OTTAWA, March 25 /CNW Telbec/ - Thermal Energy International Inc. (TSX-V: TMG) (www.thermalenergy.com) ("Thermal Energy" or the "Company") is pleased to announce that the Company and its former CFO Oliver Toffoli have settled a claim filed by Mr. Toffoli against the Company alleging wrongful dismissal and other damages related to Mr. Toffoli's past service with the Company. The terms of the settlement are confidential.
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, Thermal Energy 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. 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.
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: William Crossland, President & CEO, (613) 723-6776