Thermal Energy Subsidiary Receives Orders Totalling More Than $1,000,000
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 ha acquisito tramite la sua filiale, Boilerroom Equipment Inc. (BEI), tre ordini per un totale superiore a 1 milione di dollari CAD nelle ultime tre settimane. Gli ordini comprendono il secondo ordine di acquisto più grande mai ricevuto da un'importante multinazionale del settore beverage, per tre economizzatori di caldaia a due stadi, nove economizzatori a stadio singolo per un'operazione di allevamento di animali in Colombia e due economizzatori di caldaia per il governo canadese. Tutti gli ordini si prevede siano completati entro 12 mesi, dimostrando una continua domanda per le soluzioni di efficienza energetica di BEI.
Thermal Energy International ha obtenido a través de su subsidiaria, Boilerroom Equipment Inc. (BEI), tres pedidos que suman más de 1 millón de dólares canadiense en las últimas tres semanas. Los pedidos incluyen el segundo pedido más grande de BEI jamás realizado por una importante empresa multinacional de bebidas, que comprende tres economizadores de caldera de dos etapas, nueve economizadores de una etapa para una operación de criadero de animales en Colombia y dos economizadores de caldera para el gobierno canadiense. Se espera que todos los pedidos se cumplan dentro de 12 meses, lo que demuestra una demanda continua de las soluciones de eficiencia energética de BEI.
Thermal Energy International의 자회사인 Boilerroom Equipment Inc. (BEI)는 지난 3주간 총 100만 캐나다 달러 이상의 3건의 주문을 확보했습니다. 이번 주문에는 대형 다국적 음료 회사로부터의 BEI 역사상 두 번째로 큰 구매 주문인 3개의 2단계 보일러 경제기구, 콜롬비아의 동물 사육 농장용 9개의 단일 단계 경제기구, 캐나다 정부용 2개의 보일러 경제기구가 포함됩니다. 모든 주문은 12개월 이내에 완료될 예정이며, BEI 에너지 효율 솔루션에 대한 지속적인 수요를 보여줍니다.
Thermal Energy International, à travers sa filiale Boilerroom Equipment Inc. (BEI), a obtenu trois commandes totalisant plus de 1 million de dollars canadiens au cours des trois dernières semaines. Les commandes comprennent la deuxième plus grande commande jamais passée par BEI, émanant d'une grande entreprise multinationale de boissons, pour trois économiseurs de chaudière à deux étages, neuf économiseurs à un étage pour une exploitation d'aliments pour animaux en Colombie, et deux économiseurs de chaudière pour le gouvernement canadien. Toutes les commandes devraient être livrées dans les 12 mois, montrant une demande continue pour les solutions d'efficacité énergétique de BEI.
Thermal Energy International hat über ihre Tochtergesellschaft, Boilerroom Equipment Inc. (BEI), in den letzten drei Wochen drei Bestellungen im Gesamtwert von über 1 Million CAD gesichert. Die Bestellungen umfassen die zweithöchste Bestellung von BEI aller Zeiten von einem multinationalen Getränkeunternehmen für drei zweistufige Boiler-Ökonomisierer, neun einstufige Ökonomisierer für einen kolumbianischen Tieraufzuchtbetrieb und zwei Boiler-Ökonomisierer für die kanadische Regierung. Alle Bestellungen werden voraussichtlich innerhalb von 12 Monaten erfüllt, was die anhaltende Nachfrage nach BEIs Lösungen zur Verbesserung der Energieeffizienz zeigt.
- Secured orders worth over $1 million CAD in just three weeks
- Received second-largest purchase order in company history
- Achieved largest two-stage economizer order to date
- Expanded international market presence with orders from Colombia
- None.
Latest orders include Boilerroom Equipment, Inc.'s second largest purchase order and largest two-stage economizer order to date
Ottawa, Ontario--(Newsfile Corp. - November 11, 2024) - 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, announced today that its subsidiary, Boilerroom Equipment Inc. ("BEI") received three orders totalling just over
"We're pleased to share news of the most recent custom equipment orders received by BEI," said William Crossland, CEO of Thermal Energy. "Among the orders was an order from one of the world's largest multinational beverage companies for three identical two-stage boiler economizers - representing BEI's second largest purchase order and largest two-stage economizer order to date. In addition, BEI's representative in Colombia purchased nine single stage economizers for an animal feedlot operation, and its Quebec representative purchased two boiler economizers, one single stage and one two-stage, for the Canadian government. These latest orders reflect the continued demand for BEI's economizers from companies looking to reduce operational costs and carbon footprints."
All three orders are expected to be fulfilled and revenue earned within 12 months.
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ENDS
For media enquiries contact:
Thermal Energy International Inc.
Canada: 613-723-6776
UK: +44 (0)117 917 2179
Marketing@thermalenergy.com
For investor enquiries:
William Crossland
President and CEO
Thermal Energy International Inc.
613-723-6776
Investors@thermalenergy.com
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 anticipated effects of COVID-19 on the business, backlog, and revenue, and the expectation that orders in backlog will become revenue.
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 order-intake, 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 several risks, uncertainties, and assumptions. Orders received in a fiscal year may not become revenue for the Company within such fiscal year. Many factors, some of which are outside of the Company's control, could cause events and results to differ materially from those stated. Fulfilment of orders, installation of products, and activation of products could all be delayed for several 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/229450
FAQ
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