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OTTAWA, ONTARIO – TheNewswire - January 9, 2023 – Thermal Energy International Inc. (“ Thermal Energy ” or the “Company”) (TSXV: TMG ) , ( OTC: TMGEF ), a provider of innovative energy efficiency and carbon emission reduction solutions to major corporations around the world, today announced that Ken Harden has been appointed Vice President of Sales for North America, effective January 2, 2023.
Mr. Harden has over twenty years of executive sales, marketing, business development, and strategic planning leadership in technology and industrial services. Many of these years were focused on selling carbon reduction and energy solutions, including complex, multi-faceted, multi-million-dollar, energy services agreements incorporating onsite power production programs for buildings, solar, cogeneration and waste to energy as well as water and wastewater systems.
W ith extensive experience leading direct sales teams and indirect sales networks (independent reps, distributors, and resellers), a t both large multinationals and small energy technology start-ups, Mr. Harden has led teams from 3 to 125 people and delivered annual revenues of up to $500 million.
Mr. Harden will assume responsibility for all Thermal Energy’s North American sales channels including our existing team of Area Sales Managers as well as the established network of distributors and manufacturers reps related to the acquired Boilerroom Equipment and Sofame Technology businesses.
“We sought an experienced sales management professional to replicate the success of our sales leadership in Europe, and we are delighted to welcome Ken Harden to the Thermal Energy team. As a proven positive agent of change, Ken brings a fresh perspective for Thermal Energy to truly capitalize on the unprecedented market demand,” said William Crossland, Thermal Energy CEO.
ENDS
For media enquiries contact:
Thermal Energy International Inc.
Canada: 613-723-6776
Marketing@thermalenergy.com
For media enquiries contact:
Thermal Energy International Inc.
Canada: 613-723-6776
Marketing@thermalenergy.com
For investor enquiries:
Thermal Energy International Inc.
613-723-6776
Investors@thermalenergy.com
Notes to editors
About 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 carbon emission reduction projects
with significant financial and environmental benefits for our
customers.
Thermal Energy's proprietary products include GEM™ - Steam Traps,
FLU-ACE® - Direct contact condensing heat recovery, HEATSPONGE –
Indirect contact condensing heat recovery systems, and DRY-REX™ -
Low-temperature biomass drying systems.
Thermal Energy has engineering offices in Ottawa, Canada, Pittsburgh,
USA, as well as Bristol, UK, with sales offices in Canada, UK, USA,
Germany, Poland, Italy, and China. TEI’s common shares are traded on
the TSX Venture Exchange (TSX-V) under the symbol TMG and on the
OTCQB® Venture Market (“OTCQB”) in the United States operated by
the OTC Markets Group Inc., under the symbol TMGEF.
For more information, visit our website at
www.thermalenergy.com
, our investor website at
investors-thermalenergy.com or follow us on Twitter
Cautionary Statements
This press release contains forward-looking statements relating to, and amongst other things, based on management’s expectations, estimates and projections, the anticipated effectiveness of the Company’s products and services, the timing of revenues to be received by the Company, the anticipated effects of COVID-19 on the business, backlog and revenue, and the expectation that orders in backlog will become revenue.
Information as to the amount of heat recovered, energy savings and
payback period associated with Thermal Energy International’s
products are based on the Company’s own testing and average customer
results to date. Statements relating to the expected installation and
revenue recognition for projects, statements about the anticipated
effectiveness and lifespan of the Company’s products, statements
about the expected environmental effects and cost savings associated
with the Company’s products and statements about the Company’s
ability to cross-sell its products and sell to more sites are
forward-looking statements. These statements are not guarantees of
future performance and involve a number of risks, uncertainties and
assumptions. Many factors, some of which are outside of the
Company’s control, could cause events and results to differ
materially from those stated. Fulfilment of orders, installation of
products and activation of products could all be delayed for a number
of reasons, some of which are outside of the Company’s control,
which would result in anticipated revenues from such projects being
delayed or in the most serious cases eliminated. Actions taken by the
Company’s customers and factors inherent in the customer’s
facilities but not anticipated by the Company can have a negative
impact on the expected effectiveness and lifespan of the Company’s
products and on the expected environmental effects and cost savings
expected from the Company’s products. Any customer’s willingness
to purchase additional products from the Company and whether orders in
the Company’s backlog as described above will turn into revenue is
dependent on many factors, some of which are outside of the
Company’s control, including but not limited to the customer’s
perceived needs and the continuing financial viability of the
customer. The Company disclaims any obligation to publicly update or
revise any such statements except as required by law. Readers are
referred to the risk factors associated with the Company’s business
as described in the Company’s most recent Management’s Discussion
and Analysis available at
www.SEDAR.com
.
Neither TSX Venture Exchange nor its
Regulation Services Provider (as that term is defined in the policies
of the TSX Venture Exchange) accepts responsibility for the adequacy
or accuracy of this release.
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