Mr. William Crossland reports

THERMAL ENERGY RECEIVES $1.2 MILLION ORDER FROM LEADING FORTUNE 500 FOOD & BEVERAGE CUSTOMER

Thermal Energy International Inc. has received a $1.2-million order from one of its corporate accounts, a leading Fortune 500 food and beverage conglomerate, for another FLU-ACE heat recovery system. The project is expected to be completed and revenue earned over the next nine months.

"We are pleased to announce the receipt of another significant order from this corporate account," said William Crossland, chief executive officer of Thermal Energy. "This $1.2-million FLU-ACE order is the third substantial order from this customer in the past 12 months. Last summer we announced a $1.46-million superefficient cogeneration heat recovery project in August and a $1.82-million FLU-ACE order in July, 2017. Including this latest order, we have now sold our heat recovery systems to seven of this customer's sites, and have either partially or fully converted 28 of their sites over to our GEM venturi orifice steam traps. Importantly, all of our business with this customer to date has been with one division in one geographical area, and they have hundreds of sites across several divisions around the globe. With our products' wide applications in the food and beverage industry, this customer continues to choose Thermal Energy to help them reduce their energy costs while lowering their greenhouse gas emissions."

The FLU-ACE system will recover the energy from the waste heat generated in the flue gases of one of the onsite boilers. The waste heat recovered will be returned to process in the form of hot water. The FLU-ACE system is expected to provide the site with annual utility savings of approximately $245,000, while reducing greenhouse gas emissions by 2,085 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. The company saves its customers money and improves their bottom line by reducing their fuel use and cutting their carbon emissions.

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