CECO Environmental Announces New Orders Totaling $19 Million
CINCINNATI, Sept. 18, 2013 /PRNewswire/ -- CECO Environmental Corp. (NasdaqGM: CECE), a leading global environmental technology company focused on critical solutions in the product recovery, air pollution control, fluid handling and filtration segments, announced today that it has received several new orders totaling $19 million.
The new orders spanned a variety of sectors including natural gas, power generation, automotive, food, oil refinery and wind turbines and will be shipped to customers in the United States, Canada, Europe and Asia.
"These orders included several product technologies from the recently acquired Met-Pro division, which is integrating as planned into CECO Environmental," commented Jeff Lang, President and Chief Executive Officer of CECO.
CECO also announced that Raymond J. De Hont, the former President and Chief Executive Officer of Met-Pro Corporation, has retired from the Company. Mr. De Hont will remain as a consultant for the next several months to help ensure the smooth integration of Met-Pro and CECO Environmental.
Mr. Lang continued, "I would like to wish Ray the very best in his retirement and we all thank him for his valued contributions to Met-Pro along with his role in our transformational transaction."
ABOUT CECO ENVIRONMENTAL
CECO Environmental is a leading global environmental technology company focused on critical solutions in the product recovery, air pollution control, fluid handling and liquid filtration segments. 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.
Jason DeZwirek, Chairman
Jeff Lang, Chief Executive Officer
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.