Purchase order worth about $300,000, company said
OTTAWA—Thermal Energy International Inc, a provider of custom energy and emission reduction technologies, has received a first purchase order for about $300,000 to install a heat recovery system at a food and beverage company. Thermal Energy said it expects to complete installation over the next two quarters. Thermal Energy is working at a number of additional sites developing both heat recovery systems and steam trap solutions for the company.
“The value that our heat recovery technology brings to the food and beverage sector is further highlighted by this project,” said William Crossland, president and CEO of Thermal Energy. “Even with natural gas prices at such low levels, our energy efficiency solutions can be implemented with attractive returns on investment. This order, together with the six other heat recovery projects announced over the last 12 months, demonstrates our successful effort to smooth out revenue quarter-to-quarter by focusing on projects of all sizes thereby reducing our dependence on single large contracts.”