Thermal Energy International Closes out the Fiscal Year with Record Order Intake for both GEM™ and HeatSponge Product Categories
OTTAWA, ONTARIO – June 7, 2021 – Thermal Energy International Inc. (“Thermal Energy or the “Company”) (TSXV: TMG), an innovative cleantech company and global provider of energy efficiency and emissions reduction solutions, has announced record order intake across both its GEM™ and HeatSponge product categories, for the financial year ended May 31, 2021. All figures are in Canadian dollars.
In a recent article, innovative financial media outlet, Benzinga discusses recent changes in the energy efficiency market and describes how innovative Canadian clean-technology company, Thermal Energy is uniquely positioned to support the growing number of companies and individual sites with carbon emissions targets.
On December 12, 2015, Canada and 194 other countries reached the Paris Agreement, an ambitious agreement to fight climate change. Five years later, almost to the day, Prime Minister Justin Trudeau released the government's strategy to reduce greenhouse gas (GHG) emissions to 30% below 2005 levels by 2030 (CBC News, 2021). The primary driver to deliver these carbon emission reductions is a steep hike in the federal carbon tax to $170 a tonne by 2030.
CEO Quarterly Overview
I am very proud of these latest financial results given the ongoing challenges we, like many global businesses, continue to cope with as part of COVID-19.
Thermal Energy International Announces Stand Out Order Intake and Growing Order Backlog in Third Quarter Results
On April 22, 2021 at 10:30 a.m. ET, William Crossland spoke on a 30-minute Panel discussing the Business Case for Reducing Emissions. He participated in discussions with other executive leadership of small cap stocks that are leading the way in clean technology to uncover the business reasons and benefits for reducing emissions.
OTTAWA, ONTARIO – April 7, 2021 – Thermal Energy International Inc. (“Thermal Energy” or the “Company”) (TSX-V: TMG), together with its wholly owned subsidiary, Boilerroom Equipment Inc. (“BEI”), has expanded to a larger administrative, manufacturing, and distribution centre in Cheswick, PA.