PMFG, Inc. (Parent of Peerless Mfg. Co.) Awarded Orders to Provide Separation and Water Pollution Equipment of Over $7.0

PMFG, Inc. (Parent of Peerless Mfg. Co.) Awarded Orders to Provide Separation
and Water Pollution Equipment of Over $7.0 Million

DALLAS, Feb. 19, 2014 (GLOBE NEWSWIRE) -- PMFG, Inc. (the "Company")
(Nasdaq:PMFG) today announced that its subsidiary company Peerless Europe Ltd.
has been awarded two contracts from an Italian EPC contractor for equipment to
be installed in the Ourhoud field in Algeria. The equipment consists of a
production separator for the separation of oil, water and gas, as well as our
Skimovex water processing equipment. The project orders have a combined value
of over $7.0 million. The products will be installed in an oil refining
facility within the next year.

Peter J. Burlage, PMFG's Chairman and Chief Executive Officer said, "This
project is a great example of the opportunity we have in the upstream segment
for conventional wells. The extraction of oil and natural gas produces a
significant quantity of associated water that needs to be managed and
processed. This creates yet another opportunity for our traditional separation
equipment, which is then further processed using our Skimovex product to
reduce contaminates in the water stream. We expect the demand for our
technology in water processing and cleaning by the energy sector will continue
to grow as key markets such as the Middle East, Northern Africa and Asia
further develop oil and gas assets with a greater focus on produced water
management."

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 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, Chairman and 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
         Phone: (415) 489-2198
         shawn@blueshirtgroup.com

PMFG, Inc.
 
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