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Thermal Energy International Inc.: Business Development Underway for Multi-Billion Dollar Renewable Energy and Environmental Solutions Market in Poland

Thermal Energy International Inc.: Business Development Underway for Multi-Billion Dollar Renewable Energy and Environmental Solutions Market in Poland

Published 08-14-02

Submitted by Thermal Energy International Inc.

NEPEAN, Ontario - Thermal Energy International Inc. (TSX Venture Exchange, stock symbol TMG, www.tse-cdnx.com) is pleased to report that the Company's recently appointed agent Canada-Poland Business Bridges Corporation (CPBBC) has made substantial progress towards establishing several FLU-ACE(R) Air Pollution Control and Energy Recovery projects in Poland. These first FLU-ACE(R) Solutions project opportunities represent a sales potential in excess of US$30 million.

In recent years, the government of Poland has strengthened its commitment to achieve substantial air pollutant emission reductions over the 2002 to 2010 time frame. In the Air Quality Section 3.3 of the new "Second (II) Environmental Policy Document" adopted by the Government of Poland on June 13th, 2000 (www.mos.gov.pl./mos/publicak/index_eng.htm); the stated air pollution reduction objectives are: Particulate Matter (PM) by 75%, Sulfur Dioxides (SO2) by 56%, Nitric Oxides (NOX) by 31%, and VOC by 4% with respect to the 1990 emission levels. Furthermore, the Air Quality policy includes a stated commitment to reduce the emissions of Toxic Substances, including the heavy metals Mercury, Lead, and Cadmium. In addition, on page 62 of the II Environment Policy Document, it is stated "with the coming 10-15 years, Poland is bound to spend an amount of at least Euro 30 Billion to adjust to the EU regulations."

Aleksander Wolosz, President & CEO of CPBBC stated, "The Polish response to the FLU-ACE(R) solutions offer has been tremendous. There is a very high level of serious interest and enthusiasm for implementing the FLU-ACE(R) technology to a wide variety of applications, because the FLU-ACE(R) has been received by Polish authorities as being the most Cost Effective and Economical air pollution control technology. The Polish authorities very much appreciate the unique extra energy savings and self-financing benefits offered by the FLU-ACE(R) integrated solutions."

The Canada-Poland Business Bridges Corporation is dedicated to bringing the "best in class" state of the art technological solutions for the markets in Poland, and other growing Central European countries. With their North American headquarters in Mississauga, Ontario, and their European headquarters in Warsaw, Poland, CPBBC is well positioned to effectively accomplish our goals.

Gustav Pliva, PhD, PMP, European Development Manager of Thermal Energy International Inc., stated, "The timing is right for capitalizing on the Polish commitment to improve their air quality. We are pleased by the substantial business development progress achieved by our agent CPBBC in a relatively short time."

Tom Hinke, President & CEO, Chairman of Thermal Energy International Inc., stated, "We are optimistic that the new business development efforts to secure FLU-ACE(R) sales to Poland will be successful. Based upon multiple positive factors including: the emerging economic strength, improving GDP growth, and the new environmental policy of Poland; combined with the rising costs of energy, there is an excellent market opportunity for our products and solutions."

Thermal Energy International Inc. is a leading environmental and energy technology company since 1986. Headquartered in Ottawa, Canada, the Company is an established designer, developer, fabricator, and supplier of Superior proprietary and patented environmental compliance (air) and energy conservation products and technology solutions. The Company is also a fully accredited professional engineering firm, and offers advanced process and applications engineering services. More on Thermal Energy can be found at www.thermalenergy.com. FLU-ACE(R) is a registered trademark of Thermal Energy. Common shares of Thermal Energy are traded on the TSX Venture Exchange (formerly CDNX) under the symbol TMG.

The contents of this release have neither been approved nor disapproved by the TSX Venture Exchange (or TSE-CDNX).

Thermal Energy International Inc.

Thermal Energy International Inc.

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