ThermoEnergy Books Over $1 Million in New Contracts in the First Quarter of 2011

WORCESTER, Mass., March 31, 2011 /PRNewswire/ -- ThermoEnergy Corporation (OTC Bulletin Board: TMEN), an industry leader in wastewater recovery and emissions-free combustion technologies, has announced that it has been awarded over $1 million in industrial system and service contracts during the first quarter of 2011 and sees a strong pipeline developing. The contracts include several service deals as well as a large contract for the sale of a CAST® metal recovery system.  The CAST system will be used to separate and recover for sale high-value metals from the customer's process water. The customer expects delivery of the system in the third quarter of this year.

(Logo: https://photos.prnewswire.com/prnh/20100816/CL50460LOGO )

"Our bookings during the first quarter are an indication that our sales team is now finding traction under the leadership of our new Vice President of Sales, Patrick Scalli," said ThermoEnergy President and CEO, Cary Bullock. "Patrick brings exceptional management skills and an outstanding track record in building sales pipelines and securing big-ticket contracts for technology products and services. In addition, now that we have resolved most of our past legacy issues, we are taking steps to focus on international markets such as China, where the pressing need for our CAST wastewater treatment systems offer tremendous near term business opportunities for the Company.  As a result, we are optimistic that the new sales team will continue to build momentum throughout the year and beyond."

Before joining ThermoEnergy, Mr. Scalli was a Principal at Navis Group, a business, technical and operational support organization.  Prior to that, he served as Vice President of Sales and Business Development at XENERGY, Inc., and at Trigen Energy Corp, a subsidiary of Veolia Energy. Over his career, Patrick has been responsible for or assisted in the development of over two billion dollars of business.

About ThermoEnergy

Founded in 1988, ThermoEnergy is a diversified technologies company engaged in the worldwide development, sales and commercialization of patented and/or proprietary municipal and industrial wastewater treatment and power generation technologies. Additional information on the Company and its technologies can be found on its website at www.thermoenergy.com.

THIS PRESS RELEASE INCLUDES STATEMENTS THAT MAY CONSTITUTE "FORWARD LOOKING" STATEMENTS, USUALLY CONTAINING THE WORDS "ESTIMATE", "PROJECT", "EXPECT" OR SIMILAR EXPRESSIONS. FORWARD LOOKING STATEMENTS INHERENTLY INVOLVE RISKS AND UNCERTAINTIES THAT COULD CAUSE ACTUAL RESULTS TO DIFFER MATERIALLY FROM CURRENT EXPECTATIONS. BY MAKING THESE FORWARD LOOKING STATEMENTS, THE COMPANY UNDERTAKES NO OBLIGATION TO UPDATE THESE STATEMENTS FOR REVISIONS OR CHANGES.

Media Relations Contact
Marc Bane: 978-443-2378
[email protected]

Investor Relations Contact
Thomas Walsh: 212-398-3486
[email protected]

SOURCE ThermoEnergy Corporation

WANT YOUR COMPANY'S NEWS FEATURED ON PRNEWSWIRE.COM?

440k+
Newsrooms &
Influencers

9k+
Digital Media
Outlets

270k+
Journalists
Opted In

GET STARTED