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.
OTTAWA, ONTARIO – December 6, 2021 –– Thermal Energy International Inc. (“Thermal Energy” Or the “Company”) (TSX-V: TMG, OTCQB: TMGEF), has announced the following change to its Board of Directors.
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. He will remain an active member of the Board of Directors going forward. As Chairman he has worked tirelessly to advance the interests of the Company and its shareholders. He provided the critical stability, leadership and sage guidance the Company needed to grow and prosper. He leaves his role as Chairman with the Company much stronger than it was when he assumed the role. The Board and Management of Thermal Energy are very appreciative of Mr. Kelly 's guidance, insights and leadership as Chairman over the last 12 years and look forward to his contributions going forward as a board member. William White has been appointed as Mr. Kelly’s successor. Mr. White has already proven himself to be a valuable and active member of TEI Board for five years and has extensive global leadership and public company director experience. He is currently the Chief Operating Officer for Woodland Biofuels, which is commercializing technology for low-cost bio-ethanol production, and Director and Chairman of CHAR Technologies, a catalytic desulfurization company. He served as Director and Chairman of Afexa Life Sciences from 2009-2011 and is also a past Director of Helix BioPharma Corp., Progressive Waste Management Solutions, and MaRS Discovery District. William had a 34-year career with E.I. du Pont de Nemours and Company, where he retired as the President of DuPont Canada in 2008 following progressive roles spanning senior management, sales, technical and operations, domestically and internationally. William chairs the advisory board for the Schulich Center of Excellence for Responsible Business and received his Institute of Corporate Directors (ICD.D) certification in 2012. Readers are encouraged to subscribe to TEI News to receive strategic news and updates directly to their inbox. For media enquiries contact: Thermal Energy International Inc. Canada: 613-723-6776 UK: +44 (0)117 917 217 Marketing@thermalenergy.com For investor enquiries: Thermal Energy International Inc. 613-723-6776 Investors@thermalenergy.com Notes to editors About Thermal Energy International Inc. Thermal Energy International Inc., ranked as one of Canada’s Top Growing Companies in 2021, 2020 and 2019, is an established global supplier of proprietary, proven energy efficiency and emissions reduction solutions to the industrial and institutional sectors. We save our customers money and improve their bottom line by reducing their fuel use and cutting their carbon emissions. Our customers include many Fortune 500 and other leading multinational companies across a wide range of industry sectors. Thermal Energy is a fully accredited professional engineering firm, and by providing a unique mix of proprietary products together with process, energy, and environmental engineering expertise, we can deliver unique turnkey projects with significant financial and environmental benefits for our customers. Thermal Energy's proprietary products include: GEM™ - Steam Traps, FLU-ACE® - Direct contact condensing heat recovery, HEATSPONGE – Indirect contact condensing heat recovery systems, and DRY-REX™ - Low temperature biomass drying systems. Thermal Energy has engineering offices in Ottawa, Canada, Pittsburgh, USA, as well as Bristol, UK, with sales offices in Canada, UK, USA, Germany, Poland, Italy, and China. TEI’s common shares are traded on the TSX Venture Exchange (TSX-V) under the symbol TMG and the OTCQB® Venture Market (“OTCQB”) in the United States operated by the OTC Markets Group Inc., under the symbol TMGEF. For more information, visit our website at www.thermalenergy.com and follow us on Twitter at twitter.com/GoThermalEnergy. Forward looking statements
This press release contains forward-looking statements relating to, and amongst other things, based on management’s expectations, estimates and projections, the anticipated effectiveness of the Company’s products and services and the timing of revenues to be received by the Company. For example, information as to the expected benefits to Thermal Energy International and its customers from the new facility are forward looking statements. 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 except as required by law. 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.