DALLAS, Aug. 14, 2014 (GLOBE NEWSWIRE) -- PMFG, Inc. (the "Company") (Nasdaq:PMFG) today announced that it has been awarded two contracts for a combined value of $3.7 million for Skimovex oily water separation systems. These orders are part of two new offshore oil production platforms, one of which is located in the Persian Gulf and the other in the South China Sea. Both contracts are scheduled to be completed prior to June 2015. The Skimovex oily water technology is used to remove oil from water, such as refinery effluent, tankfarm drainwater, ballast water, desalter effluent, condensate, cooling water, produced water (both on- and offshore), tank draw-off and injection water.
"Our sales efforts related to identified Skimovex opportunities has become a material part of our operations in both Europe and Asia Pacific," said Peter J. Burlage, PMFG's Chief Executive Officer. "Driving the growth in the opportunities are increasingly stringent requirements for discharge water purity in combination with greater water volumes produced by the oil and gas industry. We expect this trend will continue in the future and drive incremental demand for our Skimovex product line. We are excited about the prospects for our technology in the oil and gas industry and we will continue to allocate business development talent and marketing resources to ensure we maximize our opportunity."
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.
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