Thermal Energy International Inc. (OTCQB: TMGEF) appears frequently in news coverage for its work on energy efficiency and emissions reduction projects with major industrial and commercial customers. Company announcements focus on turnkey heat recovery projects, custom-engineered equipment orders, and financial performance updates that reflect demand for its proprietary technologies.
Recent news releases describe multi-million-dollar turnkey heat recovery orders from multinational frozen food, building materials, and global nutrition companies, as well as repeat business across multiple sites and countries. The company also reports on technically demanding projects, such as custom HeatSponge heat recovery units engineered for a remote mining operation in the Arctic, where equipment must withstand high temperatures, pressure, and vibration.
Investors and industry observers following TMGEF news can expect updates on order intake, order backlog, and revenue trends, along with information on project awards, repeat business with large multinationals, and developments involving the company’s wholly owned subsidiary, Boilerroom Equipment Inc. News items also cover corporate actions such as stock option grants and leadership appointments, including executive roles that support expansion of sales channels and geographic reach.
This Stock Titan news page aggregates these company-issued releases so readers can track Thermal Energy International’s project pipeline, sector exposure in areas like food and beverage, building materials, pharmaceuticals, and mining, and its ongoing focus on energy efficiency and carbon emission reduction solutions for large organizations.
Thermal Energy (OTCQB: TMGEF) reported Q3 2026 results for the quarter ended Feb. 28, 2026, with revenue up 62% to $9.4M and adjusted EBITDA of $519K. Net income was $338K versus a loss of $403K a year earlier. Cash was $4.0M and order backlog was $14.7M, rising to $16.3M as of April 27, 2026.
The company cited stronger heat recovery and GEM revenues, higher order intake, and improved trailing-12-month revenue of $33.3M.
Thermal Energy International (OTCQB: TMGEF) will release fiscal 2026 third quarter results before market open on April 28, 2026.
Management will host an earnings webcast and conference call at 8:30 a.m. ET with a Q&A; advance moderated investor questions accepted until 8:15 a.m. ET. Financials and MD&A will be filed on SEDAR+ and posted on the company website the same day.
Thermal Energy International (OTCQB: TMGEF) will participate in a TSX-sponsored European roadshow from April 21–23, 2026, presenting in Zurich, Paris and London to family offices and high-net-worth investors focused on the new energy economy.
The company reported record quarterly revenue of $10.2 million for the quarter ended November 30, 2025; Adjusted EBITDA tripled to $814 thousand, and net income rose to $618 thousand. Subscribe to TEI News for updates.
Thermal Energy (OTCQB: TMGEF) won a ~$1 million turnkey heat recovery project from a global nutrition company, its ninth project with that client and third consecutive HeatSponge turnkey order.
The system is expected to recover waste heat, deliver $285,000 in annual natural gas savings and reduce site-wide greenhouse gas emissions by 7%. Revenue is expected to be earned within 6 months and gross margin is anticipated to align with historical turnkey project levels.
Thermal Energy (OTCQB: TMGEF) reported record Q2 revenue of $10.2M for the quarter ended Nov 30, 2025, up ~18% year‑over‑year, with gross profit of $4.0M and gross margin of 39%. Adjusted EBITDA rose 202% to $814K and net income increased to $618K. Cash was $2.0M and working capital $3.4M at quarter end; the company repaid $130K of its term loan and reported a negligible bank balance as of Jan 26, 2026. Order backlog rose 16% to $15.0M at quarter end and was $21.5M as of Jan 26, 2026. Management highlighted stronger HeatSponge sales and completed turnkey project deliveries as drivers of the quarter's results.
Thermal Energy International (TSXV: TMG / OTCQB: TMGEF) will release its fiscal 2026 second quarter results before market open on Tuesday, January 27, 2026. Management will host an earnings conference call and live webcast with slides at 8:30 a.m. ET, followed by a Q&A for qualified equity analysts.
Investors can join the webcast via Microsoft Teams at https://tinyurl.com/TMG2026Q2 (join ~15 minutes early). An audio dial-in is available for Canada at +1 437-703-4481 with conference ID 450 037 488#. Financial statements and MD&A will be filed on SEDAR+ and posted on the company investor site the same day.
Thermal Energy (OTCQB: TMGEF) appointed Vincent Sands as Executive Vice President, effective January 7, 2026. Mr. Sands will continue as President of wholly owned subsidiary Boilerroom Equipment Inc. and lead two go-to-market initiatives: (1) leveraging BEI's network of independent manufacturers' representatives across North America to create a new indirect sales channel for standardized equipment including GEM™ Trap products; and (2) expanding BEI's HeatSponge condensing heat recovery economizer technology into Europe. Mr. Sands joined the company in 2018, founded BEI, and holds a Professional Engineer registration and a degree in Marine Engineering and Naval Architecture.
Thermal Energy (OTCQB: TMGEF) announced a repeat turnkey order valued at approximately CAD $1.5 million from a multinational building materials customer on December 17, 2025. The project covers installation of four HeatSponge two-stage boiler economizers through its subsidiary Boilerroom Equipment Inc.
The order follows a prior CAD $1.0 million turnkey project with the same customer announced in July and is expected to generate revenue within 12 months. The company expects gross margin for the project to be in line with historical turnkey-project margins.
Thermal Energy (OTCQB: TMGEF) announced a $3.2 million CAD turnkey heat recovery order from a leading multinational frozen food company on December 15, 2025. This is the customer's second project after an earlier ~$1 million 2024 engagement that did not include turnkey installation. The revenue from the new order is expected to be earned within 12 months. The customer operates over 40 manufacturing sites worldwide and has aggressive greenhouse gas reduction targets, highlighting potential additional opportunities. Thermal Energy emphasizes its proprietary heat-recovery technologies and continued focus on the food and beverage sector as its largest source of business.
Thermal Energy International (TSXV: TMG / OTCQB: TMGEF) announced a grant of 3,334,000 stock options to officers and directors on November 30, 2025.
The options have a 5-year term, an exercise price of $0.125 and are subject to regulatory approval. Vesting is split: 1,334,000 options vest in three equal annual instalments over the first three anniversaries, and 2,000,000 options vest in four equal annual instalments over the first four anniversaries.
The grants are part of the company’s remuneration and incentive program; readers are encouraged to subscribe to company news for updates.