CECO Environmental Announces Three New Orders Totaling $5.7 Million
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NasdaqGM: CECE NEWS RELEASE
CECO ENVIRONMENTAL ANNOUNCES
THREE NEW ORDERS TOTALING $5.7 MILLION
CINCINNATI, OHIO, December 7, 2011 – CECO Environmental Corp. (NasdaqGM: CECE), a leading provider of air pollution control and industrial ventilation systems, announced today that it has recently received three new orders totaling $5.7 million.
These new orders are all from U.S. customers in the power industry.
Jeff Lang, CECO’s Chief Executive Officer, commented, “We are very pleased with the increased activity and significant orders from our U.S. customer base. We are seeing improved capital expenditure spending in the U.S. that we believe will further contribute to our overall growth in revenues and profitability.”
ABOUT CECO ENVIRONMENTAL
CECO Environmental is a global air pollution company with substantial global operations and revenues. CECO provides a wide spectrum of air quality products and services including engineered equipment, cyclones, scrubbers, dampers, diverters, RTO’s, component parts, and monitoring and management services. Industries served include refining, petro-chemical, power, steel, aluminum, automotive, chemical, and virtually all industrial processes. Revenue from engineered equipment is approximately 75% and 25% from parts and services. Global Growth, Operational Excellence, Margin Expansion, Safety, and Employee Development are CECO’s core competencies and long term objectives.
For more information on CECO Environmental, please visit the company’s website at www.cecoenviro.com.
Jeff Lang, CECO Environmental Corp.
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.
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