Thermal Energy International Inc

TSXV:TMGCanadaView on OTCQB

Oct 30, 2024

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• -- Earnings Flash (TMGEF) THERMAL ENERGY INTERNATIONAL Reports Fiscal Q1 Revenue $8.5M, vs. Street Est of $6.5M, from 7:12AM ET on Wednesday Oct 30, 2024 by MT Newswires

  7:12AM ET on Wednesday Oct 30, 2024 by MT Newswires
  Companies Mentioned: TMGEF
  07:12 AM EDT, 10/30/2024 (MT Newswires) -- ...

• Thermal Energy's First Quarter Results Highlighted by Record Revenue and Growing Profitability, from 7:03AM ET on Wednesday Oct 30, 2024 by Dow Jones

  7:03AM ET on Wednesday Oct 30, 2024 by Dow Jones
  Companies Mentioned: TMG, TMGEF
  
  This press release contains forward-looking statements relating to, and amongst other things, based on management's expectations, estimates and projections, the anticipated effectiveness of the Company's products and services, the timing of revenues to be received by the Company, the expectation that orders in backlog will become revenue, the anticipated benefits of the Company's current efforts at training and business improvement efforts, opportunities for growth, the Company's belief that it can capitalize on opportunities, the size of markets and opportunities open to the Company and expectations that order intake will bounce back.. Information as to the amount of heat recovered, energy savings and payback period associated with Thermal Energy International's products are based on the Company's own testing and average customer results to date. Statements relating to the expected installation and revenue recognition for projects, statements about the anticipated effectiveness and lifespan of the Company's products, statements about the expected environmental effects and cost savings associated with the Company's products and statements about the Company's ability to cross-sell its products and sell to more sites are forward-looking statements. These statements are not guarantees of future performance and involve a number of risks, uncertainties and assumptions. Many factors, some of which are outside of the Company's control, could cause events and results to differ materially from those stated. Fulfilment of orders, installation of product and activation of product could all be delayed for a number of reasons, some of which are outside of the Company's control, which would result in anticipated revenues from such projects being delayed or in the most serious cases eliminated. Actions taken by the Company's customers and factors inherent in the customer's facilities but not anticipated by the Company can have a negative impact on the expected effectiveness and lifespan of the Company's products and on the expected environmental effects and cost savings expected from the Company's products. Any customer's willingness to purchase additional products from the Company and whether orders in the Company's backlog as described above will turn into revenue is dependent on many factors, some of which are outside of the Company's control, including but not limited to the customer's perceived needs and the continuing financial viability of the customer. The Company disclaims any obligation to publicly update or revise any such statements except as required by law. Readers are referred to the risk factors associated with the Company's business as described in the Company's most recent Management's Discussion and Analysis available at www.sedarplus.ca.