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Thermal Energy International ( (TSE:TMG) ) has provided an update.
Thermal Energy International has secured its largest engineering contract to date, valued at $500,000, with a major multinational pharmaceutical company for a potential heat recovery project. This deal marks the second significant engagement with a leading pharmaceutical company and reflects the firm’s strategic positioning in the industry. The project aligns with the pharmaceutical sector’s commitment to reducing carbon emissions, contributing to the United Nation’s Race to Zero campaign. This contract showcases Thermal Energy’s capacity to deliver extensive engineering solutions and highlights the untapped potential for large-scale heat recovery projects within the pharmaceutical industry.
More about Thermal Energy International
Thermal Energy International Inc. is a Canadian cleantech company that specializes in providing energy efficiency and carbon emission reduction solutions to major corporations globally. The company focuses on innovative systems like GEM steam traps and HeatSponge boiler economizers, assisting industries, particularly multinational pharmaceutical companies, in reducing energy costs and greenhouse gas emissions.
YTD Price Performance: -30.0%
Average Trading Volume: 225,270
Technical Sentiment Consensus Rating: Buy
Current Market Cap: C$25.1M
For detailed information about TMG stock, go to TipRanks’ Stock Analysis page.
