(TheNewswire)
OTTAWA, ONTARIO – TheNewswire - January 9, 2023 – Thermal EnergyInternational Inc. (“ Thermal Energy ” or the “Company”) (TSXV: TMG ) , ( OTC: TMGEF ), a provider of innovative energy efficiencyand carbon emission reduction solutions to major corporations aroundthe world, today announced that Ken Harden has beenappointed Vice President of Sales for North America, effective January2, 2023.
Mr. Harden has over twenty years of executive sales, marketing,business development, and strategic planning leadership in technologyand industrial services. Many of these years were focused on sellingcarbon reduction and energy solutions, including complex,multi-faceted, multi-million-dollar, energy services agreementsincorporating onsite power production programs for buildings, solar,cogeneration and waste to energy as well as water and wastewatersystems.
W ith extensive experience leadingdirect sales teams and indirect sales networks (independent reps,distributors, and resellers), a t both largemultinationals and small energy technology start-ups, Mr. Harden hasled teams from 3 to 125 people and delivered annual revenues of up to$500 million.
Mr. Harden will assume responsibility for all ThermalEnergy’s North American sales channels including our existing teamof Area Sales Managers as well as the established network ofdistributors and manufacturers reps related to the acquired BoilerroomEquipment and Sofame Technology businesses.
“We sought an experienced sales managementprofessional to replicate the success of our sales leadership inEurope, and we are delighted to welcome Ken Harden to the ThermalEnergy team. As a proven positive agent of change, Ken brings a freshperspective for Thermal Energy to truly capitalize on theunprecedented market demand,” said William Crossland, Thermal EnergyCEO.
ENDS
For media enquiries contact:
Thermal Energy International Inc.
Canada: 613-723-6776
Marketing@thermalenergy.com
For media enquiries contact:
Thermal Energy International Inc.
Canada: 613-723-6776
Marketing@thermalenergy.com
For investor enquiries:
Thermal Energy International Inc.
613-723-6776
Investors@thermalenergy.com
Notes to editors
About Thermal Energy InternationalInc.
Thermal Energy International Inc., ranked as one of Canada’s TopGrowing Companies in 2021, 2020 and 2019, is an established globalsupplier of proprietary, proven energy efficiency and emissionsreduction solutions to the industrial and institutional sectors. Wesave our customers money and improve their bottom line by reducingtheir fuel use and cutting their carbon emissions. Our customersinclude many Fortune 500 and other leading multinational companiesacross a wide range of industry sectors.
Thermal Energy is a fully accredited professional engineering firm,and by providing a unique mix of proprietary products together withprocess, energy, and environmental engineering expertise, we candeliver unique turn-key energy and carbon emission reduction projectswith significant financial and environmental benefits for ourcustomers.
Thermal Energy's proprietary products include GEM™ - Steam Traps,FLU-ACE® - Direct contact condensing heat recovery, HEATSPONGE –Indirect contact condensing heat recovery systems, and DRY-REX™ -Low-temperature biomass drying systems.
Thermal Energy has engineering offices in Ottawa, Canada, Pittsburgh,USA, as well as Bristol, UK, with sales offices in Canada, UK, USA,Germany, Poland, Italy, and China. TEI’s common shares are traded onthe TSX Venture Exchange (TSX-V) under the symbol TMG and on theOTCQB® Venture Market (“OTCQB”) in the United States operated bythe OTC Markets Group Inc., under the symbol TMGEF.
For more information, visit our website at www.thermalenergy.com , our investor website atinvestors-thermalenergy.com or follow us on Twitter
Cautionary Statements
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 theCompany’s products and services, the timing of revenues to bereceived by the Company, the anticipated effects of COVID-19 on thebusiness, backlog and revenue, and the expectation that orders inbacklog will become revenue.
Information as to the amount of heat recovered, energy savings andpayback period associated with Thermal Energy International’sproducts are based on the Company’s own testing and average customerresults to date. Statements relating to the expected installation andrevenue recognition for projects, statements about the anticipatedeffectiveness and lifespan of the Company’s products, statementsabout the expected environmental effects and cost savings associatedwith the Company’s products and statements about the Company’sability to cross-sell its products and sell to more sites areforward-looking statements. These statements are not guarantees offuture performance and involve a number of risks, uncertainties andassumptions. Many factors, some of which are outside of theCompany’s control, could cause events and results to differmaterially from those stated. Fulfilment of orders, installation ofproducts and activation of products could all be delayed for a numberof reasons, some of which are outside of the Company’s control,which would result in anticipated revenues from such projects beingdelayed or in the most serious cases eliminated. Actions taken by theCompany’s customers and factors inherent in the customer’sfacilities but not anticipated by the Company can have a negativeimpact on the expected effectiveness and lifespan of the Company’sproducts and on the expected environmental effects and cost savingsexpected from the Company’s products. Any customer’s willingnessto purchase additional products from the Company and whether orders inthe Company’s backlog as described above will turn into revenue isdependent on many factors, some of which are outside of theCompany’s control, including but not limited to the customer’sperceived needs and the continuing financial viability of thecustomer. The Company disclaims any obligation to publicly update orrevise any such statements except as required by law. Readers arereferred to the risk factors associated with the Company’s businessas described in the Company’s most recent Management’s Discussionand Analysis available at www.SEDAR.com .
Neither TSX Venture Exchange nor itsRegulation Services Provider (as that term is defined in the policiesof the TSX Venture Exchange) accepts responsibility for the adequacyor accuracy of this release.
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