Mr. William Crossland reports

THERMAL ENERGY SECURES $1 MILLION FOLLOW-ON ORDER FOR HEAT RECOVERY PROJECT FROM GLOBAL PHARMACEUTICAL LEADER

Thermal Energy International Inc. has received a custom equipment order valued at just over $1-million from one of the world's largest pharmaceutical companies. This order stems from a project development agreement, which led to Thermal Energy's largest engineering contract to date, announced on Feb. 11, 2025. The equipment ordered includes the company's proprietary FLU-ACE heat recovery system.

"We are proud to continue our partnership with this global pharmaceutical leader and further support their sustainability initiatives through our proven heat recovery technology," said William Crossland, chief executive officer of Thermal Energy International. "As we disclosed back in February, this customer prefers to approve this project in stages. Having already completed the $500,000 in detailed engineering for this project, we are pleased to receive this follow-on order of $1-million for equipment, bringing our total order value to date to approximately $1.5-million for this project. This latest order is also a testament to the strength of our engineering expertise and the reputation our proven technologies have for driving energy efficiency gains and reducing carbon emissions. Our solutions align well with this customer's significant carbon emission reduction targets and commitment to the United Nation's Race to Zero campaign. We look forward to fostering a strong relationship with this customer, which has several manufacturing sites around the world that have the potential to benefit from our technologies."

The proprietary equipment ordered, is part of a multistage heat recovery project that, when completed, is expected to reduce the site's natural gas usage and related CO2 (carbon dioxide) emissions by 12.5 per cent, eliminating up to 2,038 metric tons CO2 per year.

About Thermal Energy International Inc.

Thermal Energy International provides energy efficiency and emissions reduction solutions to Fortune 500 and other large multinational companies. The company 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.

Thermal Energy is a fully accredited professional engineering firm with engineering offices in Ottawa, Canada, Pittsburgh, United States, as well as Bristol, United Kingdom, with sales offices in Canada, U.K., U.S., 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 the company's customers.

Thermal Energy's common shares are traded on the TSX Venture Exchange under the symbol TMG and on the OTCQB under the symbol TMGEF.

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