Market Overview

JBT Corporation Announces Major $6 Million FoodTech Order

CHICAGO, Nov. 5, 2012 /PRNewswire/ -- JBT Corporation (NYSE: JBT) announced today that its JBT FoodTech business signed a contract in excess of $6 million for the supply, installation and support of new freezing equipment at a U.S.-based food processing plant.

"We are very pleased with the confidence this order expresses in JBT's freezing technologies leadership," said Torbjorn Arvidsson, Vice President and Division Manager for JBT FoodTech's Food Solutions and Services Division. "This project is an excellent example of how JBT FoodTech partners with our customers to provide solutions that offer higher freezing capacity and meet the USDA's stringent hygiene standards."

The project is scheduled to be fully operational in the first quarter of 2014.

JBT Corporation (NYSE: JBT) is a leading global technology solutions provider to the food processing and air transportation industries. JBT Corporation designs, manufactures, tests and services technologically sophisticated systems and products for regional and multi-national industrial food processing customers through its JBT FoodTech segment and for domestic and international air transportation customers through its JBT AeroTech segment. JBT Corporation employs approximately 3,200 people worldwide and operates sales, service, manufacturing and sourcing operations located in over 25 countries. For more information please visit www.jbtcorporation.com or www.jbtfoodtech.com.

This release contains forward-looking statements as defined in the Private Securities Litigation Reform Act of 1995. Forward-looking statements are information of a non-historical nature and are subject to risks and uncertainties that are beyond the Company's ability to control. These risks and uncertainties are described under the caption "Risk Factors" in the Company's Annual Report on Form 10-K filed by the Company with the Securities and Exchange Commission that may be accessed on the Company's website. The Company cautions shareholders and prospective investors that actual results may differ materially from those indicated by the forward-looking statements.


 

SOURCE JBT Corporation

 

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