Thermal Energy International Inc.
Capital Structure
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in mil. unless spec.Company Description
- CEO
- William M. Crossland
- Full Time Employees
- 78
- Sector
- Producer manufacturing
- Industry
- Industrial machinery
- Address
- 36 Antares Drive Ottawa ON Canada K2E 7W5
- IPO Date
- Aug 20, 2001
- Website
- thermalenergy.com
- Similar Companies
- Business
- Thermal Energy International Inc. (TSXV:TMG) develops, engineers, manufactures and supplies energy efficiency, heat recovery and emission reduction solutions to industrial and institutional customers worldwide, including Fortune 500 multinationals in sectors such as food and beverage, pulp and paper, pharmaceuticals, chemicals, petrochemicals and hospitals; core products and services comprise GEM steam traps for condensate return; FLU-ACE direct contact condensing heat recovery systems that recycle boiler flue gas exhaust heat; DRY-REX low temperature biomass drying systems; HeatSponge and SIDEKICK indirect contact heat recovery solutions including boiler feedwater economizers, vent condensers, boiler blowdown heat recovery, heat recovery steam generators and air-to-air heat exchangers; and turnkey project design, implementation and commissioning services that deliver 10-30% energy savings, 1-5 year paybacks and up to 80% recovery of wasted boiler and steam system energy. Founded in 1991 and headquartered at 36 Antares Drive, Suite 850, Ottawa, Ontario, Canada K2E 7W5, the company maintains engineering and sales offices in Ottawa; Bristol, UK; Pittsburgh and Cheswick, Pennsylvania, USA; Italy; and China, enabling global operations across North America, Europe and other international markets. Recent developments include a December 2024 Master Services Agreement and February 2025 Project Development Agreement with a leading multinational pharmaceutical company, culminating in a $5.6 million turnkey heat recovery project at a US manufacturing facility announced in July 2025; a $1.4 million heat recovery project with a malted barley producer; multiple HeatSponge economizer orders including the seventh and eighth turnkey projects with a repeat customer and three two-stage units for a US site; a major HeatSponge order described as one of the largest and most technically challenging in subsidiary Boilerroom Equipment Inc.'s history; record order intake for fiscal 2026 first quarter following strong fiscal 2025 fourth quarter results; and a November 2025 grant of 3,334,000 stock options to officers and directors. Thermal Energy International, a fully accredited professional engineering firm and clean technology provider, acquired Boilerroom Equipment Inc. in 2018 to expand indirect heat recovery offerings and US distribution, and relocated to a larger 25,000 square foot manufacturing, distribution and administrative facility in Cheswick, Pennsylvania in 2021. The company's shares also trade on OTCQB under TMGEF.
Company News
Thermal Energy International to Present at Planet MicroCap Toronto
Thermal Energy International to Announce Fiscal 2027 First Quarter Results on October 27, 2026
Thermal Energy International Inc. (TMG:CA) Q4 2026 Earnings Call Transcript
Thermal Energy Reports Record Revenue and Profitability in Fiscal 2026
Thermal Energy International to Announce Fourth Quarter and Fiscal Year 2026 Results on September 22, 2026
Thermal Energy International to Present at Smallcap Discoveries in Vancouver on Tuesday, September 29, 2026
Thermal Energy Wins Three Heat Recovery Orders Totalling $2.1 Million with Global Nutrition Company
Thermal Energy International CEO Provides Letter to Shareholders
Thermal Energy Announces $1.8 Million Heat Recovery Order from International Premium Beer and Beverage Company
Thermal Energy International to Present at Planet MicroCap Las Vegas
Thermal Energy International to Present at the 2026 Canadian Climate Investor Conference
Thermal Energy International Inc. (TMG:CA) Q3 2026 Earnings Call Transcript
Thermal Energy Reports 62% Revenue Growth and Improved Profitability for the Third Quarter
Thermal Energy International to Announce Third Quarter Results on April 28, 2026
Thermal Energy International to Participate in TSX-Sponsored European Roadshow
Thermal Energy Wins $1 Million Turnkey Project --- Ninth with Global Nutrition Company
Thermal Energy International Inc. (TMG:CA) Q2 2026 Earnings Call Transcript
Thermal Energy Achieves Record Revenue and Improved Profitability in Second Quarter
Thermal Energy International to Announce Second Quarter Results on January 27, 2026
Thermal Energy Appoints Vincent Sands as Executive Vice President