Alternative Energy

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TMG.V Profile (TSX VENTURE) Price close .26

Thermal Energy International http://www.thermalenergy.com
Thermal Energy (TSX VENTURE:TMG) "is an environmental and energy technology company established in 1986. Headquartered in Ottawa, Canada, TMG is a designer, developer, fabricator, and supplier of proprietary and patented environmental compliance (air) and energy conservation, renewable energy products and technology solutions. Thermal Energy is a fully accredited professional engineering firm, and offers advanced process and applications engineering services. FLU-ACE(R) is a registered trademark of Thermal Energy."

Main Partner: Johnson Controls (JCI)

The start of the year was good for TMG holders. 2005 started off with a new CEO Tim Angus from Johnson Controls and consecutive 52 week highs, panic selling ensued and drove down the price to .20. A month later claimed a new high of .42. Since then the PPS drifited to a low of .215 and a high of .39.
Johnson Control has been a key supporter of Thermal Energy and Flu-Ace, their main product.
For a detail description of Thermal’s product http://www.thermalenergy.com/solutions/sol_tech.html

Last Two Contracts

http://www.thermalenergy.com/pdf/press/NR05_08_02.pdf
http://www.thermalenergy.com/pdf/press/NR05_01_25.pdf

Last Private Placement done at .30 cents and raised $1 000 100
http://www.thermalenergy.com/pdf/press/NR05_05_24.pdf

Newest Director Jim Ansell received 250 000 shares at 26 cents, adding more credibility to the share price at these levels.
http://www.thermalenergy.com/pdf/press/NR05_09_12.pdf

Chart
Currently basing with support at the .24 range and resistance at .30. Bid side has been improving. Liquidity remains a problem with TMG right now. One large seller can seriously hamper TMG share price. However some of the indicators are starting to look interesting once again.