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Thermal Energy International Inc
Symbol TMG
Shares Issued 161,885,616
Close 2018-12-13 C$ 0.08
Market Cap C$ 12,950,849
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Thermal commissioned to add second Flu-Ace to system

2018-12-13 16:20 ET - News Release

Mr. William Crossland reports

THERMAL ENERGY IDENTIFIES NEW HEAT RECOVERY OPPORTUNITY FOR MULTINATIONAL FOOD & BEVERAGE CORPORATION

Thermal Energy International Inc. has been commissioned by a multinational food and beverage conglomerate to add a second Flu-Ace to its existing heat recovery system. This heat recovery project, valued at approximately $2.4-million, is an extension to the company's proprietary Flu-Ace technology already deployed at the beverage processing plant. This newest project is expected to provide the multinational business with additional utility savings of approximately $415,000 per year. This figure encompasses natural gas savings of approximately $385,000 and a reduction in water usage of approximately eight million gallons annually, the equivalent to $30,000 a year.

Upon commissioning, Thermal Energy's combined Flu-Ace and GEM systems installed on site are expected to reduce the customer's fuel usage by 46 per cent and reduce carbon emissions by an estimated 5,000 tonnes annually. This is equivalent to the amount of energy saved by permanently removing more than 1,000 average passenger vehicles from the road.

The recovered heat will be used to displace steam currently heating the boiler makeup water and used within the production process. The scope of this order covers all design, construction, commissioning and training for the system.

"We have been working in partnership with this key account for a number of years. This is the latest in a series of projects with the company as it seeks to improve energy efficiency and site sustainability across a number of locations," said William Crossland, chief executive officer of Thermal Energy.

"For us, it also represents the first time that a second Flu-Ace has been installed at one of this key customer's sites. Often, the challenge heat recovery projects face is finding the best application to reuse the energy. However, by appreciating the business's full process requirements, we have identified additional sources and uses of the recovered heat.

"This Flu-Ace project is a great example of how our technology can evolve to support industry and of how our team of engineers works with sites to fully understand their needs in order to deliver the best results."

The project is expected to be completed and revenue earned within nine months.

About Thermal Energy International Inc.

Thermal Energy International is an established global supplier of proprietary, proven, energy efficiency and emission reduction solutions to the industrial and institutional sectors. It saves its customers money and improves their bottom line by reducing their fuel use and cutting their carbon emissions.

Thermal Energy is also a fully accredited professional engineering firm, and by providing a unique mix of proprietary products, together with process, energy and environmental engineering expertise, Thermal Energy is able to deliver unique turnkey projects with significant financial and environmental benefits for its customers.

Thermal Energy has engineering offices in Ottawa, Canada, and Pittsburgh, United States, as well as Bristol, United Kingdom, with sales offices in Canada, U.K., the U.S., Germany, Poland, Italy and China.

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