PMFG, Inc. (Parent of Peerless Mfg. Co.) Awarded $4.3 Million Process Products Order

PMFG, Inc. (Parent of Peerless Mfg. Co.) Awarded $4.3 Million Process Products
Order

DALLAS, Nov. 4, 2013 (GLOBE NEWSWIRE) -- PMFG, Inc. (the "Company")
(Nasdaq:PMFG) today announced that it has been awarded a contract with a value
of approximately $4.3 million (26.3 million RMB) for our separation
technology. The order was for a variety of 2-phase and 3-phase separators to
be installed in the Ningxia Shenhua Coal Chemicals Group coal-to-liquids
conversion facility in Ningdong, China. In the coal-to-oil process, coal is
exposed to steam and air under high temperature and pressure, which produces
gases consisting mostly of carbon monoxide and hydrogen. This syngas can then
be processed into high value liquid fuels and chemicals. With a scheduled
delivery date in the summer of 2014, revenue will be recognized across fiscal
years 2014 into 2015, with the majority of the revenue in FY2014

Peter J. Burlage, PMFG's chief executive officer said, "We continue to expect
the power generation, natural gas value chain, chemical and the refinery
markets to be key drivers for our company. We have made a significant
investment in China and believe that market presents a significant opportunity
for our company. This order is our first major coal-to-oil conversion project
and demonstrates the exciting opportunity for us in the region."

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 theSEC,
including the information under Item 1A. "Risk Factors" in the Company's
Annual Report on Form 10-K for the fiscal year endedJune 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 Technology Practice
         (415) 489-2198
         shawn@blueshirtgroup.com