$1,700,000 HEAT RECOVERY ORDER

Thermal Energy receives $1.7-million Flu-Ace order

2016-09-28 14:36 ET - News Release

Mr. William Crossland reports
THERMAL ENERGY RECEIVES $1,700,000 HEAT RECOVERY ORDER FROM LEADING PRODUCER OF INDUSTRIAL AND FUEL ALCOHOLS
Thermal Energy International Inc. has received a $1.7-million order from a leading producer of industrial and fuel alcohols for the supply and installation of one of Thermal Energy's proprietary Flu-Ace heat recovery systems at one of the customer's ethanol plants. The project is expected to be completed and revenue earned over the next six months.

"Our Flu-Ace heat recovery system will be used to heat a new greenhouse being built adjacent to one of the customer's ethanol plants," said William Crossland, chief executive officer of Thermal Energy. "The amount of energy this Flu-Ace system is estimated to recover and deliver to the greenhouse would be enough to power approximately 1,300 average North American homes. Furthermore, using the waste heat from the ethanol plant, that otherwise would have been lost, to heat the greenhouse is an innovative win-win that provides the greenhouse with an economic and carbon-neutral source of energy while providing the ethanol producer with an additional source of revenue."

Thermal Energy's Flu-Ace heat recovery technology has been implemented on dryer and boiler systems with great effectiveness in industrial facilities of many Fortune 500 and other leading multinational clients around the world. A series of related case studies and technical white papers demonstrating the energy efficiency and the environmental impact of the Flu-Ace technology are available on the company's website.

About Thermal Energy International
Thermal Energy is an established global supplier of proprietary, proven energy efficiency and emissions reduction solutions to the industrial and institutional sectors worldwide.
Thermal Energy is also a fully accredited professional engineering firm and can offer advanced process and applications engineering services.
Thermal Energy has offices in Ottawa, Canada, as well as Bristol, United Kingdom, United States, Italy and China.
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