OTTAWA, ONTARIO – TheNewswire - July 5, 2022 –– It is with deep sadness that Thermal Energy International Inc. (“Thermal Energy” or the “Company”) (TSXV:TMG), (OTC:TMGEF), announces  the death of our colleague and dear friend, John Kelly, who passed away peacefully in his sleep on June 28, 2022 at Saint Vincent Hospital in Ottawa.

John was a member of the Board of Directors for 17 years and Chairman for 12 years, stepping down as the Chairman just this past December.  As Board Member and Chairman he worked tirelessly to advance the interests of the Company and its shareholders. He provided the critical stability, leadership and sage guidance the Company needed to grow and prosper. He left his role as Chairman with the Company much stronger than it was when he assumed the role. The Board, Management and Staff of Thermal Energy are very appreciative of John’s wise guidance, insights and leadership.  

“John assumed the role of Chairman at a very critical and challenging time in the Company’s history. Without his wise and thoughtful advice and calm guidance the Company may not have survived. I will forever be indebted for all he has taught me, both business and personal”, said William Crossland, President and CEO.

John is recognized as a pioneer in Canadian technology sector and a giant in the Ottawa community.  He was President and CEO of Clearford Industries Inc. from 2008 until 2009 and CEO of JetForm Corporation from 1995 until joining Reid Eddison in 1999, where he was a principal until 2008. From 2001 until 2007, Mr. Kelly was Chairman of NexInnovations Inc.  Prior to that, he founded Why Interactive, was a founder of Computer Innovations Distribution Inc. and Nabu Network Corporation, and was also a founder of SHL Systemhouse Ltd.  He was Co-Chair of Canadian Advanced Technology Alliance (CATA), Canada’s largest association representing the Canadian advanced technology industry to Government and the public. John received many many deserving honours and awards including Master Entrepreneur of the Year, Ontario (1997), Most Respected CEO, Ottawa (1998), Civic Entrepreneur of the Year, Ottawa (1999) and Ottawa’s Business Man of the Year (2001). In November 2004, Mr. Kelly was inducted into the Canadian Information Productivity Awards (CIPA) Hall of Fame and in May 2005, he received the United Way Volunteer of the Year Award.  He holds an honors B.B.A. degree in Finance (Iona College, New Rochelle, New York), an honours Law degree (University of Ottawa, Ottawa, Canada) and an honorary Doctorate from the University of Ottawa (Ottawa, Canada).

John was a trailblazer and entrepreneur in business and a dedicated community builder. He was a master orator and gifted story teller. But, above all else, he was kind, generous, humble and patient with everyone who crossed his path.

Those who are able to attend are invited to join the funeral and reception at 1pm on Wednesday, July 6 at the Beechwood Cemetery. The service will be live streamed following a user registration, available here. In lieu of flowers, donations can be made to the Heart Institute (http://foundation.ottawaheart.ca), the Centre for Health Innovation (http://thechi.ca/donors/), the Bruyère Foundation (https://www.bruyere.org/en/donate-now), or the charity of your choice.

Ends.

For media enquiries contact:
Thermal Energy International Inc.
Canada: 613-723-6776
UK: +44 (0)117 917 217
Marketing@thermalenergy.com

For investor enquiries:
Thermal Energy International Inc.
613-723-6776
Investors@thermalenergy.com

Notes to editors

About Thermal Energy International Inc.
Thermal Energy International Inc., ranked as one of Canada’s Top Growing Companies in 2021, 2020 and 2019, is an established global supplier of proprietary, proven energy efficiency and emissions reduction solutions to the industrial and institutional sectors. We save our customers money and improve their bottom line by reducing their fuel use and cutting their carbon emissions. Our customers include many Fortune 500 and other leading multinational companies across a wide range of industry sectors.

Thermal Energy is a fully accredited professional engineering firm, and by providing a unique mix of proprietary products together with process, energy, and environmental engineering expertise, we can deliver unique turnkey projects with significant financial and environmental benefits for our customers.

Thermal Energy's proprietary products include: GEM™ - Steam Traps, FLU-ACE® - Direct contact condensing heat recovery, HEATSPONGE – Indirect contact condensing heat recovery systems, and DRY-REX™ - Low temperature biomass drying systems.

Thermal Energy has engineering offices in Ottawa, Canada, Pittsburgh, USA, as well as Bristol, UK, with sales offices in Canada, UK, USA, Germany, Poland, Italy, and China. TEI’s common shares are traded on the TSX Venture Exchange (TSX-V) under the symbol TMG and the OTCQB® Venture Market (“OTCQB”) in the United States operated by the OTC Markets Group Inc., under the symbol TMGEF.

For more information, visit our website at www.thermalenergy.com and follow us on Twitter at twitter.com/GoThermalEnergy.

Neither TSX Venture Exchange nor 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.