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

Second heat recovery project with this multinational customer, which has over 40 manufacturing sites around the world

Ottawa, Ontario--(Newsfile Corp. - December 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, is pleased to announce that it has received a $3.2 million turnkey heat recovery order from a leading multinational frozen food company. All figures are shown in CAD.

"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," said William Crossland, CEO of Thermal Energy International. "Our first project with this customer, which was valued at approximately $1 million, included project development and design, detailed engineering and supply of a Flu-Ace, a HeatSponge and miscellaneous other equipment, but did not include turnkey installation. This latest order is for a full turnkey project. Importantly, with over 40 manufacturing sites around the world, we see very good potential with this customer, which has aggressive greenhouse gas emission reduction targets. The food and beverage sector continues to be the largest source of business for Thermal Energy, with manufacturers across the industry steadfastly committed to reducing their carbon emissions. Improving thermal energy efficiency provides some of the quickest and most cost-effective CO₂ mitigation options while also lowering energy billsⁱ. We're excited to support this customer, and the broader food and beverage industry, as they invest in our proprietary and proven, high-impact sustainability solutions."

Thermal Energy's proprietary, and proven technologies have wide applications in the food and beverage industry. Visit our website at www.thermalenergy.com/food-and-beverage.html to learn more and read our food and beverage case studies.

The revenue from this order is expected to be earned within twelve months.

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ENDS

 

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