THERMAL ENGY INTL LTD - TMGEF STOCK NEWS

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Thermal Energy International Inc. (TMGEF) is a profitable cleantech company that provides innovative energy efficiency and carbon emission reduction solutions to major corporations globally. With a strong focus on turn-key projects and custom equipment, the company has shown significant growth in revenue and gross profit in recent quarters, backed by robust business development activity and a continuously expanding order backlog. Recent projects, like the $1.9 million carbon reduction solution for a global materials company, exemplify Thermal Energy's commitment to helping its customers achieve ambitious environmental targets while delivering substantial cost savings. With a seasoned team of engineers, a comprehensive understanding of various industries, and a reputation for technological innovation, Thermal Energy is well-positioned to drive positive environmental impact and savings for its clients.

12/07/2023 07:01 AM

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Thermal Energy Receives $3.7 Million Heat Recovery Order from One of Europe's Largest Food and Drink Producers

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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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11/30/2023 07:52 PM

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Thermal Energy International Announces Grant of Stock Options

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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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11/13/2023 07:01 AM

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Thermal Energy to Relocate UK Operations to Meet Growing Demand for GEM Steam Trap Product

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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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10/25/2023 07:01 AM

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Thermal Energy International Reports Strong, Profitable Growth in First Quarter

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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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10/17/2023 09:55 AM

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Thermal Energy Announces $2.6 Million Heat Recovery Order from Multinational Dairy and Nutrition Company

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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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10/10/2023 07:01 AM

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Thermal Energy Receives $1.9 Million in Repeat Business from Global Nutrition Company

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Thermal Energy International receives $1.9 million heat recovery order from global nutrition company.

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10/03/2023 07:01 AM

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Thermal Energy International Announces Letter to Shareholders from Chief Executive Officer

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Thermal Energy International Inc. releases letter to shareholders discussing strong revenue growth, surge in Project Development Agreements, and focus on repeat business.

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0.83%

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09/27/2023 07:00 AM

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Thermal Energy International's Fourth Quarter Revenue Growth of 84% Caps Banner Year

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Company's order intake up 130% in fiscal 2023

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09/13/2023 07:01 AM

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Thermal Energy Receives $4 Million Turn-Key Heat Recovery Order from Big Pharma Under New Global Master Services Agreement

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Thermal Energy International receives $4 million order for a Turn-key Heat Recovery Project from a multinational pharmaceutical company. The project is expected to reduce CO2 emissions by 13.5% and deliver $1 million in annual fuel savings. The company sees significant cross-selling opportunities in the pharmaceutical sector.

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07/11/2023 07:05 AM

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Thermal Energy International Achieved Record Order Intake in Fiscal Year Ended May 31, 2023

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FAQ

What is the current stock price of THERMAL ENGY INTL (TMGEF)?

The current stock price of THERMAL ENGY INTL (TMGEF) is $0.13367 as of December 20, 2024.

What is the market cap of THERMAL ENGY INTL (TMGEF)?

The market cap of THERMAL ENGY INTL (TMGEF) is approximately 24.0M.

What does Thermal Energy International Inc. do?

Thermal Energy International Inc. is a cleantech company that provides energy efficiency and carbon emission reduction solutions to major corporations globally.

What is the recent financial performance of Thermal Energy International Inc.?

Thermal Energy International Inc. reported an 8% increase in revenue for the third quarter, with gross profit increasing by 17% year-over-year.

What recent project did Thermal Energy International Inc. announce?

Thermal Energy International Inc. announced a $1.9 million carbon reduction and energy efficiency solution for a global materials company, expected to save over $980,000 annually.

Where are Thermal Energy International Inc.'s common shares traded?

Thermal Energy International Inc.'s common shares are traded on the TSX Venture Exchange (TSX-V) under the symbol TMG and on the OTCQB under the symbol TMGEF.