News
Third Quarter Results Highlighted by Continued Revenue Growth and Strong Momentum
Profitable cleantech company’s year-to-date results remain well ahead of a year ago
News
News
Thermal Energy International to Announce Fiscal 2024 Third Quarter Financial Results on April 25, 2024
Management will host an earnings conference call and webcast to review the financial results at 8:30 a.m. ET
News
Thermal Energy Spring Round Up
Our recent Spring round up email newsletter has just been circulated and it’s a great snapshot of what we have been up to at Thermal Energy recently.
Events
Thermal Energy International to Present at Clean/Renewable Energy Virtual Investor Conference February 22nd
Company invites individual and institutional investors, as well as advisors and analysts, to attend its presentation at VirtualInvestorConferences.com
Events
Thermal Energy International to Present at Small-Cap Growth Virtual Investor Conference February 7th
Company invites individual and institutional investors, as well as advisors and analysts, to attend Virtual Investor Conference at...
News
Thermal Energy International Reports 71% Revenue Growth and Improved Profitability in Second Quarter
Turn-Key Projects and Custom Equipment businesses up significantly year-over-year
News
Thermal Energy Receives First Order for its New Hybrid Flu-Ace
The combined Flu-Ace heat recovery unit and Perco-Ace direct fired water heater is expected to reduce the customer’s fuel use for hot water by 80%
News
Thermal Energy Subsidiary Receives Purchase Order for 8 Boiler Economizers
Multinational food processing company turns to Boilerroom Equipment, Inc.’s HeatSponge to replace failing economizers
Events
Thermal Energy Featured on Planet MicroCap
CEO discusses the company's recent resurgence and future growth
News
$3.7 Million Heat Recovery Order from One of Europe’s Largest Food and Drink Producers
Latest order confirms growing momentum into second half of fiscal 2024.
News
Thermal Energy International Announces Grant of Stock Options
Granted 1,760,000 options to purchase common shares to officers and directors of the Company as part of an overall remuneration and incentive program.
News
Relocating UK Operations to Meet Growing Demand for GEM Steam Traps
Larger production facility will more than double throughput capacity.
Press Release
Strong, Profitable Growth in First Quarter
Sharp uptick in order intake subsequent to quarter end.
News
$2.6 Million Heat Recovery Order from Multinational Dairy and Nutrition Company
The project is expected to deliver $1.2 million in annual fuel savings.
News
$1.9 Million in Repeat Business from Global Nutrition Company
This latest heat recovery order will be the sixth turn-key project with this customer since 2019.
Financial
Thermal Energy International’s CEO Provides Letter to Shareholders
CEO William Crossland shares his perspective on the past fiscal year, following the Q4 and year-end results.
Press Release
TEI Announces Letter to Shareholders from Chief Executive Officer
William Crossland provides his commentary on Thermal Energy’s fiscal 2023 fourth quarter and year end results and the Company’s outlook for fiscal...
Press Release
Fourth Quarter Revenue Growth of 84% Caps Banner Year
Company’s order intake up 130% in fiscal 2023.
News
$4 Million Turn-key Heat Recovery Order from Big Pharma
Two additional project development agreements underway with a global master services agreement.
Press Release
Record Order Intake in Fiscal Year Ended May 31, 2023
The Company received orders totalling $27.3 million during the twelve-month period, which was up 133% year-over-year for its fiscal year ended May...
News
$1.8 Million Multisite GEM Order for Consumer Goods Company
This order covers a combination of partial and full site GEM conversions for five of its sites across Europe, North America, and South America.
News
Fifth Turn-key Project for Global Nutrition Company
Expected 17% reduction in greenhouse gas emissions equates to $490,000 in annual savings.
Events
Thermal Energy to Present at TSX Clean Technology Investor Day
The event is open to members of the professional investment community, taking place May 17.
Press Release
Strongest Quarter in More Than Two Years
Financial results for the quarter ended February 28, 2023. Third quarter highlighted by profitable growth across all product categories.
News
Thermal Energy Retains Investor Relations Firm
Thermal Energy has retained MBC Capital Markets Advisors (“MBC”) to provide strategic investor relations services.
News
Thermal Energy to Present at the Emerging Growth Conference
CEO William Crossland will present from 12:35 pm to 1:05 pm Eastern time on March 22, 2023.
News
Thermal Energy International CEO Provides Half-Year Business Update
CEO William Crossland reflects on the latest business activity and record order intake figures. All figures are in Canadian dollars.
Press Release
TEI Announces Second Quarter Financial Results
Financial results for the quarter ended November 30, 2022
News
Record Order Intake for the First Six Months of Fiscal 2023
The Company uses the term ‘order intake’ to refer to the total value of purchase orders received by the Company in a given period.
News
Appointment of New Vice President of Sales for North America
Ken Harden has been appointed Vice President of Sales for North America, effective January 2, 2023.
News
Thermal Energy Announces Multisite GEM Project with Global Brewer
Thermal Energy has received a $500,000 multisite GEMTM project from a global brewer.
News
Second RBT® Wastewater Heat Recovery System for Textile Manufacturer
Second RBT® Wastewater Heat Recovery System for a Leading Textile Manufacturer.
News
Thermal Energy International Announces Grant of Stock Options
Granted 1,875,000 options to purchase common shares of the Company to officers of the Company as part of an overall remuneration and incentive...
News
Additional $1.5 Million Order For Leading Snack Manufacturer
With the $2.5 million announced last week the combined project is now valued at $4 million.
News
$2.5 Million Order For Leading Snack Manufacturer
Thermal Energy receives approx $2.5 million order for multi-site carbon reduction and energy efficiency solution.
News
TEI Collaborates with Electric Power Research Institute (EPRI)
Recognising Thermal Energy’s expertise in heat pump technology, COO Robert Triebe was invited to collaborate on a training webcast.
News
$1.4 million Project with Leading Cereal Manufacturer
TEI has been commissioned by a leading cereal manufacturer to implement a $1.4 million Turn-key heat recovery and carbon emission reduction project.
Press Release
Thermal Energy International Announces First Quarter Financial Results
Financial results for the quarter ended August 31, 2022.
News
$2.8 million Turn-key Project for Premium Beer Producer
Thermal Energy delivers a $2.8 million Turn-key Flu-Ace Heat Recovery and GEM Steam Trap project for a Premium Beer Producer.
News
Fourth Consecutive Turn-key Project by Global Nutrition Company
In total Thermal Energy has delivered over $5.1M in energy efficiency and carbon emission reduction solutions for this customer.
Press Release
Thermal Energy International Announces Annual Financial Results
Financial results for the year ended May 31, 2022.
News
TEI Starts Off the New Fiscal Year with Record GEM Order Intake
Thermal Energy has received over $1.5 million GEM stream trap orders in the last few weeks.
News
Major Equipment Order from Leading Textile Manufacturer
Major equipment order from a Leading Textile Manufacturer marking a milestone in acquisition integration strategy.
News
Leading European Meat Producer Commissions Turn-Key Project
Thermal Energy Commissioned to Deliver Innovative Energy and Carbon Emission Reduction Solution to Leading European Meat Producer.
Market
Food and Beverage Manufacturers Continued Response to Carbon Targets
Large food and beverage manufacturers continue to shape their businesses around energy and carbon reduction targets.
Market
Largest Investment for Climate Action in U.S. History
The U.S. Senate has approved a $700bn economic package that includes major legislation on climate action.
News
Thermal Energy Launches Carbon Consortium (TECC)
TECC facilitates knowledge sharing between non-competing industrial giants to help accelerate the adoption of carbon reduction approaches and...
News
Announcing the Passing of Board Member and Former Chairman John Kelly
John was a member of the Board of Directors for 17 years and Chairman for 12 years, stepping down as the Chairman just this past December.
News
Exclusive Agreement With Curtiss-Wright
Curtiss-Wright Signs Exclusive Agreement With TEI To Bring GEM Steam Traps to North American Nuclear Power Market and Department of Energy
Press Release
Third Quarter Financial Results Ending February 28, 2022
Record Custom Equipment orders and revenue and record Turn-key Project development indicate strong, growing demand from customers.
News
Thermal Energy International Provides Spring Business Update
Thermal Energy announces its intention to publish a business update following its second-quarter results.
News
Spring Business Update
Thermal Energy has published a business update following its second-quarter results.
News
Thermal Energy Joins Energy Buyers Coalition
Thermal Energy International has joined The Renewable Thermal Collaborative (RTC) as a sponsor.
News
Thermal Energy’s Venturi Technology Proven Safe and Effective
The effectiveness of Thermal Energy International’s GEM Venturi steam trap technology has once again been verified by a functional laboratory study,
News
Thermal Energy Publishes Whitepaper for TÜV SÜD
Thermal Energy has published a whitepaper for TÜV SÜD to inspire further trust in Venturi Steam Trap Technology.
News
Missouri Food Facility Pioneers HeatSponge Type III Configuration
BEI has pioneered new levels of heat recovery through their new and innovative design, previously unachievable in the standard packaged boiler...
News
Second Quarter Financial Results Ending November 30, 2021
Thermal Energy is continuing to invest in the future growth of the company to capitalize on the current favourable market conditions.
News
Thermal Energy Announces Board of Director Change
John Kelly has stepped down as Chairman of the Board. Mr. Kelly has been the Chairman of the Board of Directors of Thermal Energy for 12 years.
Events
Small Cap Growth Investor Presentations Now Available
Presentations from the December 2nd Small Cap Growth Virtual Investor Conference are now available for on-demand viewing.
Market
Multinationals look to TEI to help them deliver emission reductions
The attendance of corporate executives at the COP26 summit is telling of the mounting pressures placed on industries.
Events
Small Cap Growth Conference: Live Presentations on December 2nd
Virtual Investor Conferences, announced the presentations from the December 2nd Small Cap Growth Virtual Investor Conference are now available.
Events
TEI Announces Participation in the Q4 Virtual Investor Summit
TEI participating in Q4 investor summit where CEO will meet 1x1 with qualified investors.
News
Oak Hill Financial to Provide Investor Relations Services
Oak Hill Financial Inc. to provide investor relations services to Thermal Energy International in compliance with regulatory guidelines.
Press Release
Thermal Energy International Announces First Quarter Financial Results
The first quarter of this new financial year follows the significant impact the COVID-19 global pandemic had in fiscal 2021.
News
TEI Listed as One of Canada’s Top Growing Companies
Thermal Energy International listed as one of Canada's top growing companies for third consecutive year.
News
Thermal Energy International Announces Annual Financial Results
Thermal Energy is emerging not only stronger and more refined, but remain tenacious in their approach to ‘build back better’ for TEI and its...
News
Global Nutrition Company Turns to TEI for Carbon Emission Reduction
TEI has been commissioned by a multinational food products corporation to install a turn-key heat recovery solution.
Press Release
CEO Remains Optimistic About the Company’s Future in Year-End Review
CEO William Crossland reflects on the past fiscal year ahead of the Q4 and year-end results.
Press Release
CEO Remains Optimistic About the Company's Future in Year-End Review
CEO William Crossland share his unique perspective on the past fiscal year, ahead of the Q4 and year-end results in a year in review letter.
Events
TEI announces participation in the Q3 Virtual Investor Summit
Bill Crossland, CEO will be attending the Q3 Virtual Investor Summit.
Market
What the IPCC Climate Report Means for Global Industries
Thermal Energy International discusses the potential impact of the IPCC Climate Report on global industries.
News
Thermal Energy International Acquires Sofame Technologies
Thermal Energy International Acquires Sofame Technologies
Other
The Rise of Sustainable Investing
The market for sustainable investing has been steadily growing and in 2020, more than US $347 billion was poured into sustainable funds.
News
TEI to Begin Trading on the OTCQB Market in the United States
TEI common shares will commence trading at the market opening on the OTCQB on June 29, 2021 under the symbol TMGEF.
News
TEI ends the Fiscal Year with Record Order Intake
Thermal Energy International Closes out the Fiscal Year with Record Order Intake for both GEM™ and HeatSponge Product Categories
News
Thermal Energy International Announces Record Revenue and Profit
Thermal Energy International has announced its financial results for the third quarter ended February 29, 2020. All figures are in Canadian dollars.
Events
TEI Announces Upcoming Investor Conference Participation
William Crossland, Chief Executive Officer, will participate in two upcoming investor conferences.
News
Stand Out Order Intake and Growing Order Backlog in Third Quarter
Thermal Energy International Announces Stand Out Order Intake and Growing Order Backlog in Third Quarter Results
News
TEI Receives Second Heat Recovery Order
Thermal Energy Receives Second Heat Recovery Order From Leading Global Brewing Company.
News
TEI Expands
Thermal Energy Expands to New Larger Manufacturing, Distribution, and Administrative Centre in U.S.
News
Thermal Energy International Project and US Dairy Group
Major US Dairy Group Reaching Sustainability Goals with Second Thermal Energy International Project.
News
Helping Prominent Beer Company Brew Up More Emissions Reduction
Thermal Energy International Helps Prominent Beer Company Brew Up More Emissions Reduction.
News
Thermal Energy International Announces Strong Second Quarter Results
Thermal Energy International's latest financial results from the second quarter are extremely encouraging, with a rebound in revenue and...
News
TEI Supports Canadian Hospital’s Energy Efficiency Goals
Thermal Energy International has been commissioned by a Canadian hospital to supply a heat recovery project.
Events
TEI Announces Upcoming Investor Conference Participation
Benzinga Global SmallCap Conference, a virtual event taking place on December 8, 2020.
News
Promising Increase in Order Intake in First Quarter Results
Thermal Energy International has announced its financial results for the first quarter ended August 31, 2020. All figures are in Canadian dollars.
News
Emission Reduction and Efficiency Project with European Hospital Group
Thermal Energy International Secures Emission Reduction and Improved Efficiency Project with Leading European Hospital Group
News
Continued Success with Global Nutrition Company
Thermal Energy Builds on Continued Success with Global Nutrition Company.
News
Canada’s Top Growing Companies for second time
Thermal Energy International listed as one of Canada’s Top Growing Companies for second time in ranking from The Globe and Mail
News
Record Revenue, EBITDA, and Cash Flow for the Year
Thermal Energy International Announces Record Revenue, EBITDA, and Cash Flow for the Year.
News
Turn-key solution for one of Europe’s largest food and drinks groups
Thermal Energy International’s “Bolt-on” CHP Heat Recovery Solution to Optimize Leading Food Group’s Efficiency and Cut Emissions
News
Energy-Efficient Equipment Order from Leading Consumer Protein Company
Commissioned by a leading consumer protein company to supply energy-efficient equipment and engineering for a plant upgrade project.
News
Preliminary Guidance on Third Quarter Results
Thermal Energy Announces Interim Financial Statement Filing Extension and Preliminary Guidance on Third Quarter Results.
News
Second Quarter Financial Results Ending November 30, 2019.
“Strongest Results in Company History” – Thermal Energy International Announces Record Revenue and Profit with Latest Quarterly Figures
News
TEI Announces Grant of Stock Options
The stock options were granted pursuant to the terms of the Company’s stock option plan, have a 5-year term, and are exercisable at $0.09.
News
Thermal Energy International Announces Normal Course Issuer Bid
Thermal Energy International Inc has announced its intention to undertake a Normal Course Issuer Bid (the "Bid").
News
Tire Company Makes the Most of a Better Product with GEM Steam Traps
Thermal Energy has been commissioned by a leading tire manufacturing company at one of its major manufacturing sites to energy-efficient GEM™ steam...
News
Strongest First Quarter Profit in Company’s History
Thermal Energy International announces its financial results for the first quarter ended August 31, 2019. All figures are in Canadian dollars.
News
Standout Energy and Emissions Savings for Meat Processing Plant
Thermal Energy commissioned by a leading European meat processing company, to install an innovative heat recovery system.
News
One of Canada’s Top Growing Companies in The Globe and Mail
The Globe and Mail's report on business' inaugural ranking of Canadian companies is based on three-year revenue growth.
News
Strong Fourth Quarter Results and Record Year End Revenue
Thermal Energy International reports strong fourth-quarter results, a record year-end revenue and a record order backlog to begin the new year.
News
The ‘Formula’ For Energy Efficiency With Global Nutrition Company
Thermal Energy has been commissioned by a multinational food-products corporation to install a turn-key, energy saving heat recovery system.
News
Global Brewer Secures Greener Future With Heat Recovery System
Thermal Energy has been commissioned by a leading European brewer to install a high-efficiency heat recovery system.
News
First Heat Recovery Project with Multinational Snack Food Company
Thermal Energy has been commissioned by a leading snack food manufacturer to install a heat recovery system designed to support its sustainability...
News
Strong Year-to-Date Revenue Growth and a Record Level Order Book
Thermal Energy International has announced its third-quarter and year-to-date financial results for period ended February 28, 2019.
News
Landmark Project with Top 10 Global Tissue Company
Thermal Energy has received an order from a leading tissue manufacturer for a heat recovery system at one of its flagship production plants.
News
Further Heat Recovery Project from Leading Animal Nutrition Company
TEI has been commissioned by a leading multinational animal nutrition and agricultural products company to improve energy efficiency in Europe.
News
Thermal Energy Announces New Project in the Dairy Industry
TEI has been commissioned to design and implement an extensive heat recovery project with a major US dairy group.
News
Thermal Energy Reports First Half Revenue Growth of 76%
Financial results for the three-month (the “second quarter”) and six-month (the “first half” or “year-to-date”) periods ended November 30, 2018.
News
Heat Recovery Opportunity for Multinational Food & Beverage Company
TEI has been commissioned by a multinational food and beverage conglomerate to add a second FLU-ACE® to its existing heat recovery system.
News
Thermal Energy International Announces Grant of Stock Options
Granted pursuant to the terms of the Company's stock option plan, have a 5-year term and are exercisable at $0.08 per share.
News
Integrating Solar Thermal into Heat Recovery System
TEI has been commissioned to integrate a heat recovery process with a solar thermal water heating system.
News
Improving Site Efficiency for a Leading Chemicals Corporation
TEI has been commissioned by a leading speciality chemicals producer to design, manufacture and install a turnkey heat recovery project.
News
First Quarter Revenue Ended August 31, 2018
Financial results for the three-month period ended August 31, 2018, with a growth of 120% and a strong order backlog of $9.3 million.
News
CEO Letter to the Shareholders of Thermal Energy International
Corporate update to shareholders from its CEO, William Crossland on Fiscal 2018 and Beyond
News
$1.3M Order for Water Recovery System for Fortune 500 Corporation
TEI has been commissioned by a leading food and beverage company to implement a water recovery system as part of an ongoing sustainability drive.
News
Water and Heat Recovery Solution for Major Petrochemical Company
TEI has been selected to develop a water and heat recovery option for three proposed Canadian oil sand developments.
News
Record Revenue Highlights Strong Fiscal 2018
Financial results for the three-month (“Q4” or the “quarter”) and twelve-month (the “year”) periods ended May 31, 2018.
News
Thermal Energy announces appointment of Julia Zhang as CFO
TEI has announced that Jie (Julia) Zhang will be appointed Chief Financial Officer of the Company effective July 31, 2018.
News
Thermal Energy Acquires Boilerroom Equipment Inc
TEI has acquired all of the outstanding shares of privately held Boilerroom Equipment Inc. (“BEI”).
News
$1.2 Million Order from Leading Fortune 500 Food & Beverage Customer
TEI has received a $1.2 million order from a leading Fortune 500 food and beverage conglomerate, for another FLU-ACE® heat recovery system.
News
Third Quarter and Year-to-Date Financial Results
Financial results for the three months (Q3) and nine months (YTD) ended February 28, 2018 and $690,000 Heat Recovery Order.
News
$820 Thousand Heat Recovery Order from Teaching Hospital
TEI has received an $820 thousand order from a teaching hospital for one of the Company’s proprietary FLU-ACE® heat recovery systems.
News
First Half Revenue Growth of 31%
Financial results for the three-month (the “quarter”) and six-month (the “first half” or “year-to-date”) periods ended November 30, 2017.
News
$11 Million Energy Efficiency Project with Resolute Forest Products
The project was qualified for funding from the Ontario Centres of Excellence Target GHG program.
News
$11 Million Energy Efficiency Project with Pulp & Paper Customer
Resulting emissions reduction expected to be equivalent to preventing the burning of more than 21 million kilograms of coal per year
News
Thermal Energy International Hires Leading Industry Expert
Luc Mandeville hired as Senior Project Engineer.
Press Release
First Quarter Revenue for the three month period ended August 31, 2017
Thermal Energy Reports Record First Quarter Revenue with Growth of 45% and a Strong Order Backlog of $7.8 million.
News
$1.32 Million in Repeat Business from Hospital Group
$1.32 million heat recovery order from an existing hospital customer.
News
$1.46 Million Super-Efficient Cogeneration Heat Recovery Order
Fortune 500 food and beverage customer to implement a “Super-Efficient Cogeneration™” heat recovery project at one of its plants.
Press Release
Record Revenue and Gross Profit Highlight Strong Fiscal 2017 Results
Financial results for the three-month (“Q4” or the “quarter”) and twelve-month (the “year”) periods ended May 31, 2017.
News
Resignation of Kathy Milsom from Board of Directors
Kathy Milsom will be resigning from the Company’s Board of Directors, effective August 31, 2017
News
$1.82 Million Heat Recovery Order for Fortune 500 Food and Beverage Leader
The heat recovery system is expected to provide utility savings of $360 thousand per year, primarily in the form of natural gas savings.
Press Release
Third Quarter Financial Results and Growing Order Backlog
Financial results for the three months (Q3) and nine months (YTD) ended February 28, 2017.
News
$1.7 Million Heat Recovery Order from Major Hospital Group
This is the third heat recovery order received from this customer since they signed a corporate-level supply agreement with Thermal Energy in July of...
Press Release
23% Revenue Growth and Significantly Improved Profitability for Q2
Financial results for the three months (Q2) and six months (YTD) ended November 30, 2016.