Reported Earnings • Apr 30
Third quarter 2026 earnings released: EPS: CA$0.002 (vs CA$0.002 loss in 3Q 2025) Third quarter 2026 results: EPS: CA$0.002 (up from CA$0.002 loss in 3Q 2025). Revenue: CA$9.42m (up 62% from 3Q 2025). Net income: CA$322.6k (up CA$739.3k from 3Q 2025). Profit margin: 3.4% (up from net loss in 3Q 2025). The move to profitability was driven by higher revenue. Revenue is forecast to grow 24% p.a. on average during the next 3 years, compared to a 7.3% growth forecast for the Machinery industry in Canada. Over the last 3 years on average, earnings per share has fallen by 20% per year but the company’s share price has increased by 14% per year, which means it is well ahead of earnings. Announcement • Apr 23
Thermal Energy International Inc. to Report Q3, 2026 Results on Apr 28, 2026 Thermal Energy International Inc. announced that they will report Q3, 2026 results at 9:30 AM, US Eastern Standard Time on Apr 28, 2026 Reported Earnings • Jan 28
Second quarter 2026 earnings released: EPS: CA$0.003 (vs CA$0 in 2Q 2025) Second quarter 2026 results: EPS: CA$0.003 (up from CA$0 in 2Q 2025). Revenue: CA$10.2m (up 18% from 2Q 2025). Net income: CA$578.4k (up CA$565.4k from 2Q 2025). Profit margin: 5.7% (up from 0.1% in 2Q 2025). The increase in margin was driven by higher revenue. Revenue is forecast to grow 31% p.a. on average during the next 2 years, compared to a 8.2% growth forecast for the Machinery industry in Canada. Over the last 3 years on average, earnings per share has increased by 17% per year whereas the company’s share price has increased by 14% per year. Announcement • Jan 21
Thermal Energy International Inc. to Report Q2, 2026 Results on Jan 27, 2026 Thermal Energy International Inc. announced that they will report Q2, 2026 results Pre-Market on Jan 27, 2026 Announcement • Jan 07
Thermal Energy International Inc. Appoints Vincent Sands as Executive Vice President, Effective January 7, 2026 Thermal Energy International Inc. announced that Vincent Sands has been appointed to the position of Executive Vice President ("EVP") of Thermal Energy, effective January 7, 2026. Mr. Sands joined Thermal Energy in 2018 when the Company acquired Boilerroom Equipment Inc. ("BEI"), which he founded and successfully grew into a consistently strong and profitable business unit. Mr. Sands earned his Professional Engineer registration in 2001 and holds a degree in Marine Engineering and Naval Architecture from the U.S. Merchant Marine Academy. He served as an engineering officer in both the U.S. Navy Reserve and the U.S. Merchant Marine. Reported Earnings • Oct 29
First quarter 2026 earnings released: EPS: CA$0.001 (vs CA$0.002 in 1Q 2025) First quarter 2026 results: EPS: CA$0.001 (down from CA$0.002 in 1Q 2025). Revenue: CA$6.85m (down 19% from 1Q 2025). Net income: CA$146.7k (down 47% from 1Q 2025). Profit margin: 2.1% (down from 3.3% in 1Q 2025). The decrease in margin was driven by lower revenue. Revenue is forecast to grow 29% p.a. on average during the next 2 years, compared to a 9.5% growth forecast for the Machinery industry in Canada. Over the last 3 years on average, earnings per share has increased by 51% per year but the company’s share price has only increased by 11% per year, which means it is significantly lagging earnings growth. Announcement • Oct 16
Thermal Energy International Inc. to Report Q1, 2026 Results on Oct 28, 2025 Thermal Energy International Inc. announced that they will report Q1, 2026 results Pre-Market on Oct 28, 2025 Reported Earnings • Sep 23
Full year 2025 earnings released Full year 2025 results: Revenue: CA$29.8m (up 15% from FY 2024). Net income: CA$73.2k (down 92% from FY 2024). Profit margin: 0.2% (down from 3.6% in FY 2024). The decrease in margin was driven by higher expenses. Revenue is forecast to grow 23% p.a. on average during the next 2 years, compared to a 11% growth forecast for the Machinery industry in Canada. Over the last 3 years on average, earnings per share has increased by 89% per year but the company’s share price has only increased by 17% per year, which means it is significantly lagging earnings growth. Announcement • Apr 17
Thermal Energy International Inc. to Report Q3, 2025 Results on Apr 29, 2025 Thermal Energy International Inc. announced that they will report Q3, 2025 results Pre-Market on Apr 29, 2025 New Risk • Mar 05
New minor risk - Share price stability The company's share price has been volatile over the past 3 months. It is more volatile than 75% of Canadian stocks, typically moving 13% a week. This is considered a minor risk. Share price volatility indicates the stock is highly sensitive to market conditions or economic conditions rather than being sensitive to its own business performance, which may also be inconsistent. It also increases the risk of potential losses in the short term as the stock tends to have larger drops in price more frequently than other stocks. Currently, the following risks have been identified for the company: Minor Risks Share price has been volatile over the past 3 months (13% average weekly change). Profit margins are more than 30% lower than last year (1.9% net profit margin). Market cap is less than US$100m (CA$22.5m market cap, or US$15.7m). Recent Insider Transactions • Feb 28
President recently bought CA$135k worth of stock On the 26th of February, William Crossland bought around 900k shares on-market at roughly CA$0.15 per share. This transaction amounted to 10% of their direct individual holding at the time of the trade. In the last 3 months, they made an even bigger purchase worth CA$155k. William has been a buyer over the last 12 months, purchasing a net total of CA$321k worth in shares. Recent Insider Transactions • Feb 04
President recently bought CA$155k worth of stock On the 3rd of February, William Crossland bought around 1m shares on-market at roughly CA$0.16 per share. This transaction amounted to 13% of their direct individual holding at the time of the trade. This was the largest purchase by an insider in the last 3 months. William has been a buyer over the last 12 months, purchasing a net total of CA$141k worth in shares. Reported Earnings • Jan 28
Second quarter 2025 earnings released: EPS: CA$0 (vs CA$0.003 in 2Q 2024) Second quarter 2025 results: EPS: CA$0 (down from CA$0.003 in 2Q 2024). Revenue: CA$8.67m (up 22% from 2Q 2024). Net income: CA$13.0k (down 97% from 2Q 2024). Profit margin: 0.1% (down from 6.5% in 2Q 2024). The decrease in margin was driven by higher expenses. Revenue is forecast to grow 26% p.a. on average during the next 2 years, compared to a 7.8% growth forecast for the Machinery industry in Canada. Over the last 3 years on average, earnings per share has increased by 91% per year but the company’s share price has only increased by 7% per year, which means it is significantly lagging earnings growth. Announcement • Jan 15
Thermal Energy International Inc. to Report Q2, 2025 Results on Jan 28, 2025 Thermal Energy International Inc. announced that they will report Q2, 2025 results Pre-Market on Jan 28, 2025 Recent Insider Transactions • Nov 07
President recently bought CA$100k worth of stock On the 6th of November, William Crossland bought around 500k shares on-market at roughly CA$0.20 per share. This transaction amounted to 7.1% of their direct individual holding at the time of the trade. This was the largest purchase by an insider in the last 3 months. Despite this recent buy, William has been a net seller over the last 12 months, reducing personal holdings by CA$327k. Reported Earnings • Nov 01
First quarter 2025 earnings released: EPS: CA$0.002 (vs CA$0.001 in 1Q 2024) First quarter 2025 results: EPS: CA$0.002 (up from CA$0.001 in 1Q 2024). Revenue: CA$8.47m (up 63% from 1Q 2024). Net income: CA$278.3k (up 75% from 1Q 2024). Profit margin: 3.3% (up from 3.1% in 1Q 2024). The increase in margin was driven by higher revenue. Revenue is forecast to grow 28% p.a. on average during the next 2 years, compared to a 8.0% growth forecast for the Machinery industry in Canada. Over the last 3 years on average, earnings per share has increased by 81% per year but the company’s share price has only increased by 15% per year, which means it is significantly lagging earnings growth. Announcement • Oct 18
Thermal Energy International Inc. to Report Q1, 2025 Results on Oct 30, 2024 Thermal Energy International Inc. announced that they will report Q1, 2025 results Pre-Market on Oct 30, 2024 Reported Earnings • Sep 20
Full year 2024 earnings released: EPS: CA$0.006 (vs CA$0.004 in FY 2023) Full year 2024 results: EPS: CA$0.006 (up from CA$0.004 in FY 2023). Revenue: CA$25.9m (up 23% from FY 2023). Net income: CA$929.5k (up 30% from FY 2023). Profit margin: 3.6% (up from 3.4% in FY 2023). The increase in margin was driven by higher revenue. Revenue is forecast to grow 27% p.a. on average during the next 2 years, compared to a 9.1% growth forecast for the Machinery industry in Canada. Over the last 3 years on average, earnings per share has increased by 68% per year but the company’s share price has only increased by 8% per year, which means it is significantly lagging earnings growth. Announcement • Sep 16
Thermal Energy International Inc., Annual General Meeting, Nov 26, 2024 Thermal Energy International Inc., Annual General Meeting, Nov 26, 2024. Announcement • Sep 10
Thermal Energy International Inc. to Report Q4, 2024 Results on Sep 19, 2024 Thermal Energy International Inc. announced that they will report Q4, 2024 results at 9:30 AM, US Eastern Standard Time on Sep 19, 2024 Reported Earnings • Apr 27
Third quarter 2024 earnings released: EPS: CA$0 (vs CA$0.003 in 3Q 2023) Third quarter 2024 results: EPS: CA$0 (down from CA$0.003 in 3Q 2023). Revenue: CA$6.06m (up 8.2% from 3Q 2023). Net income: CA$29.0k (down 95% from 3Q 2023). Profit margin: 0.5% (down from 9.5% in 3Q 2023). The decrease in margin was driven by higher expenses. Revenue is forecast to grow 30% p.a. on average during the next 3 years, compared to a 7.9% growth forecast for the Machinery industry in Canada. Over the last 3 years on average, earnings per share has increased by 73% per year but the company’s share price has only increased by 10% per year, which means it is significantly lagging earnings growth. Announcement • Apr 12
Thermal Energy International Inc. to Report Q3, 2024 Results on Apr 25, 2024 Thermal Energy International Inc. announced that they will report Q3, 2024 results Pre-Market on Apr 25, 2024 Recent Insider Transactions Derivative • Mar 04
Chief Operating Officer exercised options and sold CA$60k worth of stock On the 28th of February, Robert Triebe exercised 331k options at a strike price of around CA$0.08 and sold these shares for an average price of CA$0.26 per share. This trade did not impact their existing holding. Since December 2023, Robert's direct individual holding has increased from 914.77k shares to 1.11m. Company insiders have collectively sold CA$1.1m more than they bought, via options and on-market transactions in the last 12 months. Recent Insider Transactions • Mar 04
President recently sold CA$82k worth of stock On the 29th of February, William Crossland sold around 300k shares on-market at roughly CA$0.27 per share. This transaction amounted to 4.1% of their direct individual holding at the time of the trade. This was the largest sale by an insider in the last 3 months. William has been a net seller over the last 12 months, reducing personal holdings by CA$395k. Board Change • Feb 14
Insufficient new directors No new directors have joined the board in the last 3 years. The company's board is composed of: No new directors. 1 experienced director. 4 highly experienced directors. Independent Chairman of the Board Bill White was the last director to join the board, commencing their role in 2016. The company’s insufficient board refreshment is considered a risk according to the Simply Wall St Risk Model. Reported Earnings • Oct 26
First quarter 2024 earnings released: EPS: CA$0.001 (vs CA$0.003 loss in 1Q 2023) First quarter 2024 results: EPS: CA$0.001 (up from CA$0.003 loss in 1Q 2023). Revenue: CA$5.18m (up 66% from 1Q 2023). Net income: CA$159.2k (up CA$671.9k from 1Q 2023). Profit margin: 3.1% (up from net loss in 1Q 2023). The move to profitability was driven by higher revenue. Over the last 3 years on average, earnings per share has increased by 48% per year but the company’s share price has only increased by 38% per year, which means it is significantly lagging earnings growth. Reported Earnings • Sep 27
Full year 2023 earnings released: EPS: CA$0.004 (vs CA$0.012 loss in FY 2022) Full year 2023 results: EPS: CA$0.004 (up from CA$0.012 loss in FY 2022). Revenue: CA$21.1m (up 33% from FY 2022). Net income: CA$718.0k (up CA$2.64m from FY 2022). Profit margin: 3.4% (up from net loss in FY 2022). The move to profitability was driven by higher revenue. Over the last 3 years on average, earnings per share has increased by 28% per year but the company’s share price has increased by 40% per year, which means it is tracking significantly ahead of earnings growth. Announcement • Sep 16
Thermal Energy International Inc., Annual General Meeting, Nov 21, 2023 Thermal Energy International Inc., Annual General Meeting, Nov 21, 2023. New Risk • Jun 17
New minor risk - Share price stability The company's share price has been volatile over the past 3 months. It is more volatile than 75% of Canadian stocks, typically moving 14% a week. This is considered a minor risk. Share price volatility indicates the stock is highly sensitive to market conditions or economic conditions rather than being sensitive to its own business performance, which may also be inconsistent. It also increases the risk of potential losses in the short term as the stock tends to have larger drops in price more frequently than other stocks. Currently, the following risks have been identified for the company: Major Risk Earnings have declined by 42% per year over the past 5 years. Minor Risks Share price has been volatile over the past 3 months (14% average weekly change). Market cap is less than US$100m (CA$22.2m market cap, or US$16.8m). Announcement • May 11
Thermal Energy International Inc. to Deliver Fifth Turn-Key Project for Global Nutrition Company Thermal Energy International Inc. has been commissioned by a global nutrition company to deliver a fifth Turn-key energy efficiency and carbon emission reduction solution. All figures are shown in CAD. This Turn-key FLU-ACE® heat recovery project (a repeatable application at other of the customer's sites across Europe and North America) is designed to recover waste energy from the dryer burner exhaust. The solution is expected to deliver an estimated 17% reduction in fuel use and greenhouse gas emissions saving the customer $490,000 annually and providing a 50% - 90% reduction in the emission of particulate matter and acid gases such as SO2. As a result, the customer has confidence they will remain below their EU ETS allowance to not only avoid fines or the need to purchase further allowances, but to bank or sell unused allowances, both providing better positioning to ride the volatility of the carbon market an improving the project payback. The project is expected to be completed and revenue earned within 9 months. Reported Earnings • Apr 27
Third quarter 2023 earnings released: EPS: CA$0.003 (vs CA$0.006 loss in 3Q 2022) Third quarter 2023 results: EPS: CA$0.003 (up from CA$0.006 loss in 3Q 2022). Revenue: CA$5.60m (up 61% from 3Q 2022). Net income: CA$530.6k (up CA$1.45m from 3Q 2022). Profit margin: 9.5% (up from net loss in 3Q 2022). Over the last 3 years on average, earnings per share has fallen by 18% per year but the company’s share price has increased by 13% per year, which means it is well ahead of earnings. Reported Earnings • Feb 01
Second quarter 2023 earnings released: CA$0.002 loss per share (vs CA$0.004 loss in 2Q 2022) Second quarter 2023 results: CA$0.002 loss per share (improved from CA$0.004 loss in 2Q 2022). Revenue: CA$4.16m (up 2.0% from 2Q 2022). Net loss: CA$265.5k (loss narrowed 60% from 2Q 2022). Over the last 3 years on average, earnings per share has fallen by 39% per year but the company’s share price has increased by 7% per year, which means it is well ahead of earnings. Board Change • Nov 16
Insufficient new directors No new directors have joined the board in the last 3 years. The company's board is composed of: No new directors. 1 experienced director. 4 highly experienced directors. Independent Chairman of the Board Bill White was the last director to join the board, commencing their role in 2016. The company’s insufficient board refreshment is considered a risk according to the Simply Wall St Risk Model. Reported Earnings • Sep 29
Full year 2022 earnings released Full year 2022 results: Revenue: CA$15.9m (up 3.6% from FY 2021). Net loss: CA$1.92m (down CA$2.12m from profit in FY 2021). Over the last 3 years on average, earnings per share has fallen by 38% per year but the company’s share price has increased by 12% per year, which means it is well ahead of earnings. Announcement • Aug 30
Thermal Energy International Inc., Annual General Meeting, Nov 22, 2022 Thermal Energy International Inc., Annual General Meeting, Nov 22, 2022. Announcement • Jul 06
Thermal Energy International Announces Demise of John Kelly, Board Member Thermal Energy International Inc. announced the death of John Kelly on June 28, 2022 at Saint Vincent Hospital in Ottawa. John was a member of the Board of Directors for 17 years and Chairman for 12 years, stepping down as the Chairman just in the December 2021. As Board Member and Chairman he worked tirelessly to advance the interests of the company and its shareholders. He provided the critical stability, leadership and sage guidance the Company needed to grow and prosper. He left his role as Chairman with the Company much stronger than it was when he assumed the role. John is recognized as a pioneer in Canadian technology sector and a giant in the Ottawa community. He was President and CEO of Clearford Industries Inc. from 2008 until 2009 and CEO of JetForm Corporation from 1995 until joining Reid Eddison in 1999, where he was a principal until 2008. From 2001 until 2007, Mr. Kelly was Chairman of NexInnovations Inc. Prior to that, he founded Why Interactive, was a founder of Computer Innovations Distribution Inc. and Nabu Network Corporation, and was also a founder of SHL Systemhouse Ltd. He was Co-Chair of Canadian Advanced Technology Alliance (CATA). He holds an honors B.B.A. degree in Finance (Iona College, New Rochelle, New York), an honours Law degree (University of Ottawa, Ottawa, Canada) and an honorary Doctorate from the University of Ottawa (Ottawa, Canada). Reported Earnings • May 01
Third quarter 2022 earnings released: CA$0.006 loss per share (vs CA$0 in 3Q 2021) Third quarter 2022 results: CA$0.006 loss per share (down from CA$0 in 3Q 2021). Revenue: CA$3.49m (down 6.5% from 3Q 2021). Net loss: CA$916.6k (loss widened CA$871.2k from 3Q 2021). Over the last 3 years on average, earnings per share has fallen by 40% per year but the company’s share price has increased by 15% per year, which means it is well ahead of earnings. Board Change • Apr 27
Insufficient new directors No new directors have joined the board in the last 3 years. The company's board is composed of: No new directors. 2 experienced directors. 4 highly experienced directors. Independent Chairman of the Board Bill White was the last director to join the board, commencing their role in 2016. The company’s insufficient board refreshment is considered a risk according to the Simply Wall St Risk Model. Reported Earnings • Jan 29
Second quarter 2022 earnings: Revenues and EPS in line with analyst expectations Second quarter 2022 results: CA$0.004 loss per share (down from CA$0.004 profit in 2Q 2021). Revenue: CA$4.08m (down 19% from 2Q 2021). Net loss: CA$657.3k (down 215% from profit in 2Q 2021). Revenue was in line with analyst estimates. Over the last 3 years on average, earnings per share has fallen by 45% per year but the company’s share price has increased by 12% per year, which means it is well ahead of earnings. Reported Earnings • Oct 28
First quarter 2022 earnings released: CA$0.001 loss per share (vs CA$0.001 loss in 1Q 2021) The company reported a solid first quarter result with reduced losses, improved revenues and improved control over expenses. First quarter 2022 results: Revenue: CA$3.88m (up 37% from 1Q 2021). Net loss: CA$181.4k (loss narrowed 19% from 1Q 2021). Over the last 3 years on average, earnings per share has fallen by 56% per year but the company’s share price has increased by 26% per year, which means it is well ahead of earnings. Reported Earnings • Sep 23
Full year 2021 earnings released: EPS CA$0.001 (vs CA$0.012 loss in FY 2020) The company reported a decent full year result with improved earnings and profit margins, although revenues were weaker. Full year 2021 results: Revenue: CA$15.3m (down 28% from FY 2020). Net income: CA$198.1k (up CA$2.10m from FY 2020). Profit margin: 1.3% (up from net loss in FY 2020). The move to profitability was driven by lower expenses. Over the last 3 years on average, the company's share price growth rate has exceeded its earnings growth rate by 109 percentage points per year, which is a significant difference in performance. Announcement • Jul 15
Thermal Energy International Inc. (TSXV:TMG) acquired All The Material Assets of Sofame Technologies. Thermal Energy International Inc. (TSXV:TMG) acquired All The Material Assets of Sofame Technologies on July 13, 2021. The acquisition includes all rights and title to Sofame’s five unique proprietary thermal energy efficiency and sustainability product lines, as well as all licenses, patents, trademarks, trade names, logos, corporate and product names, slogans, copyrights, trade secrets, drawings, specifications, designs, plans, books, records, distributor and vendor relationships and customer lists.
Thermal Energy International Inc. (TSXV:TMG) completed the acquisition of All The Material Assets of Sofame Technologies on July 13, 2021. Announcement • Feb 25
Thermal Energy International Helps Prominent Beer Company Brew Up More Emissions Reduction Thermal Energy International Inc. has been commissioned by a prominent multinational brewer to supply a turn-key heat recovery system to one of its North American sites. The system, valued at over $1,000,000, will feature two of Thermal Energy's proprietary heat recovery technologies, working in tandem to reduce fuel use and minimize carbon emissions. While it will be the first time these technologies have been applied to the sector in this way, the order represents an established market for Thermal Energy, with the Company now working with three of the top five brewers worldwide. By reducing the steam load, the project is expected to increase energy efficiency, reduce fuel use, and save an estimated 8 million litres of water annually, as well as reduce CO2 emissions by over 1,800 metric tonnes per year, which is equivalent to removing more than 380 cars from the road. The project provides a payback for the customer of just under 4 years. The turn-key project includes engineering, equipment, installation, commissioning, and training. The project is expected to be completed and revenue earned within nine months. Is New 90 Day High Low • Feb 09
New 90-day high: CA$0.24 The company is up 188% from its price of CA$0.085 on 09 November 2020. The Canadian market is up 12% over the last 90 days, indicating the company outperformed over that time. It also outperformed the Machinery industry, which is up 79% over the same period. Is New 90 Day High Low • Feb 05
New 90-day high: CA$0.21 The company is up 187% from its price of CA$0.075 on 06 November 2020. The Canadian market is up 13% over the last 90 days, indicating the company outperformed over that time. It also outperformed the Machinery industry, which is up 75% over the same period. Reported Earnings • Jan 28
Second quarter 2021 earnings released: EPS CA$0.004 (vs CA$0.002 in 2Q 2020) The company reported a decent second quarter result with improved earnings and profit margins, although revenues were weaker. Second quarter 2021 results: Revenue: CA$5.02m (down 36% from 2Q 2020). Net income: CA$569.3k (up 54% from 2Q 2020). Profit margin: 11% (up from 4.7% in 2Q 2020). Over the last 3 years on average, earnings per share has fallen by 83% per year but the company’s share price has increased by 24% per year, which means it is well ahead of earnings. Is New 90 Day High Low • Jan 27
New 90-day high: CA$0.20 The company is up 156% from its price of CA$0.08 on 28 October 2020. The Canadian market is up 18% over the last 90 days, indicating the company outperformed over that time. It also outperformed the Machinery industry, which is up 87% over the same period. Announcement • Jan 20
Thermal Energy International Supports Canadian Hospital's Energy Efficiency Goals Thermal Energy International Inc. has been commissioned by a Canadian hospital to supply a heat recovery project. This equipment order, valued at over $770,000, was secured following a competitive tender process and once commissioned, is expected to deliver annual fuel savings of approximately $198,000 for the hospital, and reduce CO2 emissions by an estimated 1,115 metric tonnes per year. The annual emissions expected to be eliminated is equal to removing over 240 cars from the road, or eliminating the emissions from 6 railcars' worth of coal burned. The project is expected to be completed and revenue earned within nine months. Reported Earnings • Oct 31
First quarter earnings released Over the last 12 months the company has reported total losses of CA$2.37m, with losses widening by CA$2.25m from the prior year. Total revenue was CA$19.3m over the last 12 months, largely unchanged from the prior year. Announcement • Oct 08
Multinational Food Products Corporation Commissions Thermal Energy International Inc. to Install A Second Turn-Key, Energy-Saving Heat Recovery System Thermal Energy International Inc. has once again been commissioned by a multinational food products corporation to install a second turn-key, energy-saving heat recovery system. Building on the effective results from the first heat recovery unit installed last year on the manufacturer's boilers, this second FLU-ACE® heat recovery system, valued at approximately $840,000, is designed to increase the efficiency of the site's dryer. Recovering and repurposing energy currently lost through the dryer exhaust, the solution will provide heat for the makeup air to the dryer, as well as contribute to building heating. Delivering its estimated annual energy savings of over $310 thousand, the new dryer efficiency solution will provide the customer with a simple payback on investment of just under 3 years. Carbon emissions are also expected to be reduced by up to 1,304 tonnes by the site's second FLU-ACE®, resulting in a reduction of end-of-pipe particulate matter emissions by between 50% and 90%. The scope of this order covers all design, construction, installation, commissioning, and training for the system. The project is expected to be completed and revenue earned within 9 months. Announcement • Jul 20
Thermal Energy International Inc.(TSXV:TMG) dropped from S&P/TSX Venture Composite Index Thermal Energy International Inc.(TSXV:TMG) dropped from S&P/TSX Venture Composite Index 
