Thermal Energy Announces $930 Thousand in Repeat Business from Multinational Consumer Goods Company
Thermal Energy International (TMGEF) has secured a $930,000 CAD order for its GEM steam traps from a multinational consumer products company for one of its European facilities. The order follows successful implementations at other sites, where GEM traps demonstrated approximately 10% fuel savings. Since 2022, the company has delivered over $4 million worth of GEM projects with this customer across nine production sites globally. The revenue from this latest order is expected to be realized within six months.
The repeat order stems from the customer's satisfaction with fuel savings and carbon emissions reductions achieved through previous GEM steam trap installations. Thermal Energy sees potential for additional opportunities at other production locations worldwide.
Thermal Energy International (TMGEF) ha ottenuto un ordine da 930.000 CAD per i suoi trappole a vapore GEM da parte di una multinazionale nel settore dei prodotti di consumo, destinato a uno dei suoi stabilimenti europei. L'ordine arriva dopo implementazioni di successo in altri siti, dove le trappole GEM hanno dimostrato un risparmio di carburante di circa il 10%. Dal 2022, l'azienda ha consegnato oltre 4 milioni di dollari in progetti GEM con questo cliente in nove siti produttivi a livello globale. Il ricavo derivante da questo ultimo ordine è previsto entro sei mesi.
L'ordine ripetuto deriva dalla soddisfazione del cliente per i risparmi di carburante e la riduzione delle emissioni di carbonio ottenuti con le precedenti installazioni di trappole a vapore GEM. Thermal Energy vede potenziali ulteriori opportunità in altri siti produttivi nel mondo.
Thermal Energy International (TMGEF) ha asegurado un pedido de 930,000 CAD para sus trampas de vapor GEM de una empresa multinacional de productos de consumo para una de sus instalaciones europeas. El pedido sigue a implementaciones exitosas en otros sitios, donde las trampas GEM demostraron un ahorro de combustible de aproximadamente el 10%. Desde 2022, la compañía ha entregado más de 4 millones de dólares en proyectos GEM con este cliente en nueve sitios de producción a nivel mundial. Se espera que los ingresos de este último pedido se realicen en un plazo de seis meses.
El pedido repetido surge de la satisfacción del cliente con los ahorros de combustible y la reducción de emisiones de carbono logrados mediante instalaciones previas de trampas de vapor GEM. Thermal Energy ve potencial para oportunidades adicionales en otros lugares de producción en todo el mundo.
Thermal Energy International (TMGEF)는 유럽에 위치한 다국적 소비재 기업의 시설 중 한 곳을 위해 930,000 캐나다 달러 규모의 GEM 증기 트랩 주문을 확보했습니다. 이 주문은 다른 현장에서의 성공적인 도입에 따른 것으로, GEM 트랩은 약 10%의 연료 절감 효과를 입증했습니다. 2022년 이후로 이 회사는 전 세계 9개 생산 현장에서 이 고객과 함께 4백만 달러 이상의 GEM 프로젝트를 수행했습니다. 이번 최신 주문에서 발생하는 매출은 6개월 이내에 실현될 것으로 예상됩니다.
이번 재주문은 이전 GEM 증기 트랩 설치를 통해 달성된 연료 절감 및 탄소 배출 감소에 대한 고객의 만족에서 비롯되었습니다. Thermal Energy는 전 세계 다른 생산 현장에서도 추가 기회가 있을 것으로 보고 있습니다.
Thermal Energy International (TMGEF) a obtenu une commande de 930 000 CAD pour ses pièges à vapeur GEM auprès d'une entreprise multinationale de produits de consommation pour l'une de ses installations européennes. Cette commande fait suite à des mises en œuvre réussies sur d'autres sites, où les pièges GEM ont démontré une économie de carburant d'environ 10 %. Depuis 2022, la société a réalisé plus de 4 millions de dollars de projets GEM avec ce client sur neuf sites de production dans le monde. Les revenus de cette dernière commande devraient être réalisés dans les six mois.
Cette commande répétée découle de la satisfaction du client quant aux économies de carburant et à la réduction des émissions de carbone obtenues grâce aux précédentes installations de pièges à vapeur GEM. Thermal Energy voit un potentiel pour d'autres opportunités sur d'autres sites de production à travers le monde.
Thermal Energy International (TMGEF) hat einen Auftrag über 930.000 CAD für seine GEM-Dampffallen von einem multinationalen Konsumgüterunternehmen für eine seiner europäischen Anlagen erhalten. Der Auftrag folgt auf erfolgreiche Implementierungen an anderen Standorten, bei denen GEM-Fallen etwa 10 % Kraftstoffeinsparungen zeigten. Seit 2022 hat das Unternehmen mit diesem Kunden weltweit an neun Produktionsstandorten über 4 Millionen Dollar an GEM-Projekten geliefert. Der Umsatz aus diesem neuesten Auftrag wird voraussichtlich innerhalb von sechs Monaten realisiert.
Der Folgeauftrag resultiert aus der Kundenzufriedenheit mit den Kraftstoffeinsparungen und der Reduzierung der CO2-Emissionen, die durch frühere Installationen der GEM-Dampffallen erzielt wurden. Thermal Energy sieht Potenzial für weitere Möglichkeiten an anderen Produktionsstandorten weltweit.
- Secured significant repeat order worth $930,000 CAD from existing customer
- Demonstrated strong product performance with 10% fuel savings at customer facilities
- Established track record with $4 million in GEM projects since 2022 across 9 production sites
- Revenue expected within short timeframe of 6 months
- Potential for additional business opportunities at other customer locations
- None.
Existing customer to increase conversion of steam traps to GEM traps at one of its European sites
Ottawa, Ontario--(Newsfile Corp. - May 14, 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
"Based on realized fuel savings and the carbon emissions reductions delivered to date by our GEM steam traps at this site and a number of the customer's other sites, the customer decided to convert more of this facility over to GEM," said William Crossland, CEO of Thermal Energy International. "Extensive testing done across this customer's facilities indicate fuel savings from the GEM traps of approximately
The revenue from this order is expected to be earned within six 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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FAQ
What is the value of Thermal Energy's (TMGEF) latest GEM steam trap order?
How much fuel savings do Thermal Energy's GEM steam traps deliver?
What is the total value of GEM projects delivered by TMGEF to this customer since 2022?
When will Thermal Energy (TMGEF) recognize revenue from this $930,000 order?
