The Company is an infrastructure technologies company engaged in the development and sale of advanced wastewater treatment and clean energy technologies. The Company was founded in 1988 and underwent a name change in December 1996. The Company is incorporated under the laws of the State of Arkansas with its principle place of business in Little Rock, AR, and branch offices in Hudson, MA and New York, NY. The Company has approximately 1,500 shareholders of record and has been a public company since 1992. The Company's common stock, $0.001 par value per share (the "Common Stock") has been publicly traded on the Over-the-Counter Bulletin Board since September 2000, under the symbol "TMEN."
The Company's current wastewater treatment technologies include: (1) the ThermoFuel process, a renewable energy process that converts sewage sludge, or "biosolids" into a high-energy solid fuel, (2) the Enhanced Biogas Production process, and (3) the Ammonia Recovery Process ("ARP"), that converts the nitrogen (ammonia) found in wastewater plants to ammonium sulfate, a commercial grade fertilizer utilized by agriculture worldwide. Each of these process technologies is more fully described in the following section. These three technologies are primarily aimed at solving wastewater problems for broad-based municipal, industrial and agricultural markets and are collectively referred to as the "Water Technologies."
The Company licenses ARP from Battelle Memorial Institute ("BMI") and licenses the ThermoFuel and Enhanced Biogas Production technologies from Alexander G. Fassbender, the Company's Executive Vice President of Corporate Technology and the inventor of certain of the Company's Technologies. The Company is also majority owner of a patented clean energy technology known as the ThermoEnergy Integrated Power System ("TIPS"), which converts fossil fuels (including coal, oil and natural gas) and biomass into electricity without producing air emissions, and is aimed at competing with conventional energy conversion technologies. In addition, TIPS removes and captures carbon dioxide in liquid form for sequestration or beneficial reuse. The TIPS technology has been assigned to ThermoEngergy Power Systems, LLC, a Delaware limited liability company of which the Company owns 85% and Alexander Fassbender owns 15% ("ThermoEnergy Power Systems"). TIPS and the Water Technologies are collectively referred to as the "Technologies."
The Company's current wastewater treatment technologies include: (1) the ThermoFuel process, a renewable energy process that converts sewage sludge, or "biosolids" into a high-energy solid fuel, (2) the Enhanced Biogas Production process, and (3) the Ammonia Recovery Process ("ARP"), that converts the nitrogen (ammonia) found in wastewater plants to ammonium sulfate, a commercial grade fertilizer utilized by agriculture worldwide. Each of these process technologies is more fully described in the following section. These three technologies are primarily aimed at solving wastewater problems for broad-based municipal, industrial and agricultural markets and are collectively referred to as the "Water Technologies."
The Company licenses ARP from Battelle Memorial Institute ("BMI") and licenses the ThermoFuel and Enhanced Biogas Production technologies from Alexander G. Fassbender, the Company's Executive Vice President of Corporate Technology and the inventor of certain of the Company's Technologies. The Company is also majority owner of a patented clean energy technology known as the ThermoEnergy Integrated Power System ("TIPS"), which converts fossil fuels (including coal, oil and natural gas) and biomass into electricity without producing air emissions, and is aimed at competing with conventional energy conversion technologies. In addition, TIPS removes and captures carbon dioxide in liquid form for sequestration or beneficial reuse. The TIPS technology has been assigned to ThermoEngergy Power Systems, LLC, a Delaware limited liability company of which the Company owns 85% and Alexander Fassbender owns 15% ("ThermoEnergy Power Systems"). TIPS and the Water Technologies are collectively referred to as the "Technologies."
