Thermal Energy Announces $1.5 Million in Repeat Business from Global Nutrition Company
Thermal Energy (OTCQB: TMGEF) received repeat orders totaling CAD $1.5 million for two turnkey heat recovery projects from a global nutrition company, marking the seventh and eighth turnkey projects for that customer.
The projects are for a single U.S. site, are expected to be completed and recognized as revenue within 12 months, and the company expects gross margins to be in line with historical turnkey project margins. Thermal Energy reports it has done approximately CAD $13.6 million of business with this customer since 2019 across 27 sites in nine countries.
Thermal Energy (OTCQB: TMGEF) ha ricevuto ordini ripetuti per un totale di CAD $1.5 milioni per due progetti turnkey di recupero del calore da una società globale nel settore della nutrizione, segnando il settimo e l'ottavo progetto turnkey per quel cliente.
I progetti riguardano un unico sito negli Stati Uniti, ci si aspetta che siano completati e riconosciuti come ricavi entro 12 mesi, e l'azienda si aspetta che i margini lordi siano in linea con i margini storici dei progetti turnkey. Thermal Energy riferisce di aver effettuato circa CAD $13.6 milioni di affari con questo cliente dal 2019 in 27 siti in nove paesi.
Thermal Energy (OTCQB: TMGEF) recibió pedidos repetidos por un total de CAD $1.5 millones para dos proyectos turnkey de recuperación de calor de una empresa global de nutrición, lo que marca el séptimo y octavo proyecto turnkey para ese cliente.
Los proyectos son para un único sitio en EE. UU., se espera que se completen y se reconozcan como ingresos dentro de 12 meses, y la empresa espera que los márgenes brutos estén en línea con los márgenes históricos de los proyectos turnkey. Thermal Energy informa que ha realizado aproximadamente CAD $13.6 millones de negocio con este cliente desde 2019 en 27 sitios en nueve países.
Thermal Energy (OTCQB: TMGEF) 는 글로벌 영양 회사로부터 두 건의 턴키 열 회수 프로젝트에 대해 총 CAD $1.5 백만의 반복 주문을 받았으며, 이는 해당 고객의 일곱 번째 및 여덟 번째 턴키 프로젝트가 됩니다.
이 프로젝트들은 미국의 단일 현장을 대상으로 하며, 12개월 이내에 완료되어 매출로 인식될 것으로 예상되며, 회사는 총이익률이 과거의 턴키 프로젝트 마진과 일치할 것으로 기대합니다. Thermal Energy는 2019년 이후 이 고객과 27개 현장에서 9개국에 걸쳐 약 CAD $13.6 백만의 거래를 수행했다고 보고합니다.
Thermal Energy (OTCQB: TMGEF) a reçu des commandes répétées d'un montant total de CAD $1.5 millions pour deux projets turnkey de récupération de chaleur auprès d'une société mondiale de nutrition, marquant le septième et le huitième projet turnkey pour ce client.
Les projets concernent un seul site aux États-Unis, ils devraient être terminés et comptabilisés comme revenus dans 12 mois, et l'entreprise prévoit que les marges brutes seront en ligne avec les marges historiques des projets turnkey. Thermal Energy indique avoir réalisé environ CAD $13.6 millions d'affaires avec ce client depuis 2019 sur 27 sites dans neuf pays.
Thermal Energy (OTCQB: TMGEF) hat Folgeaufträge in Höhe von CAD $1.5 Millionen für zwei turnkey-Wärmerückgewinnungsprojekte von einem globalen Ernährungsunternehmen erhalten, was das siebte und achte turnkey-Projekt für diesen Kunden markiert.
Die Projekte betreffen einen einzigen Standort in den USA, sie sollten innerhalb von 12 Monaten abgeschlossen und als Umsatz anerkannt werden, und das Unternehmen erwartet, dass die Bruttomargen mit den historischen Margen der turnkey-Projekte übereinstimmen. Thermal Energy meldet, dass es seit 2019 ca. CAD $13.6 Millionen Geschäft mit diesem Kunden über 27 Standorte in neun Ländern getätigt hat.
Thermal Energy (OTCQB: TMGEF) تلقّت طلبات متكررة بإجمالي CAD $1.5 مليون لأُطر turnkey لمشروعين في استعادة الحرارة من شركة تغذية عالمية، وهو ما يمثل المشروعين السابع والثامن من نوعه لذلك العميل.
المشروعات تخص موقعًا واحدًا في الولايات المتحدة، ومن المتوقع الانتهاء منها والاعتراف بها كإيرادات خلال 12 شهراً، وتتوقع الشركة أن تكون الهامش الإجمالي متوافقاً مع هوامش مشاريع turnkey التاريخية. تفيد Thermal Energy بأنها أنجزت نحو CAD $13.6 مليون من الأعمال مع هذا العميل منذ 2019 عبر 27 موقعاً في تسع دول.
- Orders: CAD $1.5M for two turnkey projects
- Revenue timing: projects to be completed and recognized within 12 months
- Established customer: CAD $13.6M cumulative business since 2019
- Customer concentration: CAD $13.6M of business from a single multinational customer
Orders received for seventh and eight turnkey projects with this customer
Ottawa, Ontario--(Newsfile Corp. - November 5, 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 orders for two turnkey heat recovery projects worth a combined total of
"We received a series of orders from an existing customer for two distinct turnkey heat recovery projects at a single U.S. site," said William Crossland, Thermal Energy CEO. "Including these latest turnkey projects, we've done approximately
The two turnkey projects are expected to be completed and revenue earned within 12 months. The Company expects the gross margin for the projects to be in line with historical amounts for its turnkey projects. Thermal Energy's overall gross margins are available in its quarterly disclosure materials.
To view an enhanced version of this graphic, please visit:
https://images.newsfilecorp.com/files/2616/273228_05161b7654b20a4c_001full.jpg
Readers are encouraged to subscribe to TEI News to receive strategic news and updates directly to their inbox.
For media enquiries contact: | For investor enquiries: |
Notes to editors
About Thermal Energy International Inc.
Thermal Energy International Inc. provides energy efficiency and emissions reduction solutions to Fortune 500 and other large multinational companies. We save our customers money by reducing their fuel use and cutting their carbon emissions. Thermal Energy's proprietary and proven solutions can recover up to
Thermal Energy is a fully accredited professional engineering firm with engineering offices in Ottawa, Canada, Pittsburgh, USA, as well as Bristol, UK, with sales offices in Canada, UK, USA, Germany, Poland, and Italy. By providing a unique mix of proprietary products together with process, energy, and environmental engineering expertise, Thermal Energy can deliver unique, site-specific turnkey and custom engineered solutions with significant financial and environmental benefits for our customers.
Thermal Energy's common shares are traded on the TSX Venture Exchange (TSX-V) under the symbol TMG and on the OTCQB under the symbol TMGEF. For more information, visit our investor website at https://investors-thermalenergy.com or company website at www.thermalenergy.com and follow us on Twitter at https://twitter.com/GoThermalEnergy.
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 expectation that orders in backlog will become revenue, the anticipated benefits of the Company's current efforts at training and business improvement efforts, opportunities for growth, the Company's belief that it can capitalize on opportunities, the size of markets and opportunities open to the Company. 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 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. 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.sedarplus.ca.
# # #
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.
To view the source version of this press release, please visit https://www.newsfilecorp.com/release/273228
FAQ
What did Thermal Energy (TMGEF) announce on November 5, 2025?
When will the TMGEF turnkey projects be completed and recognized as revenue?
How much business has Thermal Energy done with this customer since 2019?
What gross margin does Thermal Energy expect for the CAD $1.5M projects?
Are the two TMGEF projects at multiple sites or a single site?
Does the TMGEF announcement indicate further growth with this customer?
