OTTAWA, June 4, 2012 /CNW/ - Thermal Energy International Inc. (TSXV:
TMG), a leading provider of custom energy and emission reduction
technologies for energy intensive industries worldwide, today announced
that it has been named to the 24th annual PROFIT 200 ranking of Canada's Fastest-Growing Companies by
PROFIT: Your Guide to Business Success.
"Our inclusion in this year's PROFIT 200 ranking is a strong testament
to our significant growth to date; and looking ahead we believe we are
well positioned for further success," said William Crossland, President
and CEO of Thermal Energy. "Our solutions enable our customers to
recognize significant energy cost savings, meeting an increasingly
important need for organizations worldwide. We will work to further
expand our footprint across North America and Europe, as well as target
new opportunities in other geographic regions by leveraging our growing
sales force and global distribution network."
"The PROFIT 200 companies are an inspiration to Canadian entrepreneurs
and would-be entrepreneurs," says Ian Porthsmouth, Editor-in-Chief of
PROFIT Magazine. "PROFIT is proud to celebrate the success of these
businesspeople, who, despite a challenging economy, have achieved
outstanding success in wide variety of fields."
Ranking Canada's Fastest-Growing Companies by five-year revenue growth,
the PROFIT 200 profiles the country's most successful growth companies.
Published in the Summer issue of PROFIT and online at PROFITguide.com,
the PROFIT 200 is Canada's largest annual celebration of
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 its 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
are effective in a wide variety of industries and application and have
an excellent track record of longevity, proven reliability and
performance providing 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 as well
as Bristol, UK, United States, Italy and China. To find out more about
Thermal Energy International Inc. (TSX-V: TMG), visit our website at
About PROFIT Magazine
PROFIT: Your Guide to Business Success is Canada's preeminent
publication dedicated to the management issues and opportunities facing
small and mid-sized businesses. For 30 years, Canadian entrepreneurs
and senior managers across a vast array of economic sectors have
remained loyal to PROFIT because it's a timely and reliable source of
actionable information that helps them achieve business success and get
the recognition they deserve for generating positive economic and
social change. Visit PROFIT online at PROFITguide.com.
Forward Looking Statements
This press release contains forward-looking statements relating to, and
amongst other things, based on management's expectations, estimates and
projections with respect to future performance. 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 Thermal Energy's control, could cause events and results to differ
materially from those stated. Thermal Energy 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
Thermal Energy International Inc.
The Equicom Group