DALLAS, Jan. 4, 2012 (GLOBE NEWSWIRE) -- PMFG, Inc. (the "Company") (Nasdaq:PMFG) today announced that it has been awarded multiple international orders for its Process Products equipment totaling approximately $11 million. The first two orders are for the supply of an array of separation equipment and other components for natural gas processing and transmission projects in Iraq and South America. The third order is from a European customer for a steam separator to be installed at a nuclear power project in China. The Company anticipates revenue for these three orders will be recognized in late fiscal year 2012 and into fiscal year 2013.

"These orders conclude a very strong quarter of bookings for us taking into consideration that historically this is typically our highest quarter of bookings," said Peter J. Burlage, PMFG's Chief Executive Officer. "International energy projects are moving ahead and we are winning awards that are significantly larger in size and at a level not seen by us in several years. Most of the equipment for these projects is destined for emerging countries, which is consistent with our strategic objectives associated with serving these growing markets through our local sales channels. We look forward to their successful completion and timely delivery to our customers."

About PMFG

PMFG is a leading provider of custom engineered systems and products designed to help ensure that the delivery of energy is safe, efficient and clean. PMFG primarily serves the markets for power generation, natural gas infrastructure and petrochemical processing. Headquartered in Dallas, Texas, it markets its systems and products worldwide.

Safe Harbor Under The Private Securities Litigation Reform Act of 1995

Certain statements contained in this press release that are not historical facts are forward-looking statements that involve a number of known and unknown risks, uncertainties and other factors that could cause the actual results to be materially different from those expressed or implied by such forward-looking statements. The words "anticipate," "preliminary," "expect," "believe," "intend" and similar expressions identify forward-looking statements. The Private Securities Litigation Reform Act of 1995 provides a "safe harbor" for these forward-looking statements. In order to comply with the terms of the safe harbor, the Company notes that a variety of factors could cause actual results to differ materially from the anticipated results expressed in these forward-looking statements. The risks and uncertainties that may affect the Company's results include the growth rate of the Company's revenue and market share; the receipt of new, and the non-termination of existing, contracts; the Company's ability to effectively manage its business functions while growing its business in a rapidly changing environment; the Company's ability to achieve financial and nonfinancial covenants and requirements of our debt agreements; the Company's ability to adapt and expand its services in such an environment; the quality of the Company's plans and strategies; and the Company's ability to execute such plans and strategies. Other important information regarding factors that may affect the Company's future performance is included in the public reports that the Company files with the Securities and Exchange Commission, including the information under Item 1A. "Risk Factors" in our Annual Report on Form 10-K for the fiscal year ended July 2, 2011. The Company undertakes no obligation to update any forward-looking statements to reflect events or circumstances occurring after the date of this release, or to reflect the occurrence of other events. Readers are cautioned not to place undue reliance on these forward-looking statements, which speak only as of the date of this release. The inclusion of any statement in this release does not constitute an admission by the Company or any other person that the events or circumstances described in such statement are material.

Image: PMFG, Inc. Logo

PMFG, Inc.
distribué par

Ce noodl a été diffusé par PMFG Inc. et initialement mise en ligne sur le site http://www.peerlessmfg.com. La version originale est disponible ici.

Ce noodl a été distribué par noodls dans son format d'origine et sans modification sur 2012-01-04 15:16:57 PM et restera accessible depuis ce lien permanent.

Cette annonce est protégée par les règles du droit d'auteur et toute autre loi applicable, et son propriétaire est seul responsable de sa véracité et de son originalité.