CINCINNATI, Jan. 6 /PRNewswire-FirstCall/ -- CECO Environmental Corp. (NasdaqGM: CECE), a leading provider of air pollution control and industrial ventilation systems, announced today that it has secured nine new contracts totaling approximately $8.4 million.
Rick Blum, President and Chief Operating Officer, stated, "These orders were secured by our equipment and contracting groups from clients in the chemical, refining, power, automotive, and cement industries. Four of the customers are in the United States while the others are in Korea, Mexico, Belgium, Venezuela, and Australia."
Phillip DeZwirek, Chairman and Chief Executive Officer, stated, "We are very pleased to be starting 2010 with the continuing momentum of new orders which picked up in late 2009. In the U.S., we see increasing opportunities from the replacement of systems installed under the Clean Air Act of 1970 which now need to meet tighter standards. In addition, we are seeing more stringent enforcement of MACT (Maximum Achievable Control Technology) standards for hazardous air pollutants as applied under Title V of the Clean Air Act. The strong demand we are seeing internationally combined with the increasing opportunities in the U.S. from the aforementioned regulations and the improved economic environment provide optimism for this year and a return to strong operating results."
ABOUT CECO ENVIRONMENTAL
CECO Environmental Corp. is North America's largest independent air pollution control company. Through its subsidiaries -- Busch, CECOaire, CECO Filters, CECO Abatement Systems, kbd/Technic, Kirk & Blum, Effox, GMD, Fisher-Klosterman, Flextor and AVC Specialists -- CECO provides a wide spectrum of air quality services and products including: industrial air filters, environmental maintenance, monitoring and management services, and air quality improvements systems. CECO is a full-service provider to the steel, military, aluminum, automotive, ethanol, aerospace, electric power, semiconductor, chemical, cement, metalworking, glass, foundry and virtually all industrial process industries.
For more information on CECO Environmental, please visit the company's website at www.cecoenviro.com.
Contact: Corporate Information Phillip DeZwirek, CECO Environmental Corp. Email: firstname.lastname@example.org 1-800-606-CECO (2326)
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 assumptions prove incorrect, actual results may vary in material aspects from those currently anticipated.
SOURCE CECO Environmental Corp.