Welcome to our dedicated page for Thermal Energy news (Ticker: TMGEF), a resource for investors and traders seeking the latest updates and insights on Thermal Energy stock.
Thermal Energy (TMGEF) delivers innovative energy efficiency solutions and carbon reduction technologies for industrial clients worldwide. This page provides investors and stakeholders with direct access to the company's official news updates and press releases.
Track critical developments including quarterly earnings reports, strategic partnerships, technology innovations, and sustainability milestones. Our curated collection ensures timely access to information that impacts operational performance and environmental impact reduction initiatives.
Discover updates on Thermal Energy's proprietary heat recovery systems, global project deployments, and industry recognition. All content piece is sourced directly from company communications to maintain accuracy and compliance with financial disclosure standards.
Bookmark this page for streamlined monitoring of TMGEF's progress in advancing energy optimization solutions while maintaining its position as a leader in sustainable engineering practices.
Thermal Energy International (TSXV: TMG) (OTCQB: TMGEF) has announced record order intake for its fiscal year ended May 31, 2024, totaling $29.7 million. This represents a 9% increase year-over-year and a 151% increase over the past two years. The company's order backlog at the end of May was up approximately 40% compared to last year and over 200% higher than two years ago.
CEO William Crossland highlighted record order intakes for turn-key heat recovery solutions and the Boilerroom Equipment, Inc. subsidiary, as well as the second-highest annual order intake for the GEM business. These achievements reflect strong demand for Thermal Energy's efficiency and emission reduction solutions, demonstrating customer trust in their technology and expertise.
Thermal Energy International Inc. announced a $1.9 million turn-key heat recovery project for a global materials company to help achieve carbon emission reduction targets. The project is expected to save the customer over $980,000 annually, reduce CO2 emissions by 977 tonnes per year, and improve pollution prevention and control. The customer's engagement with the Science Based Targets initiative demonstrates a commitment to a low-carbon economy. The project is the result of a collaborative effort between the customer and Thermal Energy, showcasing trust in the technology and engineering capabilities of Thermal Energy. The project is set to be completed within nine months.
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