Business
Thermal Energy International Provides Half-Year Business Update
Ottawa, Ontario--(Newsfile Corp. - February 7, 2023) - Thermal Energy International Inc. (TSXV: T...
About this update from Thermal Energy International Inc.
[{"type":"text","content":"Thermal Energy International Provides Half-Year Business UpdateOttawa, Ontario--(Newsfile Corp. - February 7, 2023) - 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 shared a business update on investors-thermalenergy.com.In this business update CEO William Crossland provides updates on notable activities, orders, the market, and TEI's competitive position, including:Last Twelve Months (\"LTM\") Total Order Intake has bounced back and now exceeds pre-pandemic highs Custom Equipment orders continue to break records, with a growth of over 300% when comparing Q2 YTD over the past 5 years The number of paid Turn-key Project Development Agreements (PDA) signed, a significant step in the sales and engineering cycle of our large Turn-key Projects, is at the highest level in the Company's history Turn-key Project order intake is now back contributing as expected to record total order intake figuresNotable developments in the team, including the placement of a Vice President of Sales for North AmericaThis business update is available on the company's website here.Readers are encouraged to subscribe to TEI News to receive strategic news and updates directly to their inbox.ENDSFor media enquiries contact:Thermal Energy International Inc.Canada: [email protected] For investor enquiries:Thermal Energy International [email protected] Notes to editorsAbout Thermal Energy International Inc.Thermal Energy International Inc., ranked as one of Canada's Top Growing Companies in 2021, 2020 and 2019, is an established global supplier of proprietary, proven energy efficiency and emissions reduction solutions to the industrial and institutional sectors. We save our customers money and improve their bottom line by reducing their fuel use and cutting their carbon emissions. Our customers include many Fortune 500 and other leading multinational companies across a wide range of industry sectors.Thermal Energy is a fully accredited professional engineering firm, and by providing a unique mix of proprietary products together with process, energy, and environmental engineering expertise, we can deliver unique turn-key energy and carbo...