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Thermal Energy Receives $1.8 Million Multisite GEM Conversion Order from Multinational Consumer Goods Company
Ottawa, Ontario--(Newsfile Corp. - May 16, 2023) - Thermal Energy International Inc. (TSXV: TMG) ...
About this update from Thermal Energy International Inc.
[{"type":"text","content":"Thermal Energy Receives $1.8 Million Multisite GEM Conversion Order from Multinational Consumer Goods CompanyOttawa, Ontario--(Newsfile Corp. - May 16, 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 received a $1.8 million multisite GEMTM project order from a multinational consumer goods company. All figures are shown in CAD. \"This customer is rolling out GEM steam traps to sites across three continents after conducting their own savings and ROI, which is a clear indication of how much our customers trust that ours are the most efficient and reliable steam traps on the market,\" said William Crossland, Thermal Energy CEO.With a clear integration of sustainability into its entire operation, this customer chose Thermal Energy's GEM steam traps for their reliability, efficiency, productivity, and excellent return on investment. This order covers a combination of partial and full site GEM conversions for five of its sites across Europe, North America, and South America.The project is expected to be completed and revenue earned within nine months.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: 613-723-6776UK: +44 (0)117 917 [email protected] investor enquiries:William CrosslandPresident and CEOThermal Energy International [email protected] Notes to editorsAbout Thermal Energy International Inc.Thermal Energy International Inc. provides energy efficiency and emissions reduction solutions to Fortune 500 and other large multinational companies. We save our customers money by reducing their fuel use and cutting their carbon emissions. Thermal Energy's proprietary and proven solutions can recover up to 80% of energy lost in typical boiler plant and steam system operations while delivering a high return on investment with a short, compelling payback. Thermal Energy is a fully accredited professional engineering firm with engineering offices in Ottawa, Canada, Pittsburgh, USA, as well as Bristol, UK, with sales offices in Canada, UK, USA, Germany, Poland, and Italy. By prov...