Thermal Energy Announces $1 Million Heat Recovery Expansion Project with Leading Multinational Food & Beverage Company
Thermal Energy International (TSXV: TMG) (OTCQB: TMGEF) has secured a $1 million expansion project order from a major multinational food & beverage customer to enhance their existing heat recovery system installed in 2019. The project, set at a U.S. location, will focus on recovering additional waste heat at a multi-boiler site.
The turnkey project encompasses design, construction, startup commissioning, and training for a complete system, including mechanical, electrical, and controls components. Upon completion, the expansion is projected to reduce natural gas consumption by 14,500 MMBTU and decrease CO2 emissions by 767 tons annually.
This marks the company's 11th heat recovery project with this customer, who has already implemented Thermal Energy's solutions across multiple sites, including 4,000 GEM traps at 60 locations. The project is expected to be completed within 9-12 months.
Thermal Energy International (TSXV: TMG) (OTCQB: TMGEF) ha ottenuto un ordine da 1 milione di dollari per un progetto di espansione da un importante cliente multinazionale nel settore alimentare e delle bevande, volto a migliorare il sistema di recupero di calore esistente installato nel 2019. Il progetto, situato negli Stati Uniti, si concentrerà sul recupero di calore residuo aggiuntivo in un sito con più caldaie.
Il progetto chiavi in mano include la progettazione, costruzione, messa in funzione e formazione per un sistema completo, comprendente componenti meccanici, elettrici e di controllo. Al termine, l’espansione dovrebbe ridurre il consumo di gas naturale di 14.500 MMBTU e abbattere le emissioni di CO2 di 767 tonnellate all’anno.
Si tratta dell’undicesimo progetto di recupero calore con questo cliente, che ha già adottato le soluzioni di Thermal Energy in diversi siti, installando 4.000 trappole GEM in 60 località. Il completamento del progetto è previsto entro 9-12 mesi.
Thermal Energy International (TSXV: TMG) (OTCQB: TMGEF) ha asegurado un pedido de proyecto de expansión por 1 millón de dólares de un importante cliente multinacional del sector de alimentos y bebidas para mejorar su sistema de recuperación de calor existente instalado en 2019. El proyecto, ubicado en Estados Unidos, se centrará en recuperar calor residual adicional en un sitio con múltiples calderas.
El proyecto llave en mano abarca diseño, construcción, puesta en marcha y capacitación para un sistema completo, incluyendo componentes mecánicos, eléctricos y de control. Al finalizar, se prevé que la expansión reduzca el consumo de gas natural en 14,500 MMBTU y disminuya las emisiones de CO2 en 767 toneladas anuales.
Este es el undécimo proyecto de recuperación de calor con este cliente, que ya ha implementado las soluciones de Thermal Energy en varios sitios, incluyendo 4,000 trampas GEM en 60 ubicaciones. Se espera que el proyecto se complete en 9-12 meses.
Thermal Energy International (TSXV: TMG) (OTCQB: TMGEF)는 2019년에 설치된 기존 열회수 시스템을 개선하기 위해 주요 다국적 식음료 고객으로부터 100만 달러 규모의 확장 프로젝트 수주를 확보했습니다. 이 프로젝트는 미국 내 위치한 다중 보일러 현장에서 추가 폐열 회수에 중점을 둡니다.
턴키 프로젝트는 설계, 건설, 시운전 및 교육을 포함한 완전한 시스템을 제공하며, 기계, 전기 및 제어 부품을 포함합니다. 완료 시, 확장은 연간 14,500 MMBTU의 천연가스 소비를 줄이고 767톤의 CO2 배출 감소를 기대하고 있습니다.
이번 프로젝트는 이 고객과 진행하는 Thermal Energy의 11번째 열회수 프로젝트로, 이미 60개 현장에 4,000개의 GEM 트랩을 포함한 Thermal Energy 솔루션을 도입한 바 있습니다. 프로젝트는 9~12개월 내에 완료될 예정입니다.
Thermal Energy International (TSXV : TMG) (OTCQB : TMGEF) a obtenu une commande de projet d’expansion d’une valeur de 1 million de dollars auprès d’un important client multinational du secteur agroalimentaire pour améliorer leur système de récupération de chaleur existant, installé en 2019. Le projet, situé aux États-Unis, portera sur la récupération de chaleur résiduelle supplémentaire sur un site multi-chaudières.
Le projet clé en main comprend la conception, la construction, la mise en service et la formation pour un système complet, incluant des composants mécaniques, électriques et de contrôle. Une fois achevé, l’extension devrait permettre de réduire la consommation de gaz naturel de 14 500 MMBTU et de diminuer les émissions de CO2 de 767 tonnes par an.
Il s’agit du 11e projet de récupération de chaleur de la société avec ce client, qui a déjà déployé les solutions de Thermal Energy sur plusieurs sites, incluant 4 000 pièges GEM dans 60 emplacements. Le projet devrait être achevé dans un délai de 9 à 12 mois.
Thermal Energy International (TSXV: TMG) (OTCQB: TMGEF) hat einen Erweiterungsauftrag im Wert von 1 Million US-Dollar von einem großen multinationalen Lebensmittel- und Getränkeunternehmen erhalten, um deren bestehendes Wärmerückgewinnungssystem, das 2019 installiert wurde, zu verbessern. Das Projekt an einem Standort in den USA konzentriert sich auf die Rückgewinnung zusätzlicher Abwärme an einem Standort mit mehreren Kesseln.
Das schlüsselfertige Projekt umfasst Planung, Bau, Inbetriebnahme und Schulung für ein komplettes System, einschließlich mechanischer, elektrischer und Steuerungskomponenten. Nach Fertigstellung soll die Erweiterung den Erdgasverbrauch um 14.500 MMBTU senken und die CO2-Emissionen jährlich um 767 Tonnen reduzieren.
Dies ist das elfte Wärmerückgewinnungsprojekt des Unternehmens mit diesem Kunden, der Thermal Energys Lösungen bereits an mehreren Standorten implementiert hat, darunter 4.000 GEM-Fallen an 60 Standorten. Die Fertigstellung des Projekts wird in 9 bis 12 Monaten erwartet.
- Secured new $1 million revenue project
- Expansion of existing successful installation demonstrates customer satisfaction
- Strong potential for additional business with 200+ untapped customer sites
- Project provides recurring revenue over 9-12 months
- Extended 9-12 month project completion timeline may delay revenue recognition
Expansion project at American site to yield further reductions in
natural gas consumption and CO2 emissions
Ottawa, Ontario--(Newsfile Corp. - April 16, 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 an order from one of its largest customers to expand the existing heat recovery system installed by Thermal Energy in 2019. This turnkey heat recovery expansion project is valued at approximately
"We are pleased to announce an expansion project with such a valued, long-term customer," said William Crossland, CEO of Thermal Energy International. "We completed a turnkey FLU-ACE® Heat Recovery Project at this U.S. location in 2019. Seeing the benefits of that project, the customer asked us to work in partnership with them to develop this expansion project to recover additional waste heat at this multi-boiler site. To date, we have successfully completed 11 heat recovery projects at 10 of this customer's sites around the world and installed 4,000 GEM traps across 60 of their sites. This relationship continues to develop, and many additional opportunities still remain at those sites as well as at the more than 200 of their other sites we have yet to penetrate."
This turnkey project includes the design, construction, startup commissioning and training for the complete system including all mechanical, electrical and controls required for a fully functional heat recovery and distribution system. The expansion project is expected to result in a further 14,500 MMBTU reduction in natural gas consumption and an estimated reduction of 767 tons of CO2 emissions per year.
The project is expected to be completed and revenue earned within 9 to 12 months.
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ENDS
| For media enquiries contact: Thermal Energy International Inc. Canada: 613-723-6776 UK: +44 (0)117 917 2179 Marketing@thermalenergy.com | For investor enquiries: William Crossland President and CEO Thermal Energy International Inc. 613-723-6776 Investors@thermalenergy.com |
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.
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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/248667
FAQ
What is the value and scope of Thermal Energy's (TMGEF) new heat recovery expansion project?
How much will TMGEF's new project reduce natural gas consumption and CO2 emissions?
What is the timeline for completion of TMGEF's new heat recovery project?
How many heat recovery projects has TMGEF completed with this customer globally?
