Press release from TheNewswire.ca
Thermal Energy International Receives $800,000 In Heat Recovery and GEM® Orders from Major Hospital
Thursday, June 13, 2013
Thermal Energy International Receives $800,000 In Heat Recovery and GEMÂ® Orders from Major Hospital06:58 EDT Thursday, June 13, 2013
OTTAWA, ONTARIO - June 13, 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 new heat recovery system and GEM(R) steam trap system orders totalling approximately $800,000 from a major publicly owned hospital. The heat recovery and GEM(R) steam trap systems are expected to be installed and revenue earned over the next six months.
"The ability to cross-sell our separate system offerings to the same facility demonstrates the suitability of our energy efficiency and emission reduction technologies in many of the same industrial settings," said William Crossland, President and CEO of Thermal Energy. "Our sales and distribution networks are focused on expanding within our key markets and advancing our sales strategy by capitalizing on corporate accounts and cross-selling opportunities, such as this."
The heat recovery and GEM(R) steam trap systems to be installed at the hospital are calculated by Thermal Energy to reduce the hospital's annual fuel consumption by 29% and reduce the hospital's total carbon emissions by approximately 10%.
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:
President and CEO
Thermal Energy International Inc.
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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. 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. The Company disclaims any obligation to publicly update or revise any such statements.
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