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Thermal Energy engineers, manufactures, and distributes products to customers all over the world from sites in Canada, the United States, and Europe. This new facility will add more strategic US capacity as well as global flexibility to the Company’s existing robust in-house and outsourced manufacturing capabilities.
The new location features approximately 25,000 square feet of warehouse and manufacturing space, plus additional office space for a growing team of US-based engineers. With convenient access to the airport and major western Pennsylvania highways, and a location only ten miles northeast of downtown Pittsburgh, PA, the new site will enable improved product shipping efficiency and world-wide distribution.
- $5.0 million in revenue, a 77% increase compared to Q1
- $2.4 million gross profit, up 84% compared to Q1
- EBITDA of $788 thousand compared to $15 thousand in Q1
- Net profit of $580 thousand compared to a net loss of $218 thousand in Q1
- Quarter-end cash balances of $4.9 million and working capital of $4.2 million
- Order intake continues to track significantly ahead of last year – up 103% compared to Q2 last year and up 66% on a year-to-date basis
The order includes major equipment, engineering, and commissioning and is valued at over $500,000. Thermal Energy will design and deliver a customized FLU-ACE® system for the customer’s Russian production facility. The FLU-ACE® will be integrated with, and improve the efficiency of, the biogas generation system already present at the site.
Imagine how much more merchandise a walmart can sell if it made a store 2.5X larger?
OTTAWA, ONTARIO – July 13, 2021 – Thermal Energy International Inc. (“Thermal Energy” or the “Company”) (TSX-V: TMG, OTCQB: TMGEF), an innovative cleantech company and global provider of energy efficiency and carbon emission reduction solutions, has acquired all the material assets of Sofame Technologies (“Sofame”) based in Montréal, QC.

The acquisition includes all rights and title to Sofame’s five unique proprietary thermal energy efficiency and sustainability product lines, as well as all: licenses, patents, trademarks, trade names, logos, corporate and product names, slogans, copyrights, trade secrets, drawings, specifications, designs, plans, books, records, distributor and vendor relationships and customer lists.
Sofame Technologies, established in 1984, has gained worldwide recognition for its innovative proprietary products, having received numerous industry awards including several from ASHRAE (American Society of Heating, Refrigerating and Air Conditioning Engineers).
The acquisition of Sofame will provide Thermal Energy with an expanded portfolio of complementary energy efficiency and carbon emission reduction solutions, as well as a significant project installation base – with hundreds of individual Sofame units installed across Canada, US and Europe.
whereas all the thermal compaines are around 5 times the market cap with 0 revenue. BEAT THAT
I could see this 2X or 3X in due time
More and more people will open their eyes to them