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02-06-2015

PMFG Inc announces $4.3M environmental systems awards

PMFG, Inc today announced that it has been awarded two contracts totaling $4.3 million for SCR equipment, combustion systems, and SNCR's for petrochemical facilities in the U.S. The first project is an SCR system for a new, grassroots facility in Gulf Coast region of the United States. The SCR equipment will be delivered in the first half of fiscal year 2017. The second project is for the installation of combustion and SNCR systems on two existing waste fuel fired boilers in Texas. The Company expects to recognize revenue for this project over the balance of fiscal year 2015 and through the first half of fiscal year 2016.

 Peter Burlage, Peerless' chairman and chief executive officer, commented, "The combustion and SNCR contracts are a great example of the application of the layered approach to emission control through the addition of CCA Combustion Systems. The initial air emission reduction occurs as a result of new combustion systems at the front of the boiler and additional emission reduction is achieved with the in-boiler SNCR system. We believe the equipment provides significant value to our customers as the technology solution is economical, reliable and also flexible to their operational needs."

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