Capital will support assets for green energy supply contracts
OTTAWA, Dec. 13 /CNW Telbec/ - Thermal Energy International Inc.
(TSX - V:TMG) (www.thermalenergy.com) is pleased to announce it has secured a
five-year, $2.5 million line of credit with the Toronto-Dominion Bank (TD
The credit facility is available to facilitate Thermal Energy's
co-investment in assets such as FLU-ACE(R) and DRY-REX(TM) systems to produce
the green energy required for the THERMAL-AUD(TM) Alternate Utility Delivery
Program offered through the Company's subsidiary ForEverGreen Energy Services
This is the Company's first commercial line of credit with a leading
financial institution. It is backed in part by Export Development Corporation,
subject to the use of funds on energy projects which contribute to
"We are very pleased that through this line of credit, two of Canada's
leading financial institutions have effectively endorsed our THERMAL-AUD(TM)
offering which enables customers to implement energy-saving solutions without
expending their own capital," said Thermal Energy President and CEO Tim Angus.
"This line of credit also forms a replicable model for future projects based
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) and THERMALOZOMAx(TM), THERMAL-AUD(TM) are trademarks of
Thermal Energy International. GEM(R) is a trademark used under exclusive
license from Gardner Energy Management Ltd.
THE TSX VENTURE EXCHANGE HAS NOT REVIEWED AND DOES NOT ACCEPT
RESPONSIBILITY FOR THE ADEQUACY OR ACCURACY OF THIS RELEASE.
For further information:
For further information: Stuart McCarthy, Investor Relations and
Communications, (613) 723-6776 x 220, email@example.com