Thermal Energy Announces $3.2 Million Turnkey Heat Recovery Order from Leading Multinational Frozen Food Company

Executive Summary

• Thermal Energy International Inc. announced receipt of a CAD $3.2 million turnkey heat‑recovery order from a leading multinational frozen‑food company.
• The order expands on a prior $1 million project with the same customer and will be executed as a full turnkey solution, with revenue expected to be recognized within twelve months.
• The contract underscores growing demand for Thermal Energy’s proprietary energy‑efficiency technologies in the food‑and‑beverage sector and supports the company’s growth outlook.

Key Details

• Order Value: CAD $3.2 million (turnkey heat recovery system).
• Customer: Leading multinational frozen‑food manufacturer with >40 global manufacturing sites; prior project valued at ~CAD $1 million (design & equipment supply only).
• Scope: Full turnkey delivery—including design, engineering, equipment supply, installation, and commissioning of proprietary HeatSponge and Flu‑Ace technologies.
• Revenue Timing: Expected to be earned within the next twelve months from contract signing.
• Strategic Significance: Demonstrates strong endorsement of Thermal Energy’s technology; highlights large addressable market in food & beverage industry seeking carbon‑reduction solutions.
• CEO Quote (William Crossland): Emphasized the project as “another strong endorsement of our proven technology and project expertise” and noted substantial growth potential given the customer’s aggressive GHG‑reduction targets.

Notable Quotes

“Stemming from our first heat recovery project with this customer at another site in 2024, this latest project is yet another strong endorsement of our proven technology and project expertise.” – William Crossland, CEO

No additional administrative or boilerplate information included.