New Orders in Excess of $650,000 CAD for Refinery and Pharmaceutical
OTTAWA, June 9 /CNW Telbec/ - Thermal Energy International Inc.
(TSX-V:TMG) (www.thermalenergy.com) (the "Company" or "Thermal Energy") is
pleased to announce new GEM Condensate Return System contracts of notable
interest. The company has recently secured several important orders in new
developing territories for the GEM business including the Middle East and
The company has received an order from the Kuwait National Petroleum Corp
as part of a conversion to GEM trap technology at the companies Mina Al-Ahmadi
refinery located in Kuwait. The order is in excess of $450,000 CAD with
implementation expected early in the first quarter of FY 2010.
In addition, the company is pleased to report two new orders in China
from a European based global pharmaceutical corporation as part of its
world-wide strategy to upgrade to GEM technology at their plants. These orders
are for two of the company's plants located in North East China, and combined
are worth in excess of $200,000 CAD.
The company is also pleased to announce that it took part in a recent
Energy Efficiency and Emission Reduction Technology Exchange Conference held
in Nanchong, Chongqing China as a keynote presenter. Leaders from over 40 of
the largest industrial companies from throughout Sichuan Province attended.
During the conference, the company signed two letters of intent with Sichuan
Yanjing Beer and Yongshen Chemicals respectively for trial implementations of
the GEM Condensate Return system at their manufacturing sites in Chongqing
region. The following is a link to the Nanchong Municipal Government issued
news article covering the event: www.nczj.gov.cn/onews.asp?id=429 .
NOTE: This press release may contain forward-looking statements relating
to, and amongst other things, based on management's expectations, estimates
and projections. Such statements including those about the Company's strategy
for growth, product development, market position, expected expenditures and
financial results are forward looking statements. These statements are not
guarantees of future performance and involve a number of risks, uncertainties
and assumptions. Many factors could cause results to differ materially from
those stated. The Company disclaims any obligation to publicly update or
revise any such statements, except as required by applicable securities laws.
About Thermal Energy
Thermal Energy International Inc. is an innovative technology company
providing custom energy and emission reduction, and bioenergy solutions.
Headquartered in Ottawa, Canada, TEI is a designer, design build developer,
fabricator, owner, operator and supplier of proprietary and patented energy
conservation, renewable energy and environmental technology solutions. Thermal
Energy is a fully accredited professional engineering firm, and offers
advanced process and applications engineering services. The Company is a proud
member of the Chicago Climate Exchange (CCX). FLU-ACE(TM), DRY-REX(TM),
THERMALONOx(TM), THERMAL AUD(TM) and GEM(R) are trademarks of Thermal Energy
To find out more about Thermal Energy International Inc. (TSX-V: TMG),
visit our website at http://www.thermalenergy.com.
THE TSX VENTURE EXCHANGE HAS NOT REVIEWED AND DOES NOT ACCEPT
RESPONSIBILITY FOR THE ADEQUACY OR ACCURACY OF THIS RELEASE.
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For further information:
For further information: Tim Angus, President and CEO, (613) 723-6776