Third GEM Order from Healthcare Company is
Thermal Energy’s Largest To-Date
OTTAWA, ONTARIO – August 17, 2015 – Thermal Energy International Inc. (“Thermal Energy” or the
“Company”) (TSXV: TMG), a global provider of proprietary energy efficiency solutions to the industrial,
commercial and institutional sectors world-wide, today announced that it has received a $520 thousand
order for its proprietary GEM steam traps from a world-leading diversified healthcare company. The order
is expected to be fulfilled and revenue earned over the next six months.
“This is the largest GEM order we have ever received and the third GEM order from this customer,” said
William Crossland, CEO of Thermal Energy. “The steam traps being ordered will be replacing mechanical
traps from another manufacturer. Our venturi orifice designed GEM steam traps are engineered and
properly sized to maximize the energy saved compared to conventional mechanical traps. As a result, we
expect the new traps to be installed from this order to yield additional cost savings of approximately $494
thousand per year, while reducing the plant’s annual carbon emissions by a further 1,366 tonnes
annually.”
Mr. Crossland said: “All three orders to-date from this customer are for replacing another manufacturer’s
traps at one site. This customer is a global company with annual revenues in excess of $50 billion and
with many more sites around the world. As such, we hope to win more business from this customer as our
relationship continues to develop.”
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