Siemens forms Strategic Alliance with Thermal Energy International | Automation.com

Siemens forms Strategic Alliance with Thermal Energy International

ALPHARETTA, Ga., April, 2002 - Siemens Energy & Automation, Inc., today announced that it has formed a strategic alliance with Canada's Thermal Energy International Inc. (stock symbol CDNX: TMG) to market integrated energy and environmental solutions to the U.S. pulp and paper industry.

The agreement anticipates Siemens offering energy recovery and air pollution control products and services from Thermal Energy with its larger industrial control and automation solutions for paper mills. This collaboration is seen by both companies as a response to an increasing demand by the industry for advanced manufacturing processes, coupled with improved efficiency, reduced energy consumption and cost effective air pollution control.

"We welcome Thermal Energy International as a Siemens Energy and Automation solutions provider. Thermal Energy's air pollution control and energy recovery product lines will complement and expand our capabilities. This alliance is a Win-Win for both, ourselves and our customers, as the total solution can now seamlessly impact their automation, heat recovery, and air pollution mitigation needs", says Gary King, Pulp & Paper Business Unit Manager, Siemens Energy & Automation, Inc.

Added Thomas V. Hinke, President & CEO of Thermal Energy International Inc., "We are very pleased and excited to be associated with Siemens, a global leader in energy and automation solutions. This alliance represents our first opportunity to work with a proven industry leader in the vast pulp and paper market in the U.S.A. Together, Thermal Energy and Siemens will now promote and provide fully integrated solutions focused on generating major energy, environmental, and operational savings for pulp and paper customers."

Siemens (stock symbol NYSE:SI) has a long history as a global provider of energy and automation products, services and solutions to the pulp and paper market.

Thermal Energy has a fifteen-year history of developing and providing both unique and cost effective combined energy recovery and air pollution control technology solutions for a variety of industrial process applications. Most recently, Thermal Energy has been receiving increased interest from the pulp and paper industry to recover high value heat from multiple stack sources while reducing regulated air pollutant emissions.

Note: Please forward all leads/inquiries to:
Siemens Energy & Automation, Inc.
Information Services
100 Technology Drive
Alpharetta, GA 30005

Or call (800) 964-4114 or [email protected]

Visit Siemens' home page at: http://www.sea.siemens.com/paper

Thermal Energy International Inc. is a leading provider to industry of unique cost-effective energy conservation and environmental compliance solutions headquartered in Ottawa, Canada. More on Thermal Energy can be found at www.thermalenergy.com. FLU-ACE* is a registered trademark of Thermal Energy. Common shares of Thermal Energy are traded on the Canadian Venture Exchange (CDNX) under the symbol TMG.

Headquartered in Alpharetta, Ga., Siemens Energy & Automation manufactures and markets the world's broadest range of electrical and electronic products, systems and services to industrial and construction market customers. Its technologies range from circuit protection and energy management systems to process control, industrial software and totally integrated automation solutions. The company also has expertise in systems integration, technical services and turnkey industrial systems.

Siemens AG (NYSE: SI), headquartered in Munich, is a leading global
electronics and engineering company. It employs some 450,000 people in 193 countries, and reported worldwide sales of more than $74 billion in fiscal 2001 (10/1/00 - 9/30/01). The United States is Siemens' largest market, with nearly 80,000 employees and sales of $18.9 billion for fiscal 2001. For more information about Siemens in the U.S., go to www.usa.siemens.com


This release contains projections or other forward-looking statements regarding future events or the future financial performance of Siemens. Pleased be advised that these statements are only predictions and that actual events or results may differ materially. We refer you to the documents Siemens files from time to time with the Securities and Exchange Commission, specifically, Siemens most recent Form 10-K and Form 10-Q. These documents contain and identify important factors that could cause the actual results to differ materially from those contained in our projections
or forward-looking statements.

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