Terms of Use | Thermal Energy International

Last Updated: May 4 2026

General

The information appearing on this website (the “Website”) is for your general guidance. It is not intended to provide you with legal advice and is subject to change by Thermal Energy International Inc. (“TEI”, “Company”, “we”, “us”, “our”) without notice. Please consult your own legal advisor before taking any action based on information appearing on this Website or any site to which it may be linked.

By accessing this web site, you are agreeing to be bound by these Terms of Use, all applicable laws and regulations, and agree that you are responsible for compliance with any applicable local laws. If you do not agree with any of these terms, you are prohibited from using or accessing this site.

Disclaimer

THE INFORMATION, DOCUMENTS AND OTHER MATERIALS MADE AVAILABLE ON THIS SITE ARE PROVIDED “AS IS” AND “AS AVAILABLE” WITHOUT ANY EXPRESS OR IMPLIED WARRANTIES OR CONDITIONS OF ANY KIND WHETHER ARISING BY LAW, USAGE OR TRADE. FURTHER, TEI DOES NOT WARRANT OR MAKE ANY REPRESENTATIONS CONCERNING THE ACCURACY, LIKELY RESULTS, OR RELIABILITY OF THE USE OF THE CONTENTS OR OTHERWISE RELATING TO THE CONTENTS OR ON ANY SITES LINKED TO THIS SITE.

The incorporation of (new) product attributes, as they may be discussed in materials posted on this Website, into any release or upgrade of any TEI solutions, technology or product offering as well as the timing and availability of the versions of these solutions or products —is solely at the discretion of TEI.

TEI Content

The Website and its contents may only be used in accordance with these Terms of Use. All materials displayed or performed on the Website are protected by copyright, trademark and other intellectual property laws. You shall abide by all copyright notices, trademark rules, information, and restrictions contained in any materials accessed through the Website, and shall not use, copy, reproduce, modify, translate, publish, broadcast, transmit, distribute, perform, upload, display, license, sell or otherwise exploit for any purposes whatsoever any materials on this Website or other proprietary rights not owned by you: (i) without the express prior written consent of the respective owners, and (ii) in any way that violates any third party right.

You may download or copy items displayed on the Website for download for personal non-commercial use only, provided that you maintain all copyright and other notices contained in such items. You shall not store any significant portion of any such items in any form. Copying or storing of any such items other than for personal, non-commercial use is expressly prohibited without prior written permission from TEI or from the copyright holder identified in any applicable copyright notice. If you link to the Website, TEI may revoke your right to so link at any time, at TEI's sole discretion.

Any comments or other feedback you provide to TEI through the site or otherwise is provided by you on a voluntary basis. TEI will be free to use such comments and feedback as it sees fit and without any obligation to you.

Links to third party sites

This website may contain hyperlinks, which will take you out of the TEI website and connect you to third party sites. TEI is providing these hyperlinks to you only as a convenience. The inclusion of any hyperlink does not imply endorsement by TEI of the site. These sites are not under the control of TEI and by accessing them, you do so at your own risk.

Limitation of Liability

TO THE EXTENT ALLOWED BY APPLICABLE LAW, IN NO EVENT SHALL TEI NOR ITS LICENSORS NOR SUPPLIERS BE LIABLE FOR ANY DAMAGES (INCLUDING, WITHOUT LIMITATION, INDIRECT, INCIDENTAL, SPECIAL OR CONSEQUENTIAL OR PUNITIVE DAMAGES OR FOR LOSS OF GOODWILL, DATA, PROFIT OR REVENUES, OR DUE TO BUSINESS INTERRUPTION), ARISING OUT OF THE USE OF OR INABILITY TO USE THE WEBSITE OR ANY OF ITS CONTENTS, DESPITE ANY THEORY OF LIABILITY, INCLUDING WITHOUT LIMITATION BASED ON WARRANTY, CONTRACT OR STATUTE EVEN IF TEI OR A TEI AUTHORISED REPRESENTATIVE HAS BEEN NOTIFIED ORALLY OR IN WRITING OF THE POSSIBILITY OF SUCH DAMAGE. IN NO EVENT SHALL TEI'S AGGREGATE LIABILITY HEREUNDER EXCEED CAD$500.00.

Indemnification

You agree to indemnify, defend and hold harmless TEI and its officers, directors, employees, consultants and agents from any and all third party claims, liability, damages and/or costs (including, but not limited to, legal fees) arising from your use of any aspect of this Website, your violation of these Terms of Use, or your infringement of any intellectual property or other right of any person or entity.

Disclaimer regarding forward-looking statements

This Website includes “forward-looking information”. For example, statements about the opportunities for repeat business; the possibility or expectation of additional orders; growth in existing markets; entry into new markets; order backlog; introduction of new products and services; establishment and growth of new distribution channels; growth opportunities and strategies; conversion of existing orders into revenues; are all forward looking information. Such forward looking information reflects TEI’s current expectations with respect to future events and are based on information currently available to management. Forward-looking information involves significant known and unknown risks, uncertainties and assumptions. For example, existing and new customers may not place orders for any number of reasons; fulfilment of orders, installation of product and activation of product could all be delayed for a number of reasons, some of which are outside of TEI’s control, which would result in anticipated revenues from such projects being delayed or in the most serious cases eliminated; TEI may not be successful in identifying and developing new products and our new or existing products may not result in new orders or gain acceptance in new geographical or industrial markets; we may not be successful in establishing new distribution channels or such new channels may not be successful; our growth strategies may not be successful or result in the anticipated growth and orders received by TEI may not turn into revenue in the time frame anticipated, or at all, due to many factors, some of which are outside of TEI’s control, including but not limited to TEI’s ability to deliver products on time and in accordance with specifications and the continuing financial viability of the customer. Readers are also referred to the risk factors outlined in our management’s discussion and analysis available at www.SEDAR.com. Should one or more of these risks or uncertainties materialize, or should assumptions underlying the forward-looking information prove incorrect, actual results, performance or achievements could vary materially from those expressed or implied by the forward-looking information contained in this presentation.

Readers should not place undue reliance on forward-looking information. The forward-looking information is made as of the date of this presentation and TEI does not assume any obligation to update or revise it to reflect new events or circumstances, except as required by law.

The term “EBITDAS” as used in the Company's financial disclosures is not a recognized measure under IFRS, does not have a standardized meaning prescribed by IFRS and is therefore unlikely to be comparable to similar measures presented by other companies. This measure is provided as additional information to complement IFRS measures by providing further understanding of the Company’s results of operations from management’s perspective and should not be considered in isolation nor as a substitute for analysis of our financial information reported under IFRS. Please refer to our management’s discussion and analysis for the applicable period for a reconciliation of EBITDAS to Net income (loss), the closest IFRS measure.

Governing laws and jurisdiction

This Website is controlled by Thermal Energy International Inc. in Ottawa, Ontario, Canada. By accessing this site, you agree that any legal matter that may arise between you and TEI relating to the contents of this Website shall be governed by the laws of the Province of Ontario and exclusively by its courts, without regard to its conflict of laws provisions. The parties agree that any legal proceeding arising out of or relating to this Agreement shall be conducted in the English language.

Changes to these Terms of Use

TEI may revise these Terms of Use at any time at its sole discretion. Notice will be provided by updating the “Last Updated” field at the top of these Terms of Use. By using this Website, you are agreeing to be bound by the then current version of these Terms of Use.

Language

This Agreement is executed in multiple languages, each of which shall be deemed authentic. In the event of any inconsistency, discrepancy, or conflict between the English version and any other language version, the English version shall govern, control, and prevail for all purposes.

Bill S-211 Report for the fiscal year ended May 31, 2024

This is a joint report by Thermal Energy International Inc. and all of its subsidiaries in order to comply with the Act to enact the Fighting Against Forced Labor and Child Labor in Supply Chains Act. The policies and descriptions contained herein are applicable to Thermal Energy International Inc. and its subsidiaries as a whole (hereinafter “Thermal Energy” or “the Company”). This report covers the period June 1, 2023 to May 31, 2024, the fiscal year ended May 31, 2024.

Access the report here.