Terms of use



General

The information appearing on this website is for your general guidance. It is not intended to provide you with legal advice and is subject to change 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.

Disclaimer

THE INFORMATION, DOCUMENTS AND OTHER MATERIALS MADE AVAILABLE ON THIS SITE ARE PROVIDED “AS IS” WITHOUT ANY EXPRESS OR IMPLIED WARRANTIES OR CONDITIONS OF ANY KIND WHETHER ARISING BY LAW, USAGE OR TRADE.

The incorporation of (new) product attributes, as they may be discussed in materials posted on this website, into any release or upgrade of any Thermal Energy 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 Thermal Energy International Inc.

Documents available on this site

You may use and copy the documents made available on this website subject to the following:

  • Any copy of the document must contain the Copyright Notice that accompanies the document
  • You cannot alter the document
  • You can only use the document for your personal non-commercial use.

Links to third party sites

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

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 Thermal Energy International’s (“TEI”) 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 Thermal Energy relating to the contents of this website shall be governed by the laws of the Province of Ontario and exclusively by its courts.

Bill S-211 Report for the fiscal year ended May 31, 2023 

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 Labour and Child Labour 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, 2022 to May 31, 2023, the fiscal year ended May 31, 2023.

Access the report here.