ThermoEnergy's core business is the design, fabrication and operation of renewable energy and power generation facilities based on the Company's patented and/or proprietary technologies. The ThermoFuel Process converts municipal and industrial wastewaters into a high-energy biofuel. The Ammonia Recovery Process (ARP) technology converts ammonia nitrogen into a commercial grade fertilizer. The TIPS process is a totally new thermodynamic method of converting fossil fuels, including oil, natural gas or coal, and most biomass into energy with zero air emissions. In addition, TIPS removes and recovers carbon dioxide (CO2) in liquid form which can be reused in a number of commercial applications, including a low-cost alternative for desalinating water, secondary and tertiary oil recovery, and methane production. Included in the Company's long-term strategy are plans to market the by-products as well as emission credits generated by its technologies. The Company looks to expedite the commercial success through acquisitions, mergers, and the formation of partnerships with larger, well capitalized firms who have a proven track-record in the Company's targeted markets.