Topic: How To Invest

Pat: Can I have your recommendation on Thermal Energy International? Thanks.

Article Excerpt

Thermal Energy International, $0.05, symbol TMG on Toronto (Shares outstanding: 163.3 million; Market cap: $8.2 million; www.thermalenergy.com), makes systems that improve energy efficiency, lower emissions, cut water use and produce bioenergy. Its clients are in the industrial, commercial and institutional markets. Thermal Energy’s products include GEM steam traps and condensate return systems; the FLU-ACE heat-recovery system; and the Dry-Rex low-temperature biomass drying system. The company has recently signed a number of new contracts. These deals include a $750,000 contract for a heat-recovery system for a major hospital, which will reduce the facility’s carbon emissions and cut its steam requirements by 14%. Thermal Energy also entered into a $300,000 agreement to install a heat-recovery system at a food and beverage company. The company also has a number of FLU-ACE systems already installed at hospitals and pulp and paper plants, as well as GEM systems at food and beverage facilities. In the three months ended August 31, 2012, Thermal Energy’s revenue fell 39.8%, to $862,077…