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Thermal Energy - TMGEF STOCK NEWS

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.

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Thermal Energy International Inc. (TMGEF) to release fiscal Q3 2024 financial results on April 25, 2024. Management to host earnings conference call and webcast. Webcast details and dial-in instructions provided.
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Thermal Energy International Inc. reported strong financial results for the second quarter ended November 30, 2023, with a 71% increase in revenue, reaching $7.1 million, and a 97% increase in gross profit, totaling $3.5 million. The company also achieved EBITDA of $830 thousand and a net income of $486 thousand, compared to losses in the same quarter the previous year. Order intake for the quarter was $12.8 million, and the order backlog stood at $17.5 million as of November 30, 2023. The CEO, William Crossland, expressed satisfaction with the results, attributing the growth to increased demand for the company's products and services, and the successful digitalization and automation of key business processes. The company is optimistic about its outlook and expects margins to return to historical levels as the product mix normalizes.
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Thermal Energy International Inc. (TMGEF) has received a purchase order for a Hybrid Flu-Ace from a meat processing plant in Europe, valued at $1 million, expected to reduce fuel use for hot water by 80%. The project is set to be completed within 12 months, with significant fuel and carbon emissions savings. The Hybrid Flu-Ace boasts 90% to 99% fuel to hot water efficiency, low carbon emissions, and minimal maintenance, providing a rapid return on investment and reducing CO2 emissions by 292 tonnes per year, resulting in additional financial savings of approximately $240 thousand.
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Thermal Energy International Inc. (TMG) announces record purchase order from a Fortune 500 food processing company for HeatSponge boiler economizers, marking the largest single order in the company's history, valued at approximately $540,000 CAD. BEI's revenue has almost doubled in the past two years, with a 33% year-over-year increase in order intake by the end of the second quarter. The company has also received notable orders from electric vehicle battery plants, military facilities, hospitals, and more. The acquisition of BEI and its product offering in 2018 has contributed to the company's growth.
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Thermal Energy International Inc. (TMG) CEO discusses the company's resurgence and future growth prospects. The company returned to profitability in fiscal 2023 and saw a surge in project development agreements. Thermal Energy also announced a $3.7 million heat recovery order from a major European food and drink producer.
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Thermal Energy International Inc. (TMG:TSXV) has received a $3.7 million turn-key heat recovery order from a multinational food and drink producer, confirming growing momentum into the second half of fiscal 2024. The company's latest heat recovery technology is expected to help the customer reduce fuel use and greenhouse gas emissions by up to 20%. With a year-to-date order intake over $19 million, Thermal Energy's strong momentum continues.
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Thermal Energy International Inc. (TMG) grants 1,760,000 stock options to officers and directors as part of a remuneration and incentive program.
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Thermal Energy International Inc. (TSXV: TMG) (OTCQB: TMGEF) announces the relocation of its UK operations to a larger industrial unit on the outskirts of Bristol in response to the remarkable growth in demand for its GEM™ steam trap product. The new facility, 2.5X the size of the current manufacturing space, will more than double throughput capacity, allow for in-house equipment testing, research and development, and improved logistics. The growing demand for GEM steam traps is driven by the increasing number of companies committing to reducing carbon emissions and the rising cost of carbon and natural gas prices.
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Thermal Energy International Inc. reports strong financial results for Q1 2024, with revenue increasing by 66% and gross profit more than doubling compared to the same quarter last year. The company also received a significant heat recovery order and signed a Global Master Services Agreement with a pharmaceutical company. Order intake for fiscal 2024 is $13.7 million, and the order backlog is $22.0 million.
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Thermal Energy International receives a $2.6 million turn-key heat recovery order from a multinational dairy and nutrition company. The project is expected to deliver $1.2 million in annual fuel savings and reduce CO2 emissions by 4,231 tonnes.
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FAQ

What is the current stock price of Thermal Energy (TMGEF)?

The current stock price of Thermal Energy (TMGEF) is $0.0838 as of April 22, 2025.

What is the market cap of Thermal Energy (TMGEF)?

The market cap of Thermal Energy (TMGEF) is approximately 15.7M.

What is Thermal Energy's core business?

Thermal Energy specializes in delivering energy efficiency and carbon emission reduction solutions through turnkey heat recovery and custom engineered systems designed for large industrial operations.

How does Thermal Energy generate revenue?

The company earns revenue by designing, engineering, and installing bespoke heat recovery solutions and energy efficiency projects that help clients reduce costs and achieve emissions reduction targets.

Which industries does Thermal Energy serve?

Thermal Energy primarily works with large multinational corporations across various sectors, including manufacturing, pharmaceuticals, and process industries that require significant energy optimization and emissions control.

What differentiates Thermal Energy from its competitors?

Its differentiation lies in its proprietary technology, comprehensive engineering expertise, and its ability to deliver site-specific, turnkey solutions that offer both environmental and financial benefits.

Where is Thermal Energy headquartered and how extensive is its global presence?

Headquartered in Canada, Thermal Energy maintains engineering offices in Ottawa, Pittsburgh, and Bristol, with sales and operational offices in key markets including the USA, UK, and various European countries.

What types of projects does Thermal Energy typically execute?

The company typically executes projects that involve waste heat recovery, energy efficiency upgrades, and integrated engineering services aimed at reducing fuel consumption and carbon emissions in industrial settings.

Are Thermal Energy's solutions customized for each client?

Yes, all projects are tailored to meet the unique operational needs and environmental goals of each client, ensuring optimal performance and rapid payback on investment.

How does Thermal Energy ensure the quality and reliability of its solutions?

Thermal Energy is a fully accredited professional engineering firm that adheres to stringent industry standards, integrating advanced digital tools and rigorous project management practices to ensure high-quality and reliable outcomes.
Thermal Energy

OTC:TMGEF

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TMGEF Stock Data

15.74M
161.27M
6.65%
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Canada
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