Thermal Energy International Inc. Stock Analysis TMG.V

Thermal Energy International, Inc. is a cleantech company which engages in energy efficiency and carbon emission reduction solutions. The company is headquartered in Ottawa, Ontario. The company went IPO on 2001-08-20. The company operates in North America and Europe but also sells its products and services through representative agents throughout the rest of the world. The company markets, sells, engineers, fabricates, constructs, installs and supports two technology lines, such as heat recovery solutions, including direct contact heat recovery solutions (FLU-ACE), indirect contact heat recovery solutions (HEATSPONGE and SIDEKICK), and condensate return system solutions (GEMTM steam traps). The company is also developing several other technology lines, including low temperature biomass drying systems (DRY-REX). Its proprietary solutions can recover up to 80% of energy lost in typical boiler plant and steam system operations. The company has two operational bases, one in Ottawa, Canada, covering North America, and the other in Bristol, United Kingdom, covering Europe and the rest of the world.