Business
Thermal Energy International listed as one of Canada's Top Growing Companies in new ranking from The Globe and Mail
(via TheNewswire) OTTAWA, ONTARIO - TheNewswire - October 8 2019 - Thermal Energy Interna...
About this update from Thermal Energy International Inc.
[{"type":"text","content":"Thermal Energy International listed as one of Canada's Top Growing Companies in new ranking from The Globe and Mail(via TheNewswire)\n \n \nOTTAWA, ONTARIO - TheNewswire - October 8 2019 - Thermal Energy International Inc. (\"Thermal Energy\" or the \"Company\") (TSXV:TMG), is pleased to announce it has been named one of Canada's Top Growing Companies, in the Globe and Mail, Report on Business's inaugural ranking of Canadian companies based on three-year revenue growth.\n\n\n \nThe clean tech company and global provider of energy efficiency and emissions reduction solutions, earned its spot with three-year, 2015 to 2018, growth of 156%. Since then Thermal Energy has, just recently, announced its fiscal 2019 financial results indicating further strong growth such that revenue has now more than tripled since 2015, equivalent to a compound annual growth rate of 33%. And to kick off fiscal 2020 the Company announced an order backlog 41% higher than fiscal 2019. \n\n\n \n\"We are delighted to have been placed on the list of Canada's Top Growing Companies and to be recognised for our success as a growing, innovative business.\" Said William Crossland, CEO of Thermal Energy. \n\n\n \n\"Our proven, proprietary energy efficiency solutions have helped hundreds of leading multinational companies around the world save money, reduce fuel use and minimise their emissions, and our strong growth is a testament to our ability to deliver unique turnkey energy efficiency and emission reduction projects with strong ROIs and short compelling paybacks for our customers. Our energy saving products installed around the world are currently delivering for our customers an estimated $75 million in annual energy savings and 600,000 tonnes of annual carbon emission reductions.\"\n\n\n \n\"Being listed as one of Canada's Top Growing Companies is further validation that, as businesses worldwide look to operate more sustainably and cost-effectively, our best in class solutions represent a compelling opportunity for both the end user as well as those looking to invest in this growing and increasingly relevant market.\"\n\n\n \nLaunched in 2019, the Canada's Top Growing Companies ranking program aims to celebrate entrepreneurial achievement in Canada by identifying and amplifying the success of growth-minded, businesses in Canada. It is a voluntary program; comp...