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.
This year’s CHEO Telethon aims to ‘right-size’ pediatric care in Ottawa
Pediatric care is at a critical stage in Ottawa — and not just due to the pandemic, making the CHEO Telethon more important than ever.
Strader-Ferris International celebrates 70 years of success
After seven decades in business, Strader-Ferris’ customs, e-commerce and warehousing solutions keep on humming.
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.