PMFG, Inc. Awarded Three New Project Orders Totaling More Than $6.5 Million for Natural Gas and Oil Sands Markets

PMFG

has been awarded three new large international orders with a combined value of more than $6.5 million for an assortment of process systems equipment to be used in natural gas and oil exploration applications. The Company anticipates that the majority of the revenue from these three orders will be recognized in the first half of fiscal year 2013. The first order is for multiple sets of filtration and separation equipment in support of a natural gas pipeline construction project in China. This order will be processed through the Company's subsidiary in China. The second order is for a series of separators used for oil extraction in the oil sands of Western Canada. The third order is for pulsation and separation equipment that will be utilized in conjunction with a reciprocating compressor package. This order is for a facility located in Europe and will be processed through the Company's recently acquired operations in Germany.