Mr. William Crossland reports

THERMAL ENERGY RECEIVES FIRST ORDER FOR ITS NEW HYBRID FLU-ACE

Thermal Energy International Inc. has received a purchase order valued at approximately $1-million for a hybrid Flu-Ace from a privately owned meat processing plant in Europe. The turnkey project is expected to be completed and revenue earned within the next 12 months.

"The hybrid Flu-Ace is an ultrahigh-efficiency unit that is expected to reduce on-site fuel use for hot water by approximately 80 per cent, and fuel use for steam production by a further 20 per cent, delivering significant savings while reducing the customer's carbon emissions," said William Crossland, Thermal Energy chief executive officer. "This is our first order for a hybrid Flu-Ace, which is essentially a Flu-Ace-style heat recovery unit with a built-in Perco-Ace direct contact water heater. It uses waste heat, when available, to heat water. When there isn't enough waste heat, the natural-gas-fired burner kicks in to instantaneously deliver hot water with up to 99-per-cent combustion efficiency. Both the Perco-Ace and hybrid technologies were part of the Sofame Technologies intellectual property acquired in July, 2021."

Benefits of the Perco-Ace and Hybrid Flu-Ace:

• High efficiency:
  • 90-per-cent-to-99-per-cent fuel to hot water efficiency;
  • Hybrid unit allows the use of both waste heat and natural gas;
  • Low-carbon emissions and reduced emissions of atmospheric pollutants.
• Return on investment:
  • Lower cost than conventional steam boilers, hot water heaters and hydronic boilers;
  • Rapid unit start-up (instantaneous hot water production).
• Minimal maintenance:
  • Stainless steel, corrosion-resistant construction;
  • No supervision required (not a pressure vessel).

The project is expected to provide fuel savings of approximately $240,000 while reducing carbon dioxide emissions by 292 tonnes per year, resulting in additional financial savings of about $36,000 per year. The heat recovery component of the project could result in a 50-per-cent-to-90-per-cent reduction in particulate matter emissions (contributors to asthma and other respiratory diseases) and acid gasses (SO2).

About Thermal Energy International Inc.

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

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