DALLAS, Oct. 6 /PRNewswire-FirstCall/ -- PMFG, Inc. (the "Company") (Nasdaq: PMFG) today announced that it was awarded a contract valued at approximately $3.4 million to provide six steam dryer systems to three nuclear power plants.

Steam dryers or secondary separators are utilized as the final stage of water separation within a reactor vessel (BWR plants) or steam generator vessel (PWR plants). Peerless is the global leader, supplying steam dryers to the industry for over 30 years.

These steam dryers are destined for two new nuclear power plants in China and to an existing nuclear power plant in the U.S. as part of a plant modernization project. These units will be manufactured at PMFG's Denton, Texas plant. The Company expects to deliver these units between August 2009 and February 2010. These units, which include 'next generation' designs, are expected to be the first of several similar orders which will be released over the coming years to serve new nuclear power plant projects in U.S., South Korea and China.

Peter J. Burlage, Chief Executive Officer, stated, "We are pleased with these important new orders and the continued increase in the number of new projects in the nuclear power industry. With the continued increase in cost in fossil energy for power generation, new nuclear power plant construction, life extension and upgrading is expected to continue to be an important contributor to our business in future periods."

About PMFG

We are a leading provider of custom engineered systems and products designed to help ensure that the delivery of energy is safe, efficient and clean. We primarily serve the markets for power generation, natural gas infrastructure and petrochemical processing. Headquartered in Dallas, Texas, we market our 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; risks associated with the Company's recent acquisition of Nitram Energy, including the integration of Nitram's operations with those of the Company and the significant indebtedness that the Company incurred in connection with the acquisition; 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 June 30, 2008. 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.

    For Further Information Contact:

    Mr. Peter J. Burlage, Chief Executive Officer
    Mr. Henry G. Schopfer, Chief Financial Officer
    PMFG, Inc.
    14651 North Dallas Parkway, Suite 500
    Dallas, Texas 75254
    Phone:  (214) 353-5545
    Fax:    (214) 351-4172
    www.peerlessmfg.com

    or

    Kevin McGrath
    Cameron Associates
    (212) 245-4577
    Kevin@cameronassoc.com

SOURCE PMFG, Inc.