Cleantech firm Thermal Energy International (TSX-V:TMG) continues to score lucrative contracts.
The Ottawa-based company, which develops large-scale energy efficiency systems, announced this week it has landed a $2.3-million contract to install two of its proprietary heat-recovery systems at the European facilities of a multinational animal nutrition and agriculture company.
This will be Thermal’s second and third heat-recovery system installations at the unnamed customer’s production sites. The repeat customer also has the firm’s steam-trap systems installed at five of its sites across the world.
OBJ360 (Sponsored)
Touchdowns & Team Building: Why Ottawa’s Top Companies Are Hosting Events with the REDBLACKS
With a renewed roster and sold-out premium spaces in back-to-back seasons, the REDBLACKS are doubling down on game day experiences that aren’t just for die-hard fans, they’re for forward-thinking businesses
A new signature event is set to grace the Ottawa business and philanthropic calendar this summer. CHEO Foundation and the prestigious The Royal Ottawa Golf Club are proud to announce
Thermal CEO William Crossland said in a statement that the recurring business from this multinational customer speaks to the Ottawa company’s drive to become a “one-stop shop” for energy-efficiency installations.
This past year alone, Thermal Energy has announced numerous multimillion-dollar contracts with large customers, primarily in various sectors of the food and beverage industry. The firm reported second-quarter revenues of $5.2 million, an increase of 39 per cent year-over-year, with an order backlog of more than $10 million as of Jan. 29.
