Business
Thermal Energy Announces $1.5 Million in Repeat Business from Global Nutrition Company
Orders received for seventh and eight turnkey projects with this customerOttawa, Ontario--(Newsfile Corp. - November 5, 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 orders for two turnkey heat recovery projects worth a combined total of $1.5 million from a global nutrition company. All figures are...
About this update from Thermal Energy International Inc.
[{"type":"text","content":"Orders received for seventh and eight turnkey projects with this customer","length":73,"tagName":"p","attribs":{"class":"nfSubHeading"},"className":""},{"type":"text","content":"Ottawa, Ontario--(Newsfile Corp. - November 5, 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 orders for two turnkey heat recovery projects worth a combined total of $1.5 million from a global nutrition company. All figures are shown in CAD.","length":471,"tagName":"p"},{"type":"text","content":""We received a series of orders from an existing customer for two distinct turnkey heat recovery projects at a single U.S. site," said William Crossland, Thermal Energy CEO. "Including these latest turnkey projects, we've done approximately $13.6 million of business with this multinational company since 2019. In addition to the now eight turnkey heat recovery projects at six different sites, this amount includes many smaller orders for GEM, HeatSponge, and other products and services at a total of 27 of this customer's sites across nine countries in North America, Europe, and Asia. Moreover, we continue to see significant growth potential with this customer. In addition to the substantial potential for further energy efficiency and carbon reduction initiatives at locations we have so far only partially penetrated, this customer has many other sites around the world that could benefit from our solutions."","length":945,"tagName":"p"},{"type":"text","content":"The two turnkey projects are expected to be completed and revenue earned within 12 months. The Company expects the gross margin for the projects to be in line with historical amounts for its turnkey projects. Thermal Energy's overall gross margins are available in its quarterly disclosure materials.","length":304,"tagName":"p"},{"type":"image","alt":"","displaySize":"","headline":null,"caption":"","className":"","disableSlideshowImg":false,"size":{"original":{"width":550,"height":309,"url":"https://media.zenfs.com/en/newsfile_64/e8519b02761fbff4c534c4fe3a44b1e8"},"resized":{"url":"https://s.yimg.com/ny/api/res/1.2/kJIgwCr8s8Q4z1YAS1Qwkw--/YXBwaWQ9aGlna...