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E-WIRE PRESS RELEASE E-WIRE PRESS RELEASE E-WIRE PRESS RELEASE |
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For Immediate Release |
Thermal Energy International Inc. Forms Strategic Alliance with Alfa Laval Inc. |
To provide advanced renewable energy and environmental technology solutions to
industry. |
OTTAWA, ONTARIO, Jul. 3 -/E-Wire/-- Thermal Energy International Inc. (TSX Venture Exchange, stock symbol TMG, www.tse-cdnx.com) is pleased to announce that it has formed a strategic alliance with Alfa Laval Inc., a wholly owned subsidiary of Alfa Laval AB in Sweden (Alfa Laval AB is listed on the Stockholm exchange, stock symbol ALFA, www.alfalaval.com) to market integrated renewable energy and environmental solutions to industry.
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The agreement anticipates Alfa Laval Inc. introducing Thermal Energy and its advanced energy recovery and air pollution control solutions to Alfa Laval Inc.'s established industrial customer base. In return, Thermal Energy has agreed to preferentially design and integrate Alfa Laval's advanced heat exchanger products into the specific energy recovery solution to be implemented for the customer. This collaboration is seen by both companies as a response to an increasing demand by industry for advanced manufacturing processes, coupled with improved efficiency, reduced energy consumption and cost effective air pollution control.
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Alfa Laval Inc. was founded in 1899 in Canada and is headquartered in Scarborough, Ontario. Alfa Laval AB is a leading global provider of specialized products and engineered solutions. Alfa Laval AB has 9500 dedicated people in almost 100 countries, and sells its products to more than 20,000 customers including BASF, Bayer, BP, Heineken, and Tetra Laval. In 2001, Alfa Laval AB reported worldwide sales of $US 1.75 Billion.
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"We are pleased to ally with Thermal Energy International to promote Thermal Energy and Alfa Laval Inc. superior waste flue gas energy recovery and air pollution control solutions to our customers. Thermal Energy's renewable energy products and technology solutions will complement and expand our capabilities. This alliance is a Win-Win for both, ourselves and our customers, as the optimum solution can now be integrated to cost-effectively address their industrial process, production, automation, heat recovery, and air pollution mitigation needs", says Mohamed Abid, Applications & Products Specialist, Process Technology Division, Alfa Laval Inc.
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Thomas V. Hinke, President & CEO of Thermal Energy International Inc. stated: "We are very pleased and excited to be associated with Alfa Laval Inc., a subsidiary of a global leader and pioneer in advanced energy technology products and engineered solutions. This alliance represents an opportunity to work with a proven industry leader to efficiently market and grow our solutions business to selected industrial markets. Together, Thermal Energy and Alfa Laval Inc. will now promote and provide fully integrated solutions focused on generating major energy, environmental, and operational savings for industrial customers. The Alfa Laval Inc. alliance is very much complimentary to our other strategic alliances, and will further enhance our capabilities."
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Thermal Energy has a fifteen-year history of developing and providing both unique and cost effective combined energy recovery and air pollution control technology solutions for a variety of industrial process applications. Lately, Thermal Energy has been receiving increased interest from several industries including pulp and paper, food and beverage, automotive, and petrochemical sectors to recover high value heat from multiple stack sources while reducing regulated air pollutant emissions. Thermal Energy International Inc. is a leading provider to industry of unique cost-effective energy conservation and environmental compliance solutions headquartered in Ottawa, Canada. More on Thermal Energy can be found at www.thermalenergy.com. FLU-ACE‚ is a registered trademark of Thermal Energy. Common shares of Thermal Energy are traded on the Canadian Venture Exchange (CDNX) under the symbol TMG. The contents of this release have neither been approved or disapproved by the TSX Venture Exchange (or TSE-CDNX).
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For more information, please contact:
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Thomas V. Hinke, Ch.E., P. Eng. President & CEO Phone: 613-723-6776 E-mail: thinke@thermalenergy.com or Dr. Gustav L. Pliva, Ph.D., PMP Corporate Secretary, Product Manager Phone: 613-723-6776 E-mail: gpliva@thermalenergy.com
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/SOURCE:
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Thermal Energy International Inc. |
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07-03-2002 |
/CONTACT:
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Thomas V. Hinke, Ch.E., P. Eng., President & CEO, Phone: 613-723-6776, E-mail: thinke@thermalenergy.com |
| /WEB SITE: |
http://http://www.thermalenergy.com
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