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8-K - FORM 8-K - PMFG, Inc. | c09635e8vk.htm |
EX-10.1 - EXHIBIT 10.1 - PMFG, Inc. | c09635exv10w1.htm |
Exhibit 99.1
PMFG, Inc. (parent of Peerless Mfg. Co.) Announces John Conroy as Vice
President Engineering & Product Development
DALLAS, December 14, 2010 (GLOBE NEWSWIRE) PMFG, Inc. (the Company)
(Nasdaq:PMFG) today announced the appointment of John Conroy to the position of
Vice President Engineering & Product Development. Prior to his appointment,
Mr. Conroy served as the Companys Director of Business Development and Product
Development CEFCO Systems since July 2010.
Prior to joining Peerless, Mr. Conroy was the General Manager of Red Hawk
Texas, a division of United Technologies Corporation from 1996 until July 2010.
While at Red Hawk, Mr. Conroy performed various duties, including managing
business development and sales and assisting with the restructuring of
operations. He also served as the President of Forney Corporation, another
subsidiary of United Technologies Corporation, from 2004 to 2008 and as the
Vice President of Engineering from 2002 to 2004. Mr. Conroy has over 20 years
of sales, engineering and management experience. Mr. Conroy holds an MBA from
Southern Methodist University and a Bachelor of Science in Chemical Engineering
from the University of California at Berkeley.
Peter J. Burlage, Chief Executive Officer, stated, John brings to this
position a wealth of experience and demonstrated leadership in engineering and
product development. He will be instrumental to our success as we continue to
focus on our strategic initiative to provide complete engineered systems to the
markets and industries that we serve. John will continue to function in his
capacity as it relates to the CEFCO product and business development.
About PMFG
We are a leading provider of custom engineered systems and products designed to help ensure that
the delivery of energy is safe, efficient and clean. We primarily serve the markets for power
generation, natural gas infrastructure and petrochemical processing. Headquartered in Dallas,
Texas, we market our systems and products worldwide.
The PMFG, Inc. logo is available at http://www.globenewswire.com/newsroom/prs/?pkgid=5676
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 to be materially different from those expressed
or implied by such forward-looking statements. The words anticipate, preliminary, expect,
believe, intend and similar expressions
identify forward-looking statements. The Private Securities Litigation Reform Act of 1995 provides
a safe harbor for these 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 to differ materially
from the anticipated results expressed in these forward-looking statements. The risks and
uncertainties that may affect the Companys results include the growth rate of the Companys
revenue and market share; the receipt of new, and the non-termination of existing, contracts; the
Companys ability to effectively manage its business functions while growing its business in a
rapidly changing environment; risks associated with the Companys acquisition of Nitram Energy,
including the significant indebtedness that the Company incurred in connection with the
acquisition; the Companys ability to adapt and expand its services in such an environment; the
quality of the Companys plans and strategies; and the Companys ability to execute such plans and
strategies. Other important information regarding factors that may affect the Companys future
performance is included in the public reports that the Company files with the Securities and
Exchange Commission, including the information under Item 1A. Risk Factors in our Annual Report
on Form 10-K for the fiscal year ended June 30, 2010. The Company undertakes no obligation to
update any forward-looking statements to reflect events or circumstances occurring after the date
of this release, or to reflect the occurrence of other events. Readers are cautioned not to place
undue reliance on these forward-looking statements, which speak only as of the date of this
release. 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.