07:58 AM EDT, 07/15/2025 (MT Newswires) -- Thermal Energy International ( TMGEF ) on Tuesday said it received a turnkey heat recovery order valued at approximately $1 million from a multinational building materials company.

The turnkey project will include the installation of three HeatSponge multi-pass two-stage boiler economizers, which are proprietary to and developed by the company's wholly owned subsidiary, Boilerroom Equipment, at one of the customer's U.S. sites.

The turnkey project, when completed, is expected to provide annual natural gas savings of 41,545 mmBTU while reducing greenhouse gas emissions by up to 2,202 metric tons CO2 per year, or 10% reduction of the site's total CO2 emissions.

The company expects the revenue from the order to be earned within 12 months and the gross margin for the project to be in line with historical amounts for its turnkey projects.

"This turnkey project, which originated from a Project Development Agreement signed in March of last year, will enhance the thermal efficiency of the site's three largest boilers," said Thermal Energy International's ( TMGEF ) Chief Executive Officer, William Crossland. "We look forward to building a strong relationship with this customer. Importantly, there are potentially additional opportunities for us not only at this location but also at six other U.S. manufacturing sites and several of their international facilities."