

For more information, please visit the company’s website www.ThermalEnergy.com, contact Bill Crossland, President & CEO at 613-723-6776 or by email at bill.crossland@ThermalEnergy.com.

Investor relations is handled by Trevor Heisler at Heisler Communications, who can be contacted at 416-500-8061 or by email at trevor@HeislerCommunications.com.

I’m Tia Borden for Investmentpitch Media