Thermal Energy International Receives $1.7 million In Heat Recovery and GEM(tm) Orders from a Fortune 500 Food and Beverage C...
16 Settembre 2013 - 7:56PM
Access Wire
OTTAWA, ONTARIO - September 16th,
2013 - Thermal Energy
International Inc. (TSXV: TMG) ("Thermal Energy" or the "Company"),
a leading provider of custom energy efficiency and emission
reduction technologies to energy intensive industries and
institutions worldwide, today announced that it has received two
heat recovery system orders and one GEM(R) steam trap
system order from a Fortune 500 food and beverage company. The
three orders total, in aggregate, approximately $1.7 million and
represent the second, third and fourth orders from this customer.
Both the heat recovery and GEM(R) steam trap
systems are expected to be installed and revenue earned over the
next nine months.
On December
14, 2012 Thermal Energy announced it had received a $300,000 order
for a heat recovery system at the same Fortune 500 food and
beverage company and further that Thermal Energy was working on a
number of additional sites developing both
heat recovery systems and steam trap solutions for this Fortune 500
company. These orders are a result of the previously announced
development work for this client, and Thermal Energy continues to
develop additional heat recovery and GEM(R) steam trap
projects at multiple additional sites for this global food and
beverage customer. This company has revenues of approximately $50
billion and more than 200,000 employees.
"These
follow on orders are evidence of the strong performance of our
initial project with this customer and we are pleased to be working
closely with them to achieve their environmental sustainability
goals" commented William Crossland, President and CEO of Thermal
Energy. "Targeting large global companies
such as this one is a key part of our sales strategy to leverage
initial sales and trial activities across multiple customer
locations thereby shortening the sales cycle and increasing order
volume."
The heat
recovery and GEM(R)
steam trap projects announced today are
calculated by Thermal Energy to reduce the annual fuel consumption
at each site by between 10% and 14%, reduce carbon emissions by
approximately 4,000 tonnes annually (equivalent to removing 833
cars from the road) and recover approximately 4 million US gallons
of water annually. These projects, which have an expected life of
20 years, are projected by Thermal Energy to provide the customer
approximately $400,000 in annual savings from reduced fuel use
alone.
About Thermal Energy International
Inc.
Thermal Energy
International Inc. is an innovative cleantech company providing a
variety of proprietary and proven energy efficiency, emission
reduction, water efficiency, and bioenergy products and solutions
to the industrial, commercial and institutional markets worldwide.
Thermal Energy is also a fully accredited professional engineering
firm, and can offer advanced process and applications engineering
services. By providing a unique mix of proprietary products
together with process, energy, environmental, and financial
expertise Thermal Energy is able to deliver significant financial
and environmental benefits to its customers.
Thermal
Energy's products include; GEM(R) - Steam traps and condensate return systems,
FLU-ACE(R)
- Direct contact condensing heat
recovery, and Dry RexTM - Low temperature biomass drying systems. These award
winning products are effective in a wide variety of industries and
application and have an excellent track record of longevity, proven
reliability and performance providing significant energy savings,
reduced GHG emissions, improved water efficiency, lower maintenance
costs, improved product quality and increased production
efficiency.
Thermal Energy
International Inc. has offices in Ottawa, Canada as well as
Bristol, UK, United States, Italy and China. To find out more about
Thermal Energy International Inc. (TSX-V: TMG), visit our website
at http://www.thermalenergy.com.
For
more information, please contact:
William Crossland
President and CEO
Thermal Energy
International Inc.
613-723-6776
bill.crossland@thermalenergy.com
# # #
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 and the timing of revenues to be received by
the Company. Statements relating to the expected installation and
revenue recognition for projects, statements about the anticipated
effectiveness and lifespan of the Company's products and statements
about the expected environmental effects and cost savings
associated with the Company's products 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
product and activation of product 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. Additional heat recovery and
GEM(R) steam trap projects being developed by the Company may not
result in orders for the Company's products. Orders in the
Company's backlog as described above may not turn into revenue due
to many factors, some of which are outside of the Company's
control, including but not limited to the Company's ability to
deliver products on time and in accordance with specifications 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.
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.
Grafico Azioni Thermal Energy (TSXV:TMG)
Storico
Da Mag 2024 a Giu 2024
Grafico Azioni Thermal Energy (TSXV:TMG)
Storico
Da Giu 2023 a Giu 2024