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05-03-2013

PMFG Inc awarded $3.9M in separation systems orders

PMFG, Inc today announced that it has been awarded contracts on two projects with an aggregate value of approximately $3.9 million for separation equipment. Both contracts will be managed through the Company's subsidiaries located in Europe. The Company anticipates that the majority of the revenue from these two orders will be recognized in the first half of fiscal year 2014. 

The first project is for multiple sets of filtration and separation equipment in support of a natural gas pipeline construction project in Eastern Europe. The second project is for steam separators designed to protect steam turbine generators for a power plant project located in China.

Peter J. Burlage, PMFG's chief executive officer said, "These important new contract awards for our core process products business are destined for the emerging markets, where power demand is growing rapidly along with the associated infrastructure to meet that demand. Whether it is the expansion or upgrading of natural gas pipelines or new power plant construction, we have the experience and depth of resources to provide our customers with high quality, reliable, cost-efficient systems and products."

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