OTTAWA, June 28, 2011 /CNW/ - Thermal Energy International Inc,
(TSX-V:TMG) (www.thermalenergy.com) ("Thermal Energy") is pleased to announce that it has appointed Donald
R. Gibbs to its board of directors. Thermal Energy's board is now
comprised of John Kelly, William Crossland, James Ansell, Michael
Williams and Donald Gibbs.
Mr. Gibbs is the President, Chief Executive Officer and a director of
AirIQ Inc., a TSX Venture Exchange listed company specializing in
telematics services. He has a long history with Canadian technology
companies, staring his career with Leigh Instruments and then moving to
Mitel Corporation for eight years as its CFO and COO. During this
period Mitel was listed as a public company, was active on several
stock exchanges, and grew in sales revenue to $250 million. Later Mr.
Gibbs was appointed CFO of Cognos Inc. and held that position at the
time of Cognos' initial public offering. This was followed by a
position as President and CEO of Gandalf Systems Inc. He later founded
Positron Fibre Systems Corporation by spinning it out of a private
Montreal company. In three years Positron Fibre Systems went public on
NASDAQ and was sold for US$250 million. Prior to joining AirIQ, Mr.
Gibbs was Chairman and CEO of Tarquin Group Inc., a TSX Venture
Exchange listed company.
"We are very pleased to have someone of Don's calibre and experience
joining the Board of Directors of Thermal Energy at this important
juncture in the company's history" said John Kelly, Chairman. "Don has
a solid track record of guiding early stage companies to success for
the benefit of all stakeholders and we look forward to him applying
these skills with Thermal Energy."
Mr. Gibbs' appointment satisfies the TSX Venture Exchange's requirement
that Thermal Energy add a new director to its board with TSX Venture
Exchange experience prior to June 29, 2011. This appointment remains
subject to regulatory approval.
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.
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.
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Thermal Energy International Inc.