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.
About Thermal Energy
Thermal Energy is a global provider of innovative energy efficiency and carbon emission reduction solutions, specializing in turnkey heat recovery and custom engineered systems designed for large multinational corporations. Through its proprietary technology and advanced engineering expertise, the company transforms waste heat into usable energy, thereby reducing fuel consumption and lowering operational costs. Its solutions not only achieve significant energy savings but also contribute to meaningful reductions in carbon emissions, making it a key partner for companies pursuing strict sustainability and cost efficiency targets.
Core Business and Capabilities
The company's core operations revolve around process and environmental engineering services that deliver tailor-made solutions for optimizing industrial boiler plants, steam systems, and other heat-intensive operations. Utilizing a unique mix of proprietary products and engineering know-how, Thermal Energy undertakes site-specific turnkey projects that integrate heat recovery systems, energy efficiency measures, and emissions reduction technologies into a seamless solution. These services are delivered with an emphasis on rapid payback and high performance, ensuring that clients can realize both financial and environmental benefits in a short period.
Industry Focus and Market Position
Operating in the clean technology and industrial engineering sectors, Thermal Energy serves a diverse portfolio of customers, including Fortune 500 companies and other major multinational corporations. Its strategic expertise positions it as a reliable partner in enabling companies to meet ambitious carbon reduction goals while simultaneously achieving operational cost savings. The company’s approach to providing comprehensive engineering services, backed by professional accreditation and a global presence, sets it apart in a competitive landscape where innovation and performance are paramount.
Operational Excellence and Global Reach
With engineering offices in Ottawa, Pittsburgh, and Bristol, along with multiple sales offices across Canada, the UK, the USA, and key European markets, Thermal Energy exhibits extensive operational reach and localized expertise. This global footprint allows the company to implement its sophisticated solutions across diverse industrial environments and regulatory frameworks. Its business model emphasizes long-term partnerships with clients, ensuring that every project is engineered for both maximum energy recovery and compliance with environmental standards.
Technology and Innovation
Thermal Energy invests substantially in research and the development of digital tools that enhance project identification and execution. Its proprietary engineering platforms facilitate rapid assessment of energy-saving opportunities, ensuring that solutions are not only effective but also tailored to the specific needs of each customer. This integration of technology, engineering prowess, and process innovation underscores the company’s commitment to driving sustainable industrial practices while enhancing bottom-line performance for its clients.
Commitment to Expertise and Quality
The company’s unwavering focus on quality is demonstrated through its track record of delivering high-return projects in energy savings and emissions reduction. As a fully accredited professional engineering firm, Thermal Energy consistently adheres to rigorous industry standards, ensuring the reliability and durability of its solutions. The detailed, methodical approach to every project underlines its dedication to transforming industrial operations through expert engineering and innovative technology.
Positioning within the Competitive Landscape
Thermal Energy’s distinctiveness stems from its ability to combine a deep technical background with a broad geographic reach and flexible service offerings. By addressing both energy efficiency and carbon reduction, the company not only supports clients in meeting regulatory and self-imposed sustainability targets, but also strengthens its competitive position in an increasingly environmentally conscious market. This balanced and expertise-driven approach makes it a prominent fixture in the industrial energy solutions space.
Conclusion
In summary, Thermal Energy stands as a robust example of how innovative engineering and proprietary technology can converge to create high-value energy efficiency solutions. Its comprehensive suite of services and global operational reach enable major corporations to achieve significant cost savings and environmental benefits, making it a critical player in the transition towards more sustainable industrial practices.
Thermal Energy International (TSXV: TMG) (OTCQB: TMGEF), a provider of innovative energy efficiency and carbon emission reduction solutions, has announced it will release its fiscal 2025 third quarter financial results before market open on Tuesday, April 29, 2025.
The company will host an earnings conference call and webcast at 8:30 a.m. ET on the same day, featuring management's prepared remarks followed by a Q&A session for qualified equity analysts. The webcast will be accessible via Microsoft Teams, with a slide presentation available at https://bit.ly/TMG2025Q3. A dial-in option will also be provided for those unable to join via MS Teams.
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) has secured its largest engineering services contract to date, valued at $500,000 CAD, from one of the world's largest multinational pharmaceutical companies. The contract involves providing detailed engineering services for a potential heat recovery project.
This marks the second major pharmaceutical company to engage Thermal Energy for heat recovery projects, following previous orders for three major heat recovery projects from a different pharmaceutical company. The engineering scope is more extensive than typical project development agreements (PDAs), and follows a PDA signed with this client approximately a year ago.
The customer's approach involves approving the project in stages, with firm pricing to be provided after detailed engineering completion. This pharmaceutical client is aligned with the UN's Race to Zero campaign, aiming to halve global emissions by 2030.
Thermal Energy International reported record revenue of $8.7 million in Q2 2025, representing a 22% increase compared to Q2 2024. The company's turn-key heat recovery business drove this growth, marking the second consecutive quarter of all-time high quarterly revenue.
Despite revenue growth, profitability decreased due to product mix changes and increased investments in business growth. EBITDA was $0.3 million with net income of $28 thousand. The company's cash position stood at $2.8 million with working capital of $3.7 million at quarter end.
Order intake for Q2 was $7.3 million, with the order backlog reaching $12.9 million as of November 30, 2024, and increasing to $17.9 million by January 27, 2025. The company has invested in growth initiatives including a new UK production facility, 18 new staff, a new ERP system, and the CREST mobile project identification app, adding approximately $2.3 million to annual costs.
Thermal Energy International (TSXV: TMG) (OTCQB: TMGEF), a provider of energy efficiency and carbon emission reduction solutions, has announced it will release its fiscal 2025 second quarter financial results before market open on January 28, 2025. Management will host an earnings conference call and webcast at 8:30 a.m. ET the same day.
The company will provide a live webcast with slide presentation via Microsoft Teams, accessible at https://bit.ly/TMG2025Q2. A dial-in option will also be available for those unable to join via MS Teams, with the Canadian number being +1 437-703-4481. The financial statements and management's discussion will be filed on SEDAR+ and available on the company's website following the release.
Thermal Energy International (TSXV: TMG, OTCQB: TMGEF) has secured a $2.8 million heat recovery and heat pump project from a leading multinational pharmaceutical company. This marks their third heat recovery project with the customer in the past 15 months under a global master services agreement.
The turn-key project combines HeatSponge® indirect contact, FLU-ACE® direct contact heat recovery system, and an integrated heat pump. The implementation is expected to achieve 93% boiler efficiency and reduce CO2 emissions by 728 tons annually, representing an 11% reduction in site emissions. The project is scheduled for completion within 12 months.
Thermal Energy International (TSXV: TMG) (OTCQB: TMGEF) has granted 1,392,000 stock options to its officers and directors as part of a remuneration and incentive program. The options, granted on November 30, 2024, have a 5-year term and are exercisable at $0.20. The vesting schedule distributes one-third of the options annually over three years from the grant date. The stock option grants remain subject to necessary regulatory approvals.
Thermal Energy International's subsidiary, Boilerroom Equipment Inc. (BEI), has secured three orders totaling over $1 million CAD in the past three weeks. The orders include BEI's second-largest purchase order ever from a major multinational beverage company for three two-stage boiler economizers, nine single-stage economizers for a Colombian animal feedlot operation, and two boiler economizers for the Canadian government. All orders are expected to be fulfilled within 12 months, demonstrating continued demand for BEI's energy efficiency solutions.
Thermal Energy International (TSXV:TMG)(OTCQB:TMGEF), a provider of energy efficiency and carbon emission reduction solutions, announces its participation in the Virtual Investor Summit on November 21, 2024. The company will deliver a presentation from 12:30pm to 1:00pm ET and offer one-on-one meetings throughout the day.
The event focuses on 40 micro-cap companies with catalysts and strong market performance. Key investment highlights include proprietary solutions with high ROI, significant repeat business from Fortune 500 companies, and a track record of profitable growth.
Thermal Energy International reported record financial results for Q1 2025 (ended August 31, 2024). Revenue increased 63% year-over-year to $8.5 million, driven by strong turn-key heat recovery projects. The company achieved EBITDA of $0.6 million (up 33%) and net income of $0.3 million (up 91%). The order backlog stood at $13.5 million at quarter-end, rising to $18.4 million by October 28, 2024. Trailing twelve-month revenue reached a new high of $29.2 million, up 26% year-over-year, despite increased operating expenses from growth investments.
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