Dallas-based Peerless Mfg. Co. subsidiary awarded $3.8 million contract for separation equipment

by PegNews wire

The contract calls for separation work in Libya.

DALLAS — Peerless Mfg. Co. today announced that its subsidiary, Peerless Europe Limited, was awarded a contract valued at approximately $3.8 million. Peerless will design and supply packaged separation systems that will separate both oil and water from natural gas for several oil/gas production facilities in Libya. The equipment is scheduled for delivery in the third quarter of fiscal year 2009.

Peter J. Burlage, Chief Executive Officer of the Company, stated, "This contract win represents another solid example of our international capabilities and our ability to provide customers with high quality specialty engineered products. The worldwide demand for natural gas continues to be an important growth driver and we are well positioned to build our future bookings pipeline as energy producers continue to expand and upgrade their facilities."

Peerless Mfg. Co. is engaged in the business of designing, engineering, manufacturing and selling highly specialized products used for the abatement of air pollution and products for the separation and filtration of contaminants from gases and liquids.

Source: Peerless Mfg. Co.