Mr. William Crossland reports

THERMAL ENERGY RECEIVES $820 THOUSAND HEAT RECOVERY ORDER FROM TEACHING HOSPITAL

Thermal Energy International Inc. has received an $820,000 order from a teaching hospital for one of the company's proprietary FLU-ACE heat recovery systems. This system has been designed to significantly reduce the operating costs of the hospital as well as reduce the carbon footprint of the site. The project is expected to be completed and revenue earned over the next six months.

"This order is yet another example of why our hospital customers continue to choose thermal energy," said William Crossland, chief executive officer of Thermal Energy. "With best-in-class efficiency, high return on investment and a 20-plus-year track record, the FLU-ACE heat recovery systems are a proven solution for reducing operating costs and carbon emissions. By making hospitals greener and more energy efficient, hospitals can reallocate funds to where they matter most, providing excellent health care."

The FLU-ACE system will recover the energy from the waste heat generated in the flue gases of two gas-fired hot water boilers and an on-site cogeneration unit. The waste heat will be used to generate hot water for use in hydronic heating and domestic hot water. Once installed, the FLU-ACE system is expected to provide the teaching hospital with annual savings of approximately $220,000, while reducing greenhouse gas emissions by 1,007 tonnes per year.

About Thermal Energy International Inc.

Thermal Energy International is an established global supplier of proprietary, proven energy efficiency and emissions reduction solutions to the industrial and institutional sectors.

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