Thermal Energy Receives $1 Million Turnkey Heat Recovery Order from Multinational Building Materials Company
Thermal Energy International (OTCQB: TMGEF) has secured a significant $1 million turnkey heat recovery order from a leading multinational building materials company. The project involves installing three HeatSponge multi-pass two-stage boiler economizers at one of the customer's U.S. facilities.
The project, stemming from a March 2024 Project Development Agreement, aims to enhance thermal efficiency of the site's three largest boilers. Once completed, it is expected to deliver annual natural gas savings of 41,545 mmBTU and reduce greenhouse gas emissions by 2,202 metric tons CO₂ annually, representing a 10% reduction in the site's total CO₂ emissions.
The revenue is anticipated to be earned within 12 months, with gross margins aligning with historical turnkey project levels. The company sees potential for additional opportunities across six other U.S. manufacturing sites and several international facilities.
Thermal Energy International (OTCQB: TMGEF) ha ottenuto un importante ordine chiavi in mano da 1 milione di dollari per un sistema di recupero di calore da una principale azienda multinazionale nel settore dei materiali da costruzione. Il progetto prevede l'installazione di tre economizzatori per caldaie a doppio stadio e multi-pass HeatSponge in uno degli stabilimenti statunitensi del cliente.
Derivante da un Accordo di Sviluppo Progetto firmato a marzo 2024, l'intervento mira a migliorare l'efficienza termica delle tre caldaie più grandi del sito. Al completamento, si prevede un risparmio annuo di gas naturale di 41.545 mmBTU e una riduzione delle emissioni di gas serra di 2.202 tonnellate metriche di CO₂ all'anno, pari a una riduzione del 10% delle emissioni totali di CO₂ del sito.
I ricavi sono previsti entro 12 mesi, con margini lordi in linea con i livelli storici dei progetti chiavi in mano. L'azienda vede potenziali ulteriori opportunità in altri sei stabilimenti produttivi negli Stati Uniti e in diverse strutture internazionali.
Thermal Energy International (OTCQB: TMGEF) ha asegurado un importante pedido llave en mano de recuperación de calor por 1 millón de dólares de una destacada empresa multinacional de materiales de construcción. El proyecto consiste en instalar tres economizadores de caldera de dos etapas y múltiples pasadas HeatSponge en una de las instalaciones del cliente en EE.UU.
El proyecto, derivado de un Acuerdo de Desarrollo de Proyecto de marzo de 2024, tiene como objetivo mejorar la eficiencia térmica de las tres calderas más grandes del sitio. Una vez finalizado, se espera que genere ahorros anuales de gas natural de 41,545 mmBTU y reduzca las emisiones de gases de efecto invernadero en 2,202 toneladas métricas de CO₂ anuales, lo que representa una reducción del 10% en las emisiones totales de CO₂ del sitio.
Se anticipa que los ingresos se generarán en un plazo de 12 meses, con márgenes brutos alineados con los niveles históricos de proyectos llave en mano. La empresa ve potencial para oportunidades adicionales en otros seis sitios de fabricación en EE.UU. y varias instalaciones internacionales.
Thermal Energy International (OTCQB: TMGEF)는 주요 다국적 건축 자재 회사로부터 100만 달러 규모의 턴키 열 회수 주문을 확보했습니다. 이 프로젝트는 고객의 미국 내 한 시설에 HeatSponge 다중 통과 2단계 보일러 경제기 3대를 설치하는 것을 포함합니다.
2024년 3월 프로젝트 개발 계약에 기반한 이 사업은 해당 사이트의 가장 큰 3대 보일러의 열 효율을 향상시키는 것을 목표로 합니다. 완료되면 연간 41,545 mmBTU의 천연가스 절감과 연간 2,202 미터톤의 CO₂ 배출 감소를 기대하며, 이는 사이트 전체 CO₂ 배출량의 10% 감소에 해당합니다.
수익은 12개월 이내에 발생할 것으로 예상되며, 총이익률은 과거 턴키 프로젝트 수준과 일치할 것입니다. 회사는 미국 내 6개 제조 시설과 여러 해외 시설에서 추가 기회를 모색하고 있습니다.
Thermal Energy International (OTCQB : TMGEF) a obtenu une commande clé en main importante d’une valeur de 1 million de dollars auprès d’une grande entreprise multinationale de matériaux de construction. Le projet consiste à installer trois économiseurs de chaudière HeatSponge à deux étages et à passages multiples dans l’une des installations américaines du client.
Issu d’un accord de développement de projet signé en mars 2024, ce projet vise à améliorer l’efficacité thermique des trois plus grandes chaudières du site. Une fois terminé, il devrait permettre des économies annuelles de gaz naturel de 41 545 mmBTU et réduire les émissions de gaz à effet de serre de 2 202 tonnes métriques de CO₂ par an, ce qui représente une réduction de 10 % des émissions totales de CO₂ du site.
Les revenus sont prévus dans un délai de 12 mois, avec des marges brutes conformes aux niveaux historiques des projets clés en main. L’entreprise voit un potentiel d’opportunités supplémentaires sur six autres sites de fabrication aux États-Unis ainsi que dans plusieurs installations internationales.
Thermal Energy International (OTCQB: TMGEF) hat einen bedeutenden schlüsselfertigen Wärmerückgewinnungsauftrag im Wert von 1 Million US-Dollar von einem führenden multinationalen Baustoffunternehmen erhalten. Das Projekt umfasst die Installation von drei HeatSponge Mehrfachdurchlauf-Zweistufen-Kesselwirtschaftern in einer der US-Anlagen des Kunden.
Das Projekt, das auf einer im März 2024 geschlossenen Projektentwicklungsvereinbarung basiert, zielt darauf ab, die thermische Effizienz der drei größten Kessel der Anlage zu verbessern. Nach Abschluss wird erwartet, dass es jährliche Erdgas-Einsparungen von 41.545 mmBTU erzielt und die Treibhausgasemissionen um 2.202 metrische Tonnen CO₂ pro Jahr reduziert, was einer 10%igen Verringerung der gesamten CO₂-Emissionen der Anlage entspricht.
Die Einnahmen werden voraussichtlich innerhalb von 12 Monaten erzielt, wobei die Bruttomargen den historischen Niveaus schlüsselfertiger Projekte entsprechen. Das Unternehmen sieht Potenzial für weitere Chancen an sechs weiteren US-amerikanischen Produktionsstandorten sowie mehreren internationalen Anlagen.
- Secured significant $1 million turnkey heat recovery order
- Project will generate 41,545 mmBTU in annual natural gas savings
- Will reduce customer's site CO₂ emissions by 10% (2,202 metric tons annually)
- Potential for additional business across 6 other U.S. sites and international facilities
- Revenue expected within 12 months with consistent historical gross margins
- None.
Three two-stage HeatSponge boiler economizers to be installed at one of the customer's U.S. sites
Ottawa, Ontario--(Newsfile Corp. - July 15, 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, today announced a turnkey heat recovery order valued at approximately
"We're excited to support this global manufacturer in reducing their fuel costs and progressing toward their greenhouse gas emission reduction goals," said William Crossland, CEO of Thermal Energy International. "This turnkey project, which originated from a Project Development Agreement signed in March of last year, will enhance the thermal efficiency of the site's three largest boilers. We look forward to building a strong relationship with this customer. Importantly, there are potentially additional opportunities for us not only at this location but also at six other U.S. manufacturing sites and several of their international facilities."
When completed, this turnkey project is expected to provide annual natural gas savings of 41,545 mmBTU while reducing greenhouse gas emissions by up to 2,202 metric tons CO₂ per year, or
The revenue from this order is expected to be earned within 12 months. The Company expects the gross margin for the project to be in line with historical amounts for its turnkey projects. Thermal Energy's overall gross margins are available in its quarterly disclosure materials.
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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. Fulfillment 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/258779
FAQ
What is the value of Thermal Energy's (TMGEF) new heat recovery order?
How much will the new TMGEF heat recovery project reduce CO₂ emissions?
What energy savings will Thermal Energy's new project generate?
When will Thermal Energy (TMGEF) recognize revenue from this new order?
What is the potential for additional orders from this customer?
