Business
Thermal Energy Announces $930 Thousand in Repeat Business from Multinational Consumer Goods Company
Existing customer to increase conversion of steam traps to GEM traps at one of its European sites Ottawa, Ontario--(Newsfile Corp. - May 14, 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 a $930 thousand GEM order from a multinational consumer products company for one of its European sites. ...
About this update from Thermal Energy International Inc.
[{"type":"text","content":"Existing customer to increase conversion of steam traps to GEM traps at one of its European sites","length":97,"tagName":"p","attribs":{"class":"nfSubHeading"},"className":""},{"type":"text","content":"Ottawa, Ontario--(Newsfile Corp. - May 14, 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 a $930 thousand GEM order from a multinational consumer products company for one of its European sites. All figures are shown in CAD.","length":439,"tagName":"p"},{"type":"text","content":""Based on realized fuel savings and the carbon emissions reductions delivered to date by our GEM steam traps at this site and a number of the customer's other sites, the customer decided to convert more of this facility over to GEM," said William Crossland, CEO of Thermal Energy International. "Extensive testing done across this customer's facilities indicate fuel savings from the GEM traps of approximately 10%. As a result, this customer sees our GEM steam traps as an important component of their broader efforts to optimise energy use and since 2022 we have delivered more than $4 million worth of GEM projects with this customer, across nine of their production sites around the world. We look forward to continuing to expand our relationship with this customer and we see additional opportunities at a number of their other production locations around the world."","length":900,"tagName":"p"},{"type":"text","content":"The revenue from this order is expected to be earned within six months.","length":71,"tagName":"p"},{"type":"text","content":"Readers are encouraged to subscribe to TEI News to receive strategic news and updates directly to their inbox.","length":110,"tagName":"p"},{"type":"text","content":"ENDS","length":4,"tagName":"p","attribs":{}},{"type":"table","headerItems":[],"items":[{"val":[{"style":"width:50%;vertical-align:top;","val":[{"type":"text","content":"For media enquiries contact:Thermal Energy International Inc.Canada: 613-723-6776UK: +44 (0)117 917 [email protected]","length":135,"tagName":"p","attribs":{}}]},{"style":"width:50%;vertical-align:top;","val":[{"type":"text","content":"For in...