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$910,000 Heat Recovery Order is Thermal Energy's Third Significant Hospital Order in Past Month
(via Thenewswire.ca) OTTAWA, ONTARIO / TheNewswire / November 23, 2015 - Thermal ...
About this update from Thermal Energy International Inc.
[{"type":"text","content":"$910,000 Heat Recovery Order is Thermal Energy's Third Significant Hospital Order in Past Month(via Thenewswire.ca)\n \n \nOTTAWA, ONTARIO / TheNewswire / November 23, 2015 - Thermal Energy International Inc. (\"Thermal Energy\" or the \"Company\") (TSXV: TMG), a global provider of proprietary energy efficiency solutions to the industrial, commercial and institutional sectors world-wide, today announced that it has received an order valued at approximately $910 thousand from a major hospital group for the installation of one of the Company's proprietary FLU-ACE(R) heat recovery systems. The order is expected to be fulfilled and revenue earned over the next six months. \n\n \n \n\"We have a proven track record of helping hospitals save money by reducing their fuel bills while also lowering their greenhouse gas emissions,\" said William Crossland, CEO of Thermal Energy. \"This is our third significant hospital order in the past month, for a combined total of $3.4 million. For this particular hospital, we were able to help them obtain attractive utility incentive funding, which will improve their return on investment. This hospital is significant to us as it is part of a larger healthcare organization that includes a number of hospitals and healthcare facilities. As such, it fits in well with our strategy of pursuing larger, multi-site customers that we can cross-sell to and develop into corporate accounts.\" \n\n \n \nThe FLU-ACE(R) heat recovery system to be installed at this site is expected to provide the hospital a 4.4 year payback of its investment, with continued savings throughout the unit's more than 20 year operational life expectancy. \n\n \n \nFor more information on how Thermal Energy has reduced the energy costs and greenhouse gas emissions for hospitals, including several case studies, please visit the Company's website at www.thermalenergy.com/hospitals. \n\n \n \nAbout Thermal Energy International Inc.\n\n\n\n \nThermal Energy International Inc. is an established global supplier of proprietary, proven energy efficiency and emissions reduction solutions to the industrial and institutional sectors worldwide. We save our customers money and improve their bottom line by reducing their fuel use and cutting their carbon emissions. Our customers include a large number of Fortune 500 and other leading multinational compani...