Last $0.01 USD
Change Today -0.001 / -7.69%
Volume 80.0K
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As of 5:20 PM 07/28/14 All times are local (Market data is delayed by at least 15 minutes).

thermoenergy corp (TMEN) Snapshot

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07/29/13 - $0.05
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04/23/14 - $0.0050
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thermoenergy corp (TMEN) Details

ThermoEnergy Corporation is engaged in the commercialization of wastewater treatment systems and development of carbon reducing combustion technologies worldwide. The company offers wastewater treatment systems based on its controlled atmosphere separation technology (CAST) platform that includes water sourcing systems to treat brackish and natural water sources for use in societal and industrial processes; primary recovery systems to treat wastewater for reuse and concentrate the contaminants; final recovery systems to treat the remaining concentrate contaminants for disposal or additional processing to achieve zero liquid discharge; and compliance systems to meet local and federal regulatory mandates. The company’s CAST products comprise Turbo CAST, a heat recuperation technology; and Mobile CAST, a self-contained wastewater processing system. It also offers ammonia recovery process, which captures ammonia from dilute waste streams and converts it into ammonium sulfate, a fertilizer for agricultural markets; Thermo ARP that is used with industrial, agricultural, and municipal anaerobic digesters; ThermoFuel Process, a renewable energy process that converts digested or waste-activated sewage sludge into a fuel that can be converted into electricity; and enhanced biogas production process, a method of processing and treating animal waste from animal farming. In addition, the company owns a patented pressurized oxycombustion technology, which converts fossil fuels and biomass into electricity while producing near zero air emissions, as well as removing and capturing carbon dioxide in liquid form. Its wastewater treatment systems are used in the metal finishing, heavy manufacturing, hydraulic fracturing, petrochemical, refining, aerospace, food and beverage processing, pulp and paper, microchip and circuit board manufacturing, and municipal wastewater applications. The company was founded in 1988 and is headquartered in Worcester, Massachusetts.

24 Employees
Last Reported Date: 03/31/14
Founded in 1988

thermoenergy corp (TMEN) Top Compensated Officers

Chief Operating Officer, Interim Chief Financ...
Total Annual Compensation: $176.1K
Vice President of International Business Deve...
Total Annual Compensation: $201.7K
Compensation as of Fiscal Year 2013.

thermoenergy corp (TMEN) Key Developments

David L. Keller Resigns as Director of ThermoEnergy Corporation, Effective May 31, 2014

David L. Keller resigned, effective May 31, 2014, as a member of ThermoEnergy Corporation's board of directors. Mr. Keller has been a member of board of directors since April 15, 2013.

ThermoEnergy Corporation Reports Earnings Results for the First Quarter March 31, 2014

ThermoEnergy Corporation reported earnings results for the first quarter March 31, 2014. For the three-month period ended March 31, 2014, the company recorded revenues of $202,000, compared to $1,009,000 for the first quarter of 2013. Revenues in the first quarter of 2014 were limited to spare parts orders and service for existing customers. During the first quarter of 2013, revenues were driven by two industrial projects utilizing Ammonia Recovery Process ("ARP") technology. The company reported a net loss of $1.625 million or $0.01 per share for the three month period ended March 31, 2014 compared to a net loss of $1.072 million or $0.01 per share for the same period in 2013.

ThermoEnergy Corporation Announces Resignation of James F. Wood as President and Chief Executive Officer, Effective May 11, 2014

On April 11, 2014, ThermoEnergy Corporation announced that James F. Wood, President, Chief Executive Officer and the Chairman of Board of Directors, submitted to Board of Directors a letter providing 30 days’ notice, in accordance with the terms of his Executive Employment Agreement dated December 10, 2012, of his resignation as President and Chief Executive Officer, effective May 11, 2014. Effective as of May 11, 2014, Mr. Wood will also resign as a member of the company's Board of Directors and as a director, officer or manager of each of the company's subsidiaries or affiliates.


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