Thermal Energy Receives $1 Million Turnkey Heat Recovery Order from Multinational Building Materials Company

  • Three two-stage HeatSponge boiler economizers to be installed at one of the customer's U.S. sites Ottawa, Ontario--(Newsfile Corp. - July 15, 2025) - Thermal Energy International Inc. (TSXV: TMG) (OTCQB: TMGEF) ("Thermal Energy" or the "Company"), a provider of innovative energy efficiency and carbon emission reduction solutions to major corporations around the world, today announced a turnkey heat recovery order valued at approximately $1 million from a leading multinational building materials company. The turnkey project will include the installation of three HeatSponge multi-pass two-stage boiler economizers proprietary to and developed by the Company's wholly owned subsidiary, Boilerroom Equipment Inc. All figures are shown in CAD.