ThermoEnergy Completes $2.63 Million Private Placement

WORCESTER, Mass., Jan. 5, 2012 /PRNewswire/ -- ThermoEnergy Corp. (OTCBB: TMEN), a diversified technologies company engaged in development and sales of municipal and industrial wastewater recovery and clean power generation technologies announced today that the Company received $2.63 million from the exercise of warrants by a group of accredited investors.  The transaction was brokered by Dawson James Securities.

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The transaction closed on December 30, 2011.  The proceeds will be used for general corporate purposes, including the commercialization of ThermoEnergy's clean power generation technologies and piloting its advanced ammonia recovery process (ARP) water technology in international markets.

"We are pleased to have formed a relationship with Dawson James, a prestigious investment banking firm with a proven track record of success in assisting similar emerging growth companies," stated Cary Bullock, ThermoEnergy Corporation's Chairman and CEO.  "Additionally, management is pleased to have expanded and strengthened its investor base.  Going forward, ThermoEnergy believes that this capital infusion coupled with the continued assistance of Dawson James, will allow us to continue to execute on our strategic growth plan.  With several commercial opportunities available to us, we expect to improve revenue during the first quarter and throughout 2012."

About ThermoEnergy
Founded in 1988, ThermoEnergy is a diversified technologies company engaged in the worldwide development, sales and commercialization of patented and/or proprietary municipal and industrial wastewater treatment and power generation technologies. Additional information on the Company and its technologies can be found on its website at www.thermoenergy.com.

THIS PRESS RELEASE INCLUDES STATEMENTS THAT MAY CONSTITUTE "FORWARD LOOKING" STATEMENTS, USUALLY CONTAINING THE WORDS "ESTIMATE", "PROJECT", "EXPECT" OR SIMILAR EXPRESSIONS. FORWARD LOOKING STATEMENTS INHERENTLY INVOLVE RISKS AND UNCERTAINTIES THAT COULD CAUSE ACTUAL RESULTS TO DIFFER MATERIALLY FROM CURRENT EXPECTATIONS. BY MAKING THESE FORWARD LOOKING STATEMENTS, THE COMPANY UNDERTAKES NO OBLIGATION TO UPDATE THESE STATEMENTS FOR REVISIONS OR CHANGES.

SOURCE ThermoEnergy Corp.