Mr. William Crossland reports

THERMAL ENERGY RECEIVES $1.8 MILLION MULTISITE GEM CONVERSION ORDER FROM MULTINATIONAL CONSUMER GOODS COMPANY

Thermal Energy International Inc. has received a $1.8-million multisite GEM project order from a multinational consumer goods company.

"This customer is rolling out GEM steam traps to sites across three continents after conducting their own savings and ROI, which is a clear indication of how much our customers trust that ours are the most efficient and reliable steam traps on the market," said William Crossland, Thermal Energy CEO.

With a clear integration of sustainability into its entire operation, this customer chose Thermal Energy's GEM steam traps for their reliability, efficiency, productivity, and excellent return on investment. This order covers a combination of partial and full site GEM conversions for five of its sites across Europe, North America, and South America.

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

About Thermal Energy International Inc.

Thermal Energy International Inc. provides energy efficiency and emissions reduction solutions to Fortune 500 and other large multinational companies. We save our customers money by reducing their fuel use and cutting their carbon emissions. Thermal Energy's proprietary and proven solutions can recover up to 80% of energy lost in typical boiler plant and steam system operations while delivering a high return on investment with a short, compelling payback.

Thermal Energy is a fully accredited professional engineering firm with engineering offices in Ottawa, Canada, Pittsburgh, USA, as well as Bristol, UK, with sales offices in Canada, UK, USA, Germany, Poland, and Italy. By providing a unique mix of proprietary products together with process, energy, and environmental engineering expertise, Thermal Energy can deliver unique, site-specific turnkey and custom engineered solutions with significant financial and environmental benefits for our customers.

Thermal Energy's common shares are traded on the TSX Venture Exchange (TSX-V) under the symbol TMG and on the OTCQB under the symbol TMGEF. For more information, visit our investor website at https://investors-thermalenergy.com or company website at www.thermalenergy.com and follow us on Twitter at https://twitter.com/GoThermalEnergy.

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