November 5, 2025 — Ottawa, Ontario — Leads & Copy —
Thermal Energy International Inc. (TSXV: TMG) (OTCQB: TMGEF) has received $1.5 million in orders for two turnkey heat recovery projects from a global nutrition company. The projects are expected to be completed within 12 months.
The orders come from an existing customer for a single U.S. site. Thermal Energy CEO William Crossland said the company has done about $13.6 million of business with the multinational company since 2019, including eight turnkey heat recovery projects at six sites and smaller orders for GEM, HeatSponge, and other products and services at 27 of the customer’s sites across nine countries.
The company expects gross margins to be in line with historical amounts for turnkey projects.
For investor enquiries:
William Crossland
President and CEO
Thermal Energy International Inc.
613-723-6776
Investors@thermalenergy.com
For media enquiries contact:
Marketing@thermalenergy.com
Thermal Energy International Inc.
Canada: 613-723-6776
UK: +44 (0)117 917 2179
Marketing@thermalenergy.com
Source: Thermal Energy International Inc.
