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Fortune 500 Food & Beverage Leader Orders More GEM Steam Traps from Thermal Energy International
(via Thenewswire.ca) OTTAWA, ONTARIO / TheNewswire / July 27, 2015 - Thermal Ener...
About this update from Thermal Energy International Inc.
[{"type":"text","content":"Fortune 500 Food & Beverage Leader Orders More GEM Steam Traps from Thermal Energy International(via Thenewswire.ca)\n \n \nOTTAWA, ONTARIO / TheNewswire / July 27, 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, has received another purchase order for its GEM steam traps from a world-leading food and beverage company. The purchase order is valued at approximately $128 thousand. \n\n \n \n\"Our business with this global company continues to develop and grow,\" said William Crossland, CEO of Thermal Energy. \"This is our second time selling GEM traps to this particular site, which will still not be fully converted to our traps with this order. In total, nine of this customer's sites have been partially converted to our venturi orifice steam traps. In addition, we have sold our heat recovery systems to five of this customer's sites to date. Further potential remains at each of the sites we have already sold to, as well as the numerous sites around the world that we have yet to penetrate.\"\n\n \n \nVenturi orifice-designed GEM steam traps are ideal for the food and beverage industry. With their 100% stainless steel construction, no moving parts, and a ten-year \"no fail\" performance warranty, GEM steam traps offer increased reliability and less maintenance costs compared to conventional mechanical traps.\n\n \n \nOn an annual basis, the GEM steam traps from this most recent order are expected to further reduce the customer's operating costs by approximately $94 thousand, and lower greenhouse gas emissions by more than 535 tonnes, compared to the existing steam traps on site from another manufacturer.\n\n\n \nWith this order Thermal Energy's order backlog currently stands at approximately $7.0 million of which approximately $0.5 million is related to long-term contracts and is not expected to be reflected in revenue within the next 12 months. Thermal Energy includes in \"order backlog\" all purchase orders received for product or services that have not yet been reflected as revenue in the Company's published financial statements. \n\n\n \nAbout Thermal Energy International Inc.\n\n\n\n \nThermal Energy International Inc. is an established global supplier of p...