PMFG Wins Three New Orders, Valued at $7M
DALLAS, Sept. 25, 2013 (GLOBE NEWSWIRE) -- PMFG, Inc. (the "Company") (Nasdaq: PMFG) today announced that it has been awarded three separate contracts with a combined value of over $7 million. In our Environmental Systems segment, we were awarded two projects. The first project is an SCR/CO exhaust system to be installed in a simple-cycle natural gas fired turbine application. This equipment will reduce both NOX and CO emissions by at least 90% for an electric power generation unit being installed in the north eastern region of the U.S. The second project is for an SCR system to be used in a refinery application in the upper Midwest. This SCR system is part of the customer's $400 million improvement plan to several process units intended to expand the refinery's overall capacity. In our Process Products segment, we were awarded a project for a replacement steam dryer to be installed in a nuclear power plant in northern Europe. The steam drier is part of this facility's life extension process.
Peter J. Burlage, PMFG's chief executive officer said, "As we outlined in our recent year end conference call, we expect the power generation, natural gas valuation chain and the refinery markets to be