Thermal Energy Signs $5.8 million Contract to provide FLU-ACE® Heat Recovery Solution

OTTAWA, June 16, 2011 /CNW/ - Thermal Energy International Inc, (TSX-V:TMG) (www.thermalenergy.com) ("Thermal Energy" or the "Company") is pleased to announce it has signed a contract valued at approximately $5.8 million with Fibrek to provide a FLU-ACE® heat recovery solution for its pulp mill located in Saint-Félicien, Québec.

This $5.8 million contract was signed following the successful completion of the funded project development phase pursuant to a project development agreement signed on January 24, 2011. Over the last four months, Thermal Energy together with Fibrek identified, developed and designed the optimum heat recovery project for Fibrek's Saint-Félicien mill. Thermal Energy will install the FLU-ACE® heat recovery solution on the Saint-Félicien pulp machine. The system is designed to have an installed heat recovery capacity of 57 GJ/hour, and this recovered energy, equivalent to over 24,000 kg/hr of steam, will be used to save steam in various areas of the mill, making this steam available to drive turbines to make green electricity.

"This is the largest single order in the Company's history, and one of several projects completed in the Pulp and Paper industry over the last several years, which is evidence of the strong technical capabilities Thermal Energy has developed in this sector. Projects such as this one, which can often leverage government funding mechanisms, are consistent with our strategy to develop and implement large scale turnkey energy efficiency projects", said Thermal Energy President and CEO William Crossland.

TEI will commence the project immediately and expect to complete the project and recognize the majority of revenue over the next four quarters.

About Thermal Energy International Inc.

Thermal Energy International Inc. is an innovative cleantech 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 is also a fully accredited professional engineering firm, and can offer advanced process and applications engineering services. By providing a unique mix of proprietary products together with process, energy, environmental, and financial expertise, Thermal Energy is able to deliver significant financial and environmental benefits to our customers.  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. These award winning products have an excellent track record of longevity, proven reliability and performance and have been shown to provide significant energy savings, reduced GHG emissions, improved water efficiency, lower maintenance costs, improved product quality and increased production efficiency.  Thermal Energy International Inc. has offices in Ottawa, Canada, Bristol, UK and Guangzhou, China.

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, 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 THE 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:

William Crossland
Thermal Energy International Inc.
(613) 723-6776
bill.crossland@thermalenergy.com

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