OTTAWA, Dec. 22 /CNW Telbec/ - Thermal Energy International Inc. (TSX-V: TMG) (www.thermalenergy.com) ("Thermal Energy" or "the company") has received a Statement of Claim filed by former acting CFO, Mr. Oliver Toffoli in the amount of approximately $350,000 for wrongful dismissal and other damages related to Mr. Toffoli's services with the company. Thermal Energy believes it has acted reasonably to date and intends to vigorously defend the claim. The Statement of Claim is dated December 4th but the company only recently became aware of it.
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(R), DRY-REX(TM), THERMALONOx(TM), THERMAL-AUD(TM) and GEM(R) are trademarks of Thermal Energy International.
To find out more about Thermal Energy International Inc. (TSX-V: TMG), visit our website at www.thermalenergy.com.
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SOURCE Thermal Energy International Inc.
For further information: For further information: William Crossland, President & CEO, (613) 723-6776