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September 27, 2007

ThermoEnergy gets financing for Worcester acquistion

ThermoEnergy Corp., an Arkansas-based company with operations in Hudson, has obtained $1 million of convertible debt from existing shareholders.

The million dollars comes on the heels of a previously announced $3 million private placement.
The financing has enabled ThermoEnergy to acquire a controlling interest in CASTionCorp. of Worcester.

ThermoEnergy was founded in 1998. The company has offices in New York, as well as Arkansas and Hudson.

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