This Day On The Street
Continue to site
This account is pending registration confirmation. Please click on the link within the confirmation email previously sent you to complete registration.
Need a new registration confirmation email? Click here

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.

1 of 2

Check Out Our Best Services for Investors

Action Alerts PLUS

Portfolio Manager Jim Cramer and Director of Research Jack Mohr reveal their investment tactics while giving advanced notice before every trade.

Product Features:
  • $2.5+ million portfolio
  • Large-cap and dividend focus
  • Intraday trade alerts from Cramer
Quant Ratings

Access the tool that DOMINATES the Russell 2000 and the S&P 500.

Product Features:
  • Buy, hold, or sell recommendations for over 4,300 stocks
  • Unlimited research reports on your favorite stocks
  • A custom stock screener
Stocks Under $10

David Peltier uncovers low dollar stocks with serious upside potential that are flying under Wall Street's radar.

Product Features:
  • Model portfolio
  • Stocks trading below $10
  • Intraday trade alerts
14-Days Free
Only $9.95
14-Days Free
Dividend Stock Advisor

David Peltier identifies the best of breed dividend stocks that will pay a reliable AND significant income stream.

Product Features:
  • Diversified model portfolio of dividend stocks
  • Updates with exact steps to take - BUY, HOLD, SELL
Trifecta Stocks

Every recommendation goes through 3 layers of intense scrutiny—quantitative, fundamental and technical analysis—to maximize profit potential and minimize risk.

Product Features:
  • Model Portfolio
  • Intra Day Trade alerts
  • Access to Quant Ratings
Real Money

More than 30 investing pros with skin in the game give you actionable insight and investment ideas.

Product Features:
  • Access to Jim Cramer's daily blog
  • Intraday commentary and news
  • Real-time trading forums
Only $49.95
14-Days Free
14-Days Free
PMFG $6.16 -3.30%
AAPL $94.02 0.00%
FB $104.07 0.00%
GOOG $683.57 0.00%
TSLA $162.60 0.00%


Chart of I:DJI
DOW 16,204.97 -211.61 -1.29%
S&P 500 1,880.05 -35.40 -1.85%
NASDAQ 4,363.1440 -146.4150 -3.25%

Free Reports

Top Rated Stocks Top Rated Funds Top Rated ETFs