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Thermal Energy International Featured in Video by Investmentpitch Media - Video Available on Investmentpitch.com
Vancouver, British Columbia--(Newsfile Corp. - July 28, 2016) - Thermal Energy International (...
About this update from Thermal Energy International Inc.
[{"type":"text","content":"Thermal Energy International Featured in Video by Investmentpitch Media - Video Available on Investmentpitch.comVancouver, British Columbia--(Newsfile Corp. - July 28, 2016) - Thermal Energy International (TSXV: TMG) featured in video by Investmentpitch Media. Thermal Energy is 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.Cannot view this video? Visit:https://www.youtube.com/watch?v=y7CTTN7mpDoInvestmentPitch.com has produced a \"video\" which discusses this company. If this link is not enabled, please visit www.InvestmentPitch.com and enter \"Thermal Energy\" in the search box.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 previously 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 ...