Peerless Mfg. Co. (PMFG) Awarded $6.9 Million Contract

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Peerless Mfg. Co. (Nasdaq: PMFG) has been awarded a contract valued at approximately $6.9 million for the design and supply of Selective Catalytic Reduction (SCR) systems for the reduction of nitrogen oxide (NOx) emissions from 6 combine cycle gas turbines. These turbines are expected to produce 2000 megawatts of electric power generation for an independent power producer at the new power and desalination complex in Mesaieed, Qatar. Peerless received the order from a large HRSG boiler manufacturer in Europe. The equipment is scheduled for delivery throughout calendar year 2008.

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