OTTAWA, ONTARIO – January 29, 2018 – Thermal Energy International Inc. (“Thermal Energy” or the “Company”) (TSXV: TMG), a global provider of industrial and institutional energy efficiency solutions, would like to provide a corporate update to shareholders from its CEO, William Crossland.
Letter to Shareholders
The first half of fiscal 2018 was strong for Thermal Energy International and it looks like this is shaping up to be a banner year for our company. Revenue for the first half of the year was up 31% to $6.8 million, and demand for our proprietary energy efficiency solutions is at an all-time high --- as evidenced by the receipt of the largest order in our history subsequent to the end of the first half and our current order backlog being at an all-time high. Our strong revenue growth and record-high order backlog are a testament to our growth strategy and the ability of our team to execute it.