PMFG, Inc. (Parent Of Peerless Mfg. Co.) Announces Five New Project Awards At Fiscal Year End With A Combined Value Of Approximately $17.5 Million
DALLAS, July 13, 2010 (GLOBE NEWSWIRE) -- PMFG, Inc. (the "Company") (Nasdaq:PMFG) today announced that it has been awarded contracts with a combined value of approximately $17.5 million across its various product divisions. Project awards occurred at the end of fiscal year 2010.
The first order is for the design and supply of a Selective Catalytic Reduction (SCR) system complete with carbon dioxide reduction to be installed at the new 435 megawatt Hemweg 9 combined cycle power plant in the Netherlands. The plant will be operated by the Dutch utility Nuon, a subsidiary of Vattenfall A.B. The equipment is scheduled to be delivered in the second calendar quarter of 2011.
The second order is for the supply of Skimovex™ oil/water separation equipment applied to water treatment on an unmanned gas platform for a customer in Saudi Arabia. Skimovex is the Company's product brand name for separators that remove entrained oil from water. The Company expects to deliver these units in the first calendar quarter of 2011.The third order is for multiple SCR systems to be installed in conjunction with replacing three once-through heat recovery steam generators on a gas production plant in California. Delivery is scheduled for early in the first calendar quarter of 2011. The fourth order is for an additional turnkey retro-fit SCR system to be located at the Victoria, Texas Cogen Refinery Facility. Delivery is planned for early fall 2011. The fifth order is for a large separation/filtration pressure vessel designed to remove moisture from a liquefied natural gas processing plant in Australia. Delivery is scheduled for summer 2011. Peter J. Burlage, Chief Executive Officer, stated, "The awarding of these important projects to close out our fiscal year is very gratifying and represent a significant addition to our backlog as we enter our next fiscal year. Our commitment of resources to the Middle East and Europe continues to expand and is accelerating our ability to penetrate these important markets.
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