Thermal Energy International Inc. (TMG.V)

TMG went up more than 17% today on double it’s average 3 month volume, in spite of profit-taking from midday. . This is NOT a fluke. This is in part due to exposure in the Planet Microcap Showcase, yet to come, and to the CEO’s, William Crossland, charisma. But it is mostly due to the fact that this company’s approach to decarbonizing the environment, is very practical. It is also a Win-Win-Win proposition. It is a Win for the client because they recuperate their costs usually within two years. It is a Win for TMG because they make money and their reputation grows. And it is a Win for you because your shares appreciate. Whichever way you look at it, it’s a good buy. In 3 years, this company’s shares will be worth around 7$. Mark my words. The WORLD needs more TMG, right now.

OTTAWA, ONTARIO - TheNewswire – April 7, 2021 – Thermal Energy International Inc. (“Thermal Energy” or the “Company”) (TSXV:TMG) (OTC:TMGEF) an innovative cleantech company and global provider of energy efficiency and emissions reduction solutions to companies worldwide, together with its wholly owned subsidiary, Boilerroom Equipment Inc. (“BEI”), has expanded to a larger administrative, manufacturing, and distribution centre in Cheswick, PA.

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.

Second-quarter financial highlights:

- $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

Thermal Energy International Acquires Sofame Technologies
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.