WORCESTER, Mass., March 6, 2012 /PRNewswire/ -- ThermoEnergy Corp. (OTCBB: TMEN) www.thermoenergy.com, a diversified technologies company engaged in the development and sales of leading wastewater recovery and power generation technologies, has entered into a global business development agreement with Dawson James Financial Services, Inc. (Logo: http://photos.prnewswire.com/prnh/20100816/CL50460LOGO ) Dawson James will tap its business development network in the United States, Europe, Latin America and Asia to advise ThermoEnergy in identifying new opportunities, assisting with the negotiation of sales, services, and vendor support contracts, and with introductions to water treatment market participants and government agencies. "Rapid economic development in places like China, Brazil, and Colombia have brought the issue of wastewater recovery and treatment to the forefront in these countries," said David Weinstein, Vice President of Business Development at Dawson James Financial Services. " China already has a $475 billion pollution abatement program in place, serious concerns and stricter new regulations are appearing in Latin America, and sustainability remains a high-priority issue in North America." Cary Bullock, CEO of ThermoEnergy said, "ThermoEnergy's wastewater treatment systems recover wastewater in reusable form while recovering chemicals, metals, and nutrients in the wastewater for resale or recycling. Recovery and reuse of these potentially polluting waste products is beneficial to the environment and lowers operating costs for processing plants or waste treatment plants." Bullock added, "We believe that ThermoEnergy's combination of resource recovery benefits will play extremely well in both domestic and international markets. We look forward to the guidance of Dawson James in our effort to monetize our wastewater treatment systems and penetrate these large and sometimes complex markets." About ThermoEnergy Founded in 1988, ThermoEnergy Corporation 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. About Dawson James Financial Services Dawson James Financial Services specializes in providing companies with strategic planning and business development. In addition to advising client companies on marketing strategies and business development domestically, Dawson James Financial Services assists its clients in accessing markets around the world.