Thermal Energy Announces its Largest Engineering Contract to Date - a $500,000 Contract from Another Leading Pharmaceutical Company
Ottawa, Ontario--(Newsfile Corp. - February 11, 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, has received a contract from one of the world's largest multinational pharmaceutical companies to provide detailed engineering services for a potential heat recovery project at one of the pharmaceutical company's sites. A
2025-02-11 7:01 AM EST
Thermal Energy Achieves Record Revenue in Second Quarter
Ottawa, Ontario--(Newsfile Corp. - January 28, 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 reported its financial results for the second quarter ended November 30, 2024. All figures are in Canadian dollars. Q2 2025 Highlights: (Compared to Q2 2024) Revenue increased 22% to a record $8.7 million EBITDAi of...
2025-01-28 7:01 AM EST
Thermal Energy International to Report Second Quarter 2025 Financial Results on January 28
Ottawa, Ontario--(Newsfile Corp. - January 15, 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, will release its fiscal 2025 second quarter financial results prior to market open on Tuesday, January 28, 2025. Management will host an earnings conference call and webcast to review the financial results at 8:30 a.m. ET...
2025-01-15 10:30 AM EST
Thermal Energy Announces $2.8 Million Turn-Key Project with a Leading Pharmaceutical Company
Ottawa, Ontario--(Newsfile Corp. - December 16, 2024) - 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 an order for a heat recovery and heat pump project valued at approximately $2.8 million from a leading multinational pharmaceutical company. All figures are shown in CAD. "We are thrilled to announce our...
2024-12-16 7:01 AM EST
Thermal Energy International Announces Grant of Stock Options
Ottawa, Ontario--(Newsfile Corp. - December 2, 2024) - Thermal Energy International Inc. (TSXV: TMG) (OTCQB: TMGEF) ("Thermal Energy" or the "Company"), a global provider of energy efficiency and emissions reduction solutions, has announced that it granted 1,392,000 options to purchase common shares of the Company to officers and directors of the Company on November 30, 2024 as part of an overall remuneration and incentive program. The stock options were granted pursuant to the terms of the...
2024-12-02 7:01 AM EST
Thermal Energy Subsidiary Receives Orders Totalling More Than $1,000,000
Ottawa, Ontario--(Newsfile Corp. - November 11, 2024) - 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, announced today that its subsidiary, Boilerroom Equipment Inc. ("BEI") received three orders totalling just over $1 million in the past three weeks. All figures are in Canadian dollars. "We're pleased to share news of...
2024-11-11 7:01 AM EST
Thermal Energy's First Quarter Results Highlighted by Record Revenue and Growing Profitability
Ottawa, Ontario--(Newsfile Corp. - October 30, 2024) - 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 reported its financial results for the first quarter ended August 31, 2024. All figures are in Canadian dollars. Q1 2025 Highlights: (Compared to Q1 2024) Revenue: $8.5 million (up 63%) EBITDAi: $0.6 million (up...
2024-10-30 7:01 AM EDT
Thermal Energy Receives $1.5 Million Heat Recovery Order from a Multinational Confectionery Company
Ottawa, Ontario--(Newsfile Corp. - October 28, 2024) - 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 an order for a heat recovery project valued at approximately $1.5 million from a multinational confectionary company. All figures are shown in CAD. Commenting on the order, William Crossland, CEO of Thermal...
2024-10-28 7:01 AM EDT
Thermal Energy International to Report First Quarter 2025 Financial Results on October 30
Ottawa, Ontario--(Newsfile Corp. - October 18, 2024) - 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, will release its fiscal 2025 first quarter financial results prior to market open on Wednesday, October 30, 2024. Management will host an earnings conference call and webcast to review the financial results at 8:30 a.m....
2024-10-18 10:30 AM EDT
Thermal Energy Receives $2.2 Million in Repeat Business from a Leading Pharmaceutical Company
Ottawa, Ontario--(Newsfile Corp. - September 23, 2024) - 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 an order for a heat recovery and heat pump project valued at approximately $2.2 million from a leading multinational pharmaceutical company. All figures are shown in CAD. "This is our second heat recovery...
2024-09-23 7:01 AM EDT
Thermal Energy International Reports Fourth Quarter and Fiscal 2024 Results
Ottawa, Ontario--(Newsfile Corp. - September 19, 2024) - 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 reported its financial results for the fourth quarter and year ended May 31, 2024. All figures are in Canadian dollars. Highlights: (Comparisons are on a year-over-year basis) Revenue: $25.9 million (up 23%) for...
2024-09-19 7:01 AM EDT
Thermal Energy International to Announce Fourth Quarter and Fiscal Year 2024 Financial Results on September 19, 2024
Ottawa, Ontario--(Newsfile Corp. - September 10, 2024) - 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, will release its fiscal 2024 fourth quarter and year-end financial results prior to market open on Thursday, September 19, 2024. Management will host an earnings conference call and webcast to review the financial...
2024-09-10 10:30 AM EDT
Thermal Energy International's CEO Provides Business Update
Ottawa, Ontario--(Newsfile Corp. - July 23, 2024) - 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 that its Chief Executive Officer, William Crossland, has published a letter to shareholders, which has been made available on the investors section of the Company's website at...
2024-07-23 7:01 AM EDT
Thermal Energy International Announces Record Order Intake for Fiscal 2024 and Record Order Backlog to Start Fiscal 2025
Ottawa, Ontario--(Newsfile Corp. - July 16, 2024) - 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 that it achieved record order intake1 for its fiscal year ended May 31, 2024. During the 12-month period, the Company received orders totalling $29.7 million, representing increases of 9% year-over-year and...
2024-07-16 7:00 AM EDT
Thermal Energy Announces $1.9 million Turn-key Heat Recovery Project for a Global Materials Company
Ottawa, Ontario--(Newsfile Corp. - May 6, 2024) - 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 announced a $1.9 million carbon reduction and energy efficiency solution for a global materials company. All figures are shown in CAD. As a market leader, this customer accepts its role in forging the industry's path to a...
2024-05-06 7:01 AM EDT
Thermal Energy International's Third Quarter Results Highlighted by Continued Revenue Growth and Strong Momentum
Ottawa, Ontario--(Newsfile Corp. - April 25, 2024) - 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 reported its financial results for the third quarter ended February 29, 2024. All figures are in Canadian dollars. Highlights: Revenue increased 8% to $6.1 million for the quarter and 42% to $18.4 million for the nine...
2024-04-25 7:01 AM EDT
Thermal Energy International to Announce Fiscal 2024 Third Quarter Financial Results on April 25, 2024
Ottawa, Ontario--(Newsfile Corp. - April 11, 2024) - 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, will release its fiscal 2024 third quarter financial results prior to market open on Thursday, April 25, 2024. Management will host an earnings conference call and webcast to review the financial results at 8:30 a.m. ET the...
2024-04-11 10:30 AM EDT
Thermal Energy International Reports 71% Revenue Growth and Improved Profitability in Second Quarter
Ottawa, Ontario--(Newsfile Corp. - January 25, 2024) - 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 reported its financial results for the second quarter ended November 30, 2023. All figures are in Canadian dollars. Highlights: Revenue: $7.1 million, a 71% increase from the same quarter last year Gross profit:...
2024-01-25 7:01 AM EST
Thermal Energy Receives First Order for Its New Hybrid Flu-Ace
Ottawa, Ontario--(Newsfile Corp. - January 17, 2024) - 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 purchase order valued at approximately $1 million for a Hybrid Flu-Ace from a privately owned meat processing plant in Europe. The turn-key project is expected to be completed and revenue earned within the...
2024-01-17 7:01 AM EST
Thermal Energy Subsidiary Receives Purchase Order for 8 Boiler Economizers
Ottawa, Ontario--(Newsfile Corp. - January 10, 2024) - 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 that its wholly owned subsidiary, Boilerroom Equipment, Inc. ("BEI"), has received a purchase order valued at approximately $540,000 from a Fortune 500 food processing and commodities trading company for...
2024-01-10 7:01 AM EST