Shares of Thermal Energy International Inc. (TSX-Venture:TMG) are perking higher to the tune of 10.53% in mid-afternoon trading as the provider of proprietary energy efficiency solutions to the industrial, commercial and institutional sectors announces that it has received a $1.32-million heat recovery order from an existing hospital customer. The order is expected to be completed and revenue earned over the next six months.
Including this project and previous orders and products installed to date, doing business with Thermal Energy International is expected to provide this group of hospitals with approximately $950,000 in annual savings, while reducing its carbon emissions by more than 3,900 tonnes per year.
With today’s strong share price performance on the back of the positive news, shares are continuing an uptrend that began back in mid-August with shares up 31.2% during that timeframe.
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