First Tellurium Subsidiary PyroDelta Delivers Thermoelectric-enhanced Combustion Engine to U.S. Airboat Manufacturer

Executive Summary

• First Tellurium’s subsidiary PyroDelta Energy secured its first sale of a combustion‑engine‑driven thermoelectric module to a Florida‑based airboat manufacturer, marking entry into the growing airboat market.
• The transaction includes both the engine and the module; future sales will focus on modules only, creating a recurring revenue stream across multiple industries (tourism, SAR, military, environmental monitoring).
• Management cites this as a strategic step toward generating significant revenue and expanding applications for waste‑heat conversion technology.

Key Details

• Initial Sale: Engine + thermoelectric module sold to an airboat manufacturer in Florida; the module will power onboard electronics.
• Business Model Shift: Going forward, PyroDelta intends to sell modules only (not full engine‑module combos), enabling broader market penetration.
• Market Size & Growth: Global airboats market valued at US $240 million in 2025 with a projected CAGR of 3.12% through 2034. Eco‑friendly and hybrid models are gaining traction, especially among tourism operators (+12% adoption).
• Strategic Importance: CEO Tyrone Docherty highlighted the sale as “an important step in our growth strategy to generate significant revenue” and noted strong interest from diverse sectors for waste‑heat conversion solutions.
• Future Opportunities: Management expects additional sales across industries that can leverage temperature differentials for clean energy, expanding beyond airboats into other niche markets.

Notable Quotes

“We have made an initial sale to a Florida‑based airboat manufacturer… While selling the full engine and module combination is an exciting development for us, our business model going forward is to sell only the modules.” – Michael Abdelmaseh, Head Engineer, PyroDelta Energy

“This is an important step in our growth strategy to generate significant revenue going forward.” – Tyrone Docherty, President & CEO, First Tellurium Corp.