PMFG, Inc. (Parent of Peerless Mfg. Co.) Awarded Three New Environmental Systems Orders With a Combined Value of Approximately

PMFG, Inc. (Parent of Peerless Mfg. Co.) Awarded Three New Environmental
Systems Orders With a Combined Value of Approximately $7.5 Million

DALLAS, Feb. 4, 2013 (GLOBE NEWSWIRE) -- PMFG, Inc. (the "Company")
(Nasdaq:PMFG) today announced that it has been awarded contracts with a
combined value of approximately $7.5 million for Selective Catalytic Reduction
("SCR") systems for three natural gas-fired power plants located in the United
States.

The first order is for the design and supply of three SCR systems to be
installed at a new 1300-megawatt domestic, combined-cycle power-generation
plant being built in the central Atlantic region of the United States. SCR
systems are utilized to reduce Nitrogen Oxide ("NOx") emissions from the
exhaust of the combustion turbine. The equipment is scheduled to be delivered
in the spring of 2014, with catalyst delivery in mid-year 2015.

The second and third orders are aftermarket sales of SCR equipment, including
new catalysts at a combined-cycle power plant in Texas and a simple-cycle
catalyst in Southern California. Both of these aftermarket projects are
scheduled to be delivered mid-summer of 2013.

Peter J. Burlage, PMFG's chief executive officer, said, "These project wins
for our Environmental Systems business support our view that new build
activity in the domestic power-generation market will likely be the primary
source of power generation plants for many years to come. The aftermarket
opportunities will be more frequent in the coming years as natural gas-fired
power plants operate units at full capacity or are repowering existing
facilities to take advantage of the low-cost fuel source. These project awards
represent a significant addition to our Environmental Systems backlog, and 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, PMFG markets its
systems and products worldwide.

The PMFG, Inc. logo is available at
http://www.globenewswire.com/newsroom/prs/?pkgid=5676

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," "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. These risks and
uncertainties include the Company's ability to raise additional capital and to
execute its 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 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 30, 2012. 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.

CONTACT: Mr. Peter J. Burlage, Chief Executive Officer
         Mr. Ronald L. McCrummen, Chief Financial Officer
         PMFG, Inc.
         14651 North Dallas Parkway, Suite 500
         Dallas, Texas 75254
         Phone: (214) 357-6181
         Fax: (214) 351-4172
         www.peerlessmfg.com
        
         or
        
         Kevin McGrath
         Managing Partner
         Cameron Associates
         (212) 245-4577
         Kevin@cameronassoc.com

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