JBT Corporation Awarded $5+ Million in Orders for Sterilization Technology
CHICAGO, Aug. 21, 2014 /PRNewswire/ -- JBT Corporation (NYSE: JBT) announced today that the Company has received orders in excess of $5 million for in-container sterilization technology from a packaged foods company.
JBT will supply a comprehensive rebuild package that will transform and modernize the existing continuous hydrostatic sterilization technology and optimize the performance of the current equipment. This will increase the customer's production flexibility, efficiency and capacity.
"This set of orders represents an excellent opportunity for JBT and is an important win for the newly acquired ICS Solutions business under the JBT banner," said Steve Smith, President, JBT FoodTech. "It demonstrates how we partner with our customers to tailor high-capacity solutions that retain the highest quality and the lowest cost per unit of production."
The Company anticipates installing equipment starting in the second quarter of 2015, with systems operational by the third quarter of 2015.
JBT Corporation (NYSE: JBT) is a leading global technology solutions provider to the food processing and air transportation industries. JBT Corporation designs, manufactures, tests and services technologically sophisticated systems and products for regional and multi-national industrial food processing customers through its JBT FoodTech segment and for domestic and international air transportation customers through its JBT AeroTech segment. JBT Corporation employs approximately 3,400 people worldwide and operates sales, service, manufacturing and sourcing operations located in over 25 countries. For more information please visit www.jbtcorporation.com.
This release contains forward-looking statements as defined in the Private Securities Litigation Reform Act of 1995. Forward-looking statements are information of a non-historical nature and are subject to risks and uncertainties that are beyond the Company's ability to control. These risks and uncertainties are described under the caption "Risk Factors" in the Company's Annual Report on Form 10-K filed by the Company with the Securities and Exchange Commission that may be accessed on the Company's website. The Company cautions shareholders and prospective investors that actual results may differ materially from those indicated by the forward-looking statements.
SOURCE JBT Corporation