ThermoEnergy Secures Financing from Bullish Shareholders

WORCESTER, Mass., Dec. 13, 2011 /PRNewswire/ -- ThermoEnergy Corp.(OTCBB: TMEN), a diversified technologies company engaged in the development and sales of disruptive wastewater recovery and power generation technologies in global markets, has announced that The Company has received an aggregate of $1,250,000 in interim financing from Robert S. Trump and investment funds managed by Empire Capital Management, LLC.  The financing is in the form of bridge loans which will be converted into a new series of ThermoEnergy's preferred stock on terms yet to be negotiated.

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"We believe that most of our long-time shareholders share our belief in the huge potential of our disruptive technologies and the tremendous market opportunities they offer," said ThermoEnergy Chairman and CEO, Cary Bullock. "We are delighted that some of them have continued to fund the company toward positive cash flow, expressing their trust and confidence in the management team's ability to succeed on behalf of all the shareholders."

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.

SOURCE ThermoEnergy Corp.