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Proven across a number of industry sectors

November 2014

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Who we are

Global provider of energy efficiency solutions to the ICI sectors

We save our customers money & improve their bottom lines by…

Reducing their fuel use and cutting carbon emissions

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Recovery of waste heat from process exhaust

Return hot water for use in production or heating

1 system per location – sells for $100k to millions each

90% 10-30% 2-5 YEARS Recovery rate Reduction in

energy costs Payback period

FLU-ACE® heat recovery

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Improved efficiency vs. traditional mechanical steam traps

No moving parts – never needs replacing

100’s to 1,000’s of traps per location and sell for $500 to $1,000 per trap

10-30% 1-2 year Reduction in energy costs

Payback period

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GEM® condensate return system

Mechanical trap

GEM steam trap

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PHARMACEUTICAL HOSPITALS FOOD AND

BEVERAGE

PULP AND PAPER CHEMICAL AND

PETROCHEMICAL

AND MANY MORE

Proven across a number of sectors

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Pharmaceuticals – repeat business

World-leading diversified

healthcare company

FY 2014:

2 GEM orders totaling $281K

1 site penetrated out of 20

locations around the world

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Food & beverage – corporate account

Fortune 500 food & beverage leader FY 2014: 2 heat recovery & 7 GEM

orders totaling $2M

YTD FY 2015: 1 heat recovery & 2 GEM

orders totaling $1M

To date: 4 heat recovery & 9 GEM

orders totaling $3.3M 9 sites penetrated out of >100

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Hospitals – cross-selling

Example #1:

$800K in heat recovery &

GEM orders in FY 2014

Example #2:

$780K in heat recovery &

GEM orders in FY 2014

$246K heat recovery

expansion subsequent to

year end

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Pulp and paper – corporate account

Major North American pulp and paper company

FY 2014: $3.6M heat recovery order GEM survey completed

YTD FY 2015: $57K heat recovery order

To date: 3 heat recovery orders and 1

GEM survey totaling ~$7.7M 2 sites penetrated out of 9

locations

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Chemicals – repeat business

Fortune 500 performance materials and chemicals company FY 2014: 7 GEM orders totaling $282K

YTD FY 2015: 1 GEM order for $135K

To date: 13 GEM orders totaling $459K 3 sites penetrated out of

more than 40 sites 10

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Penetrated India’s tire

manufacturing industry

FY 2014:

GEM orders from multiple

manufacturers totaling

approx. $159K

Received initial order from

mining & resources sector

FY 2014:

$200K heat recovery order

from a global mining &

materials company

This was also our first order

from Greece

New markets & applications

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Our products deliver

Energy savings of

$48.6M annually

That’s equivalent to the amount of energy used by 46,785 North American homes

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Our products deliver

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Carbon emission reductions of

512,761 tonnes annually

That’s equivalent to removing 107,950 automobiles from the road

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Our impact to date

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>$384

million

in total fuel savings for our customers

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This presentation includes “forward-looking information”. For example, statements about the opportunities for repeat business, additional orders, entry into new markets and growth of recurring revenue streams; order backlog; introduction of new products and services and growth opportunities and strategies are all forward looking information. Such forward looking information reflects Thermal Energy International’s (“TEI”) current expectations with respect to future events and are based on information currently available to management. Forward-looking information involves significant known and unknown risks, uncertainties and assumptions. Should one or more of these risks or uncertainties materialize, or should assumptions underlying the forward-looking information prove incorrect, actual results, performance or achievements could vary materially from those expressed or implied by the forward-looking information contained in this presentation. Readers should not place undue reliance on forward-looking information. The forward-looking information is made as of the date of this presentation and TEI does not assume any obligation to update or revise it to reflect new events or circumstances, except as required by law.

Forward-looking statements