CINCINNATI, Aug. 4, 2014 /PRNewswire/ -- CECO
Environmental Corp. (NasdaqGM: CECE), a leading global
environmental technology company focused on critical solutions in
the air pollution control (APC), energy and fluid handling and
filtration industries, announced today that its Aarding Thermal
Acoustics subsidiary ("Aarding") in The
Netherlands recently received two large new orders totaling
$20 million.
The first order is from Saudi Electricity for several natural
gas power plants in the Middle East. This order was a direct
result of the OneCECO sales platform initiative as Aarding &
Effox, the two businesses that comprise CECO's
Energy division, teamed up to provide a broader, more complete
solution to win the order for the design, engineering and
manufacture of 12 bypass exhaust systems. CECO's technology will be
installed downstream of several large GE natural gas
turbines.
The second significant order, also from Aarding, is for two
large natural gas turbines for an Asian customer.
"I am very pleased with these significant new business wins as
our focus on the OneCECO sales solutions initiative continues to
show very positive results," says Jeff
Lang, President and Chief Executive Officer of CECO. "The
natural gas global mega trend is one of several powerful drivers
for our business and our engineered solutions are critical to
generating clean, efficient, and flexible energy capabilities
around the globe. We are very excited with all of our team's
efforts and our continued growing sales activity."
Martin Pranger and Norbert Pieterse, Managing Directors of
Aarding`s global natural gas segment added, "These new orders
underscore the increasing global demand for energy and our gas
turbine exhaust technology. Our engineered solutions for the Energy
sector are well positioned to leverage the dynamic and growing
demand for energy globally."
ABOUT CECO ENVIRONMENTAL
CECO Environmental is a
leading global environmental technology company focused on critical
solutions in the air pollution control (APC), energy and fluid
handling and filtration industries. Through its well-known brands,
CECO provides a wide spectrum of products and services including
dampers & diverters, cyclonic technology, thermal oxidizers,
filtration systems, scrubbers, fluid handling equipment and plant
engineered services and engineered design build fabrication. These
products play a vital role in helping companies achieve exacting
production standards, meeting increasing plant needs and stringent
emissions control regulations around the globe. CECO globally
serves the broadest range of markets and industries including
power, municipalities, chemical, industrial manufacturing,
refining, petrochemical, metals, minerals & mining, hospitals
and universities. CECO is focused on building long-term shareholder
value by bringing its unique technology, portfolio and operational
excellence to strategic key growth markets around the world, while
maintaining the highest standards of employee development, project
execution and safety leadership. CECO is listed on NASDAQ under the
ticker symbol "CECE" and is a member company of the Russell 2000
Index. For more information on CECO Environmental, please visit the
company's website at
http://www.cecoenviro.com.
Contact:
Corporate Information
Jeff Lang, Chief Executive
Officer
Ed
Prajzner, Chief Financial Officer
1-800-333-5475
or
Investor Relations:
Shawn
Severson
The Blueshirt Group
Phone: (415) 489-2198
Email: Shawn@blueshirtgroup.com
This press release may contain forward-looking statements within
the meaning of the Private Securities Litigation Reform Act of
1995. All forward-looking statements are subject to certain
risks, uncertainties and assumptions. These risks and
uncertainties, which are more fully described in CECO's Annual and
Quarterly Reports filed with the Securities and Exchange
Commission, include changes in market conditions in the industries
in which the Company operates. Should one or more of these
risks or uncertainties materialize, or should the assumption prove
incorrect, actual results may vary in material aspects from those
currently anticipated.
SOURCE CECO Environmental Corp.