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Thermal Energy Secures $1 Million Follow-on Order for Heat Recovery Project from Global Pharmaceutical Leader
Canadian cleantech firm to provide equipment for heat recovery project at one of the Fortune 500-listed customer's U.S. manufacturing facilities Ottawa, Ontario--(Newsfile Corp. - June 26, 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, today announced a custom equipment order valued at just over $1 million from one o
About this update from Thermal Energy International Inc.
[{"type":"text","content":"Canadian cleantech firm to provide equipment for heat recovery project at one of the Fortune 500-listed customer's U.S. manufacturing facilities","length":148,"tagName":"p","attribs":{"class":"nfSubHeading"},"className":""},{"type":"text","content":"Ottawa, Ontario--(Newsfile Corp. - June 26, 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, today announced a custom equipment order valued at just over $1 million from one of the world's largest pharmaceutical companies. This order stems from a Project Development Agreement, which led to Thermal Energy's largest engineering contract to date, announced on February 11, 2025. The equipment ordered includes the Company's proprietary FLU-ACE® Heat Recovery System. All figures are shown in CAD.","length":707,"tagName":"p"},{"type":"text","content":""We are proud to continue our partnership with this global pharmaceutical leader and further support their sustainability initiatives through our proven heat recovery technology," said William Crossland, CEO of Thermal Energy International. "As we disclosed back in February, this customer prefers to approve this project in stages. Having already completed the $500,000 in detailed engineering for this project, we are pleased to receive this follow-on order of $1 million for equipment, bringing our total order value to date to approximately $1.5 million for this project. This latest order is also a testament to the strength of our engineering expertise and the reputation our proven technologies have for driving energy efficiency gains and reducing carbon emissions. Our solutions align well with this customer's significant carbon emission reduction targets and commitment to the United Nation's Race to Zero campaign. We look forward to fostering a strong relationship with this customer, which has several manufacturing sites around the world that have the potential to benefit from our technologies."","length":1139,"tagName":"p"},{"type":"text","content":"The proprietary equipment ordered, is part of a multi-stage heat recovery project that, when completed, is expected to reduce the site's natural gas usag...