OTTAWA, Dec. 23 /CNW/ - Thermal Energy International Inc. (TSX-V: TMG) (www.thermalenergy.com) ("Thermal Energy" or "the company"), is pleased to announce that over
the last 4 days it has received purchase orders totaling £374,167
(approximately CDN $584,000) from a major food manufacturer based in
the UK, to provide GEM® condensate return systems for use at 5 of its
manufacturing sites. The product associated with these orders is
expected to be shipped and the revenue recognized over the next 3
The customer manufactures a full range of branded and private label
products, from chilled and frozen products through to savoury, cakes
and baked products.The GEM® system is being utilized to reduce energy
and carbon emissions across one of the food manufacturer's main
divisions, as part of their commitment to reducing energy consumption
and carbon emissions.
These purchase orders followed 3 months of intensive steam metered
trials at one of the division's 12 food manufacturing sites. At the
trial site a complete condensate return system was converted over to a
GEM® system and metered analysis of both pre and post installation was
conducted to verify the energy reduction.
"Thermal Energy has again demonstrated its ability to innovatively
support its customers' objectives for energy and emission reductions by
delivering a program uniquely tailored to their needs" said Thermal
Energy President and CEO William Crossland. "We worked closely with
this major food manufacturer to confirm the energy saving capabilities
of the GEM® technology thereby allowing the customer to confidently
install the GEM® system at a number of sites simultaneously.
About Thermal Energy International Inc.
With offices in Ottawa, Canada and Bristol UK, Thermal Energy
International Inc. is an innovative clean technology 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's products include; GEM® - Steam traps and condensate return systems, FLU-ACE® - Direct contact condensing heat recovery, and Dry Rex™ - Low temperature biomass drying systems. Thermal Energy International
Inc. is also a fully accredited professional engineering firm, and
offers advanced process and applications engineering services.
FLU-ACE®, GEM®, DRY-REX®, THERMALONOx®, and THERMAL AUD® are trademarks
of Thermal Energy International Inc.
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, expected agreement on and
execution of definitive agreements, 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 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: For further information:
President and CEO