• E-mail
• Print
• Comment
• Font Size
• Digg
• del.icio.us
• Discuss article

Peerless Mfg. Co. Announces Multi-Million Dollar Order for Steam Dryers for Nuclear Power Plant Units in California

Posted on: Thursday, 14 July 2005, 12:01 CDT

DALLAS, July 14 /PRNewswire-FirstCall/ -- Peerless Mfg. Co. , today announced that it has received a multi-million dollar order from a manufacturer of nuclear power plant steam generators. The order consists of Peerless Steam Dryers that will be installed at the Diablo Canyon Power Plant in California. Peerless Steam Dryers remove water from a nuclear power plant's steam generator allowing the plant to run more effectively. The Steam Dryers are scheduled to be shipped beginning in early 2006 through early 2007.

The Company also announced today that it has recently received multiple awards for other separation filtration equipment. Recent awards include separators for a new methanol plant in Oman and filtration equipment for the ConocoPhillips Suban II Gas Field in Indonesia.

Mr. Sherrill Stone, Chairman and Chief Executive Officer of the Company, stated, "As a leading supplier of separation equipment to the nuclear power plant market, we see increased opportunities as operators seek to extend the life and enhance the efficiency of their facilities both here in the U.S. and internationally. We are also pleased with our activity in the natural gas market as it responds to the need for more energy. These prestigious awards demonstrate Peerless leadership in service to its clients around the world."

About Peerless Mfg. Co.

Peerless Mfg. Co. is engaged in the business of designing, engineering, manufacturing and selling highly specialized products used for the abatement of air pollution and products for the separation and filtration of contaminants from gases and liquids. The Company, headquartered in Dallas, Texas, markets its 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, 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,""preliminary,""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. The risks and uncertainties that may affect the operations, performance, development and results of the Company include, but are not limited to: the growth rate of the Company's revenue and market share, the consummation 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 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. 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. 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.

For Further Information Contact: Mr. Sherrill Stone, Chairman and Chief Executive Officer Mr. Richard L. Travis, Vice President and Chief Financial Officer Peerless Mfg. Co. 2819 Walnut Hill Lane Dallas, Texas 75229 Phone: (214) 353-5590 Fax: (214) 351-4172 http://www.peerlessmfg.com/

Peerless Mfg. Co.

CONTACT: Sherrill Stone, Chairman and Chief Executive Officer, orRichard L. Travis, Vice President and Chief Financial Officer, both ofPeerless Mfg. Co., +1-214-353-5590, or fax, +1-214-351-4172

Web site: http://www.peerlessmfg.com/

Source: PRNewswire-FirstCall

More News in this Category