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PMFG, Inc. (Parent of Peerless Mfg. Co.) Awarded Three New Orders With a Combined Value of Over $7 Million



PMFG, Inc. (Parent of Peerless Mfg. Co.) Awarded Three New Orders With a
Combined Value of Over $7 Million

DALLAS, Sept. 25, 2013 (GLOBE NEWSWIRE) -- PMFG, Inc. (the "Company")
(Nasdaq:PMFG) today announced that it has been awarded three separate
contracts with a combined value of over $7 million. In our Environmental
Systems segment, we were awarded two projects. The first project is an SCR/CO
exhaust system to be installed in a simple-cycle natural gas fired turbine
application. This equipment will reduce both NOX and CO emissions by at least
90% for an electric power generation unit being installed in the north eastern
region of the U.S. The second project is for an SCR system to be used in a
refinery application in the upper Midwest. This SCR system is part of the
customer's $400 million improvement plan to several process units intended to
expand the refinery's overall capacity. In our Process Products segment, we
were awarded a project for a replacement steam dryer to be installed in a
nuclear power plant in northern Europe. The steam drier is part of this
facility's life extension process.

Peter J. Burlage, PMFG's chief executive officer said, "As we outlined in our
recent year end conference call, we expect the power generation, natural gas
valuation chain and the refinery markets to be key drivers for our company.
These wins are certainly representative of the opportunities within these
markets and I expect they will continue to play a significant role for us in
fiscal 2014 and beyond. We experienced a solid performance from our
Environmental Systems division in fiscal 2013 and it is encouraging to see the
momentum has continued into the first quarter of fiscal 2014 with two new
wins. I am also pleased to see activity in the EMEA region, where economic and
political conditions have dampened demand over the past few quarters. This
order is another one of the many nuclear power plants that will go thru a
re-licensing process in the coming years, of which we expect most of them to
increase their steam production resulting in an opportunity for PMFG to sell
replacement dryers and separators."

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.

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. 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 29, 2013. 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.

CONTACT: For Further Information 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
        
         Shawn Severson
         The Blueshirt Group
         Managing Director, Energy & Environmental
         Technologies Practice
         Phone: (415) 489-2198
         shawn@blueshirtgroup.com
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