PMFG, Inc. (Parent of Peerless Mfg. Co.) Announces Environmental Systems Awards Totaling $6.5 Million

DALLAS, Oct. 20, 2014 (GLOBE NEWSWIRE) -- PMFG, Inc. (the "Company") PMFG today announced that it has been awarded contracts for two separate projects related to critical air pollution control equipment totaling $6.5 million. The first project includes multiple emissions- control systems to reduce NOx, CO and VOC, along with the reagent storage and handling equipment. The equipment will be installed on a natural gas pipeline compression station located in the South Central portion of the United States before the spring of calendar 2016. The second project includes both replacement and new oxidation catalyst systems also used on natural gas pipeline compression. The Company's ability to meet accelerated design and fabrication requirements was key in our selection, as the initial systems will be shipped within the next 120 days.

Peter Burlage, Peerless' president and chief executive officer, commented, "The natural gas value chain is a critical part of our business and the growing global demand for natural gas and the associated infrastructure will remain a key driver for our business. Our technology plays a critical role in the cleaning and conditioning of natural gas, as well as managing emissions from natural gas distribution equipment. We believe these wins demonstrate our leadership and depth of experience in both pollution-control solutions and natural gas infrastructure, as we help our customers strive to meet the increasingly stringent emissions requirements in a cost-effective manner."

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, PMFG markets its systems and products worldwide.

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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, performance or achievements of the Company to be materially different from any future results, performance or achievement expressed or implied by such forward-looking statements. The words "anticipate," "expect," "believe," "intend" and similar expressions identify forward-looking statements. The Private Securities Litigation Reform Act of 1995 provides a "safe harbor" for such 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 and experience to differ materially from the anticipated results or other expectations expressed in such forward-looking statements. 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 SEC, including the information under Item 1A. "Risk Factors" in the Company's Annual Report on Form 10-K for the fiscal year ended June 28, 2014. The Company undertakes no obligation to revise any forward-looking statements or to update them to reflect events or circumstances occurring after the date of this release, or to reflect the occurrence of unanticipated events, except as required by law. Readers are cautioned not to place undue reliance on these forward-looking statements, which speak only as of the date hereof. 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.