Thermal Energy Announces $3.2 Million Turnkey Heat Recovery Order from Leading Multinational Frozen Food Company

Core Insights - Thermal Energy International Inc. has secured a CAD 3.2 million turnkey heat recovery order from a leading multinational frozen food company, indicating strong demand for its energy efficiency solutions [1][2] - The company previously completed a $1 million project with the same customer, showcasing a successful partnership and the effectiveness of its technology [2] - The revenue from this new order is expected to be recognized within twelve months, reflecting a positive outlook for the company's financial performance [3] Company Overview - Thermal Energy specializes in energy efficiency and carbon emission reduction solutions, primarily serving Fortune 500 and large multinational companies [4] - The company’s proprietary technologies can recover up to 80% of energy lost in typical boiler plant and steam system operations, providing significant financial and environmental benefits [4][5] - The food and beverage sector remains the largest source of business for Thermal Energy, with manufacturers committed to reducing carbon emissions [2] Market Potential - The customer has over 40 manufacturing sites globally, presenting substantial growth opportunities for Thermal Energy as the customer aims to meet aggressive greenhouse gas emission reduction targets [2] - The food and beverage industry is increasingly focused on sustainability, which aligns with Thermal Energy's offerings of high-impact sustainability solutions [2]