OTTAWA, ONTARIO – October 27, 2021 –– Thermal Energy International Inc. (“Thermal Energy” or the “Company”) (TSX-V: TMG, OTCQB: TMGEF), a provider of unique energy and carbon emission reduction solutions for major global corporations, is pleased to announce that it has retained Oak Hill Financial Inc. (“Oak Hill”) to provide investor relations services to the Company in compliance with regulatory guidelines. All figures are in Canadian dollars.
Oak Hill is a leading investor and financial advisory firm specializing in small-cap companies. Based in Toronto, its team has marketed corporate issuers ranging in market cap from $10M to $2B in a variety of different sectors to the retail brokerage channel and institutional networks. Oak Hill's team has extensive experience across equity capital markets, equity research, institutional equity sales and traditional investor relations - resulting in tailored and highly effective solutions.
Oak Hill will receive $18,000 for a trial term until December 17, 2021. The objective of the advisory services is to create and identify new investors of Thermal Energy International allowing the Company to build and maintain a larger and better-informed investor audience.
“With targets to reduce greenhouse gas emissions becoming more ambitious, and a large-scale reduction focused for 2030, the time to invest is now, as we continue to deliver high-profile projects for our expanding, global customer base. Together with Oak Hill, we can deliver a targeted and insightful investor relations program to an expanded group of Thermal Energy and ESG investors.” said William Crossland, CEO of Thermal Energy International.
Oak Hill currently has no direct or indirect interest in the securities of Thermal Energy International, or any right or intent to acquire such an interest.
The appointment of Oak Hill as an investor relations consultant of Thermal Energy International remains subject to approval of the TSX Venture Exchange.
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Thermal Energy International Inc.
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Thermal Energy International Inc.
Notes to editors
About Thermal Energy International Inc.
Thermal Energy International Inc., ranked as one of Canada’s Top Growing Companies in 2021, 2020 and 2019, is an established global supplier of proprietary, proven energy efficiency and emissions reduction solutions to the industrial and institutional sectors. We save our customers money and improve their bottom line by reducing their fuel use and cutting their carbon emissions. Our customers include many Fortune 500 and other leading multinational companies across a wide range of industry sectors.
Thermal Energy is a fully accredited professional engineering firm, and by providing a unique mix of proprietary products together with process, energy, and environmental engineering expertise, we can deliver unique turnkey projects with significant financial and environmental benefits for our customers.
Thermal Energy's proprietary products include: GEM™ - Steam Traps, FLU-ACE® - Direct contact condensing heat recovery, HEATSPONGE – Indirect contact condensing heat recovery systems, and DRY-REX™ - Low temperature biomass drying systems.
Thermal Energy has engineering offices in Ottawa, Canada, Pittsburgh, USA, as well as Bristol, UK, with sales offices in Canada, UK, USA, Germany, Poland and Italy. TEI’s common shares are traded on the TSX Venture Exchange (TSX-V) under the symbol TMG and the OTCQB® Venture Market (“OTCQB”) in the United States operated by the OTC Markets Group Inc., under the symbol TMGEF.
For more information, visit our website at www.thermalenergy.com and follow us on Twitter at twitter.com/GoThermalEnergy.
Forward looking 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 and the timing of revenues to be received by the Company. For example, information as to the expected benefits to Thermal Energy International and its investors from the engagement of Oak Hill are forward looking statements. These statements are not guarantees of future performance and involve a number of risks, uncertainties and assumptions. Many factors, some of which are outside of the Company’s control, could cause events and results to differ materially from those stated. The Company disclaims any obligation to publicly update or revise any such statements except as required by law.
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.