Mr. William Crossland reports

THERMAL ENERGY ANNOUNCES $1.4 MILLION HEAT RECOVERY PROJECT WITH MALTED BARLEY PRODUCER

Thermal Energy International Inc. has received an order from a European malted barley producer for a $1.4-million turnkey heat recovery project.

"After completing a successful project development agreement with this new customer, we're pleased to be moving forward with this turnkey heat recovery project to help the customer realize their energy savings and environmental goals," said William Crossland, chief executive officer of Thermal Energy International. "This customer produces high-quality malted barley, primarily for European breweries -- a market vertical we have had much success with over the years, including delivering energy saving projects across multiple sites at four of the top five breweries in the world. Our proprietary energy efficiency solutions offer malt barley producers, breweries and bottling operations a clear path to lower energy costs, reduced emissions and more sustainable production."

In addition to saving energy costs and reducing carbon emissions, this turnkey heat recovery project is expected to deliver a one-tonne reduction of annual NOx emissions (through reduced fuel consumption), as well as a 50-per-cent to 90-per-cent reduction in particulate matter (contributors to asthma and other respiratory diseases) and acid gases (SO2).

The project is expected to be completed and revenue earned within 12 months.

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.

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