Unique steam-saving technology also in trials with Canadian Federal
OTTAWA, June 28 /CNW Telbec/ - Thermal Energy International Inc.
(TSX-V: TMG) (www.thermalenergy.com) is pleased to announce it has reached an
agreement with Gardner Energy Management of Bristol, UK, to market its GEM(R)
Condensate Return System in China.
China represents a multi billion dollar market for condensate return
systems and is the fastest growing steam systems market in the world. Thermal
has been actively promoting the GEM(R) technology to large Chinese industrial
customers for several months and has active advanced proposals in place.
"China represents a magnificent opportunity for the retrofit and new
installation of the very unique GEM(R) technology," said Thermal Energy
President and CEO Tim Angus. "We are thrilled to have reached an agreement
with our partner Gardner Energy Management to market the technology in China."
A number of reports on steam audits in China's various industrial sectors
show significantly higher failure rates for traditional types of steam traps
than in North America or Europe. Some audits have shown failure rates in the
50% to 60% range.
The central Chinese government's National Development and Reform
Commission (NDRC) set a unit energy consumption reduction target of 20% for
the five-year period from 2006 to 2010. A list of energy-saving products is
being drawn up by the central government, the use of which will result in tax
preferences. Higher export taxes will be imposed to dissuade companies from
exporting goods that involve a high consumption of energy and cause serious
pollution. Thermal Energy hopes to have the GEM(R) system qualify for this
Thermal Energy is also pleased to have received an order from a key
Canadian Federal Government department for a trial of GEM(R) technology at an
Ontario facility with a large district heating system.
"We welcome this opportunity to install and demonstrate the benefits of
the GEM(R) technology with a government client," said Anthony Pugliese,
Thermal Energy VP Sales. "There are dozens of major district heating systems
in federal government facilities containing thousands of steam traps which
could be replaced with more efficient, permanent GEM(R) traps, providing
significant ongoing energy and CO2 reductions."
The GEM(R) Condensate Return System is the first major advancement in
steam trap technology in over 100 years. With no moving parts, the traps are
offered with an unprecedented 10-year, no-fail guarantee and offer up to
50% savings in the cost of steam production over traditional steam traps,
through reduced leakage and maintenance.
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) and THERMALOZOMAx(TM), THERMAL AUD(TM) are trademarks of
Thermal Energy International. GEM(R) is a trademark used under exclusive
license from Gardner Energy Management Ltd.
For more information about Thermal Energy International Inc.
(TSX-V: TMG), visit our website at www.thermalenergy.com.
THE TSX VENTURE EXCHANGE HAS NOT REVIEWED AND DOES NOT ACCEPT
RESPONSIBILITY FOR THE ADEQUACY OR ACCURACY OF THIS RELEASE.
For further information:
For further information: Stuart McCarthy, Thermal Energy International
Inc., Investor Relations and Communications, (613) 723-6776 x 220,