OTTAWA, Feb. 18 /CNW/ - Thermal Energy International Inc. (TSX-V: TMG) (www.thermalenergy.com) ("Thermal Energy" or "the company"), is pleased to announce that it
has received purchase orders totaling £445,041 (approximately CDN
$694,000) from a major food manufacturer based in the UK, to provide
GEM® condensate return systems for use at 5 of its manufacturing sites.
These orders are in addition to purchase orders from the same customer
totaling £374,167 (approximately CDN $584,000) which were announced
December 23, 1010. As a result since December 19, 2010 Thermal Energy
has received purchase orders from this customer totaling £819,208
(approximately CDN $1.3 million). This represents ten of the twelve
food manufacturing sites in one of this customer's divisions. The
product associated with all of these orders is expected to be shipped
and the revenue recognized over the next 6 months.
These purchase orders followed 3 months of intensive steam metered
trials at one of the division's food manufacturing sites. At the trial
site a complete condensate return system was converted over to a GEM®
system and metered analysis of both pre and post installation was
conducted to verify the energy reduction.
"The ongoing orders Thermal Energy is receiving from this important
customer is evidence of the customer's confidence in the capabilities
of the GEM® technology", said Thermal Energy President and CEO William
Crossland. "We worked closely with this major food manufacturer to
confirm the energy saving capabilities of the GEM® condensate return
system thereby allowing the customer to confidently install the GEM®
system at a number of its sites simultaneously."
The customer manufactures a full range of branded and private label
products, from chilled and frozen products through to savoury, cakes
and baked products.The GEM® system is being utilized to reduce energy
and carbon emissions across one of the food manufacturer's main
divisions, as part of their commitment to reducing energy consumption
and carbon emissions.
About Thermal Energy International Inc.
With offices in Ottawa, Canada and Bristol UK, Thermal Energy
International Inc. is an innovative clean technology company providing
a variety of proprietary and proven energy efficiency, emission
reduction, water efficiency and bioenergy products and solutions to the
industrial, commercial and institutional markets worldwide. Thermal
Energy's products include; GEM® - Steam traps and condensate return systems, FLU-ACE® - Direct contact condensing heat recovery, and Dry RexTM - Low temperature biomass drying systems. Thermal Energy International
Inc. is also a fully accredited professional engineering firm, and
offers advanced process and applications engineering services.
FLU-ACE®, GEM®, DRY-REX®, THERMALONOx®, and THERMAL AUD® are trademarks
of Thermal Energy International Inc.
To find out more about Thermal Energy International Inc. (TSX-V: TMG),
visit our website at http://www.thermalenergy.com.
NOTE: This press release contains forward-looking statements relating
to, and amongst other things, based on management's expectations,
estimates and projections with respect to, expected agreement on and
execution of definitive agreements, timing of installation and
implementation, the anticipated effectiveness of the Company's products
and services and the revenues to be received by the Company from the
project described. Statements with respect to anticipated effectiveness
of the Company's products and services are based on studies conducted
by the Company and third parties as well as the Company's experience
with similar installations for other customers. 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.
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.
SOURCE Thermal Energy International Inc.
For further information:
President and CEO