CECO Environmental Announces Six New Orders Totaling $11.1 Million
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NasdaqGM: CECE NEWS RELEASE
CECO ENVIRONMENTAL ANNOUNCES
SIX NEW ORDERS TOTALING $11.1 MILLION
CINCINNATI, OHIO, February 21, 2012 – CECO Environmental Corp. (NasdaqGM: CECE), a leading global provider of air pollution control technology and industrial ventilation systems, announced today that it has recently received six new orders totaling $11.1 million. The orders range in size from $1.1 million to $2.4 million.
These new orders are all from U.S. customers in the refining, metals, power and aluminum industries.
Jeff Lang, CECO’s Chief Executive Officer, commented, “We are very pleased with the considerable amount of new bookings from our U.S. customer base. The improving business environment is allowing us to experience increased bookings, not only domestically, but also globally.”
CECO Environmental is scheduled to announce its Q4 and 2011 full year earnings on March 8th at 8:30 a.m. EST.
ABOUT CECO ENVIRONMENTAL
CECO Environmental is a leading global provider of air pollution control technology. Through its subsidiaries – Busch International, CECO Filters, CECO Abatement Systems, Kirk & Blum, Effox-Flextor, Fisher-Klosterman/Buell, CECO China and A.V.C. Specialists – 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, aluminum, steel, automotive, chemical and large industrial processes. Revenue from engineered equipment technology is approximately 75% and 25% from parts, services and aftermarket. 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 http://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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