Thermal Energy International Announces Grant of Stock Options
28 Mai 2014 - 10:59PM
Access Wire
OTTAWA, ON / ACCESSWIRE / May 28, 2014 / Thermal Energy
International Inc. ("Thermal Energy" or the "Company") (TSXV: TMG),
a global provider of energy efficiency and emission reduction
solutions, today announced that it has granted 1,516,360 options to
purchase common shares of the Company to officers of
the Company. These grants were made as part of an overall
remuneration and incentive program at the Company.
The stock options were granted
pursuant to the terms of the Company's stock option
plan, are exercisable at
$0.105 per share and have a five year
term. One third of the options will vest with the
optionee on each of the first three anniversaries of the date of
grant. Stock option grants are subject to necessary regulatory
approvals.
About Thermal Energy
International Inc.
Thermal
Energy International Inc. is an innovative cleantech company
providing a variety of proprietary and proven energy efficiency,
emission reduction, water efficiency, and bioenergy products and
solutions to the industrial, commercial and institutional markets
worldwide. Thermal Energy is also a fully accredited professional
engineering firm, and can offer advanced process and applications
engineering services. By providing a unique mix of proprietary
products together with process, energy, environmental, and
financial expertise Thermal Energy is able to deliver significant
financial and environmental benefits to its customers.
Thermal
Energy's products include; GEM(R) - Steam traps and condensate return systems,
FLU-ACE(R) - Direct contact condensing heat recovery, and
Dry
RexTM
- Low temperature biomass drying systems.
These award winning products are effective in a wide variety of
industries and application and have an excellent track record of
longevity, proven reliability and performance providing significant
energy savings, reduced GHG emissions, improved water efficiency,
lower maintenance costs, improved product quality and increased
production efficiency. Thermal Energy International Inc. has
offices in Ottawa, Canada as well as Bristol, U.K., United States,
Italy and China.
Follow Thermal Energy International on
Twitter at
http://twitter.com/GoThermalEnergy.
For more
information, visit our website at
www.thermalenergy.com.
William Crossland
President and CEO
Thermal Energy International
Inc.
613-723-6776
bill.crossland@thermalenergy.com
Trevor
Heisler
Investor
Relations
Heisler
Communications
416-500-8061
trevor@heislercommunications.com
# # #
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its Regulation Services Provider (as that term is defined in the
policies of the TSX Venture Exchange) accepts responsibility for
the adequacy or accuracy of this release.
SOURCE: Thermal Energy International Inc.
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