Graham Corporation Awarded $9.5 Million In New Orders For Nuclear Energy And Oil Sands Markets
Graham Corporation (NYSE Amex: GHM), a designer and manufacturer of
critical equipment for the oil refining, petrochemical and power
industries, including the supply of components and raw materials to
Graham Corporation (NYSE Amex: GHM), a designer and manufacturer of critical equipment for the oil refining, petrochemical and power industries, including the supply of components and raw materials to nuclear energy facilities, today announced that it has been awarded $9.5 million in orders for nuclear energy facilities and an oil sands upgrader. The two orders received from Westinghouse Electric Company were awarded to Graham’s wholly-owned subsidiary Energy Steel. Energy Steel will supply structural supports and assemblies for two nuclear power plant sites in the Southeastern United States where four AP1000 ® pressurized water reactor units are under construction. The equipment is planned to be delivered throughout fiscal years 2013, 2014 and 2015. The second order is for replacement parts for an ejector system originally supplied by Graham that is operating at an oil sands upgrader in Alberta. The parts are planned to be delivered in the first quarter of fiscal year 2013. James R. Lines, Graham’s President and Chief Executive Officer, commented, “We believe that our attention to detail, the high quality of our products, our engaged and responsive customer service and our demonstrated capability to execute complex orders were all critical in our selection as a Westinghouse AP1000 supplier. We consider the orders awarded to us over the last two quarters for the new nuclear energy facilities under construction in the Southeastern United States to be an affirmation both of our reputation for consistently delivering high quality products as well as our exceptional customer service. “We believe our recent order activity is a solid indication that customers are becoming more likely to place orders. Bidding activity continues to be strong, and although we cannot predict when such activity will convert to orders, we have become more optimistic in the recovery of our markets.” ABOUT GRAHAM CORPORATION With world-renowned engineering expertise in vacuum and heat transfer technology, Graham Corporation is a global designer, manufacturer and supplier of custom-engineered ejectors, pumps, condensers, vacuum systems and heat exchangers. For more than 75 years, Graham has built a reputation for top quality, reliable products and high-standards of customer service. Sold either as components or complete system solutions, the principal markets for Graham’s equipment are energy, including oil and gas refining and nuclear and other power generation, chemical/petrochemical and other process industries. In addition, Graham's equipment can be found in diverse applications, such as metal refining, pulp and paper processing, shipbuilding, water heating, refrigeration, desalination, food processing, pharmaceutical, heating, ventilating and air conditioning, and in nuclear power installations, both inside the reactor vessel and outside the containment vessel.