November 29, 2007
CECO ENVIRONMENTAL RECEIVES 10 NEW ORDERS TOTALING
APPROXIMATELY $13.5 MILLION
NEW OFFICE OPENED IN MEXICO
BOOKINGS FOR NOVEMBER APPROACH $20 MILLION
NEW YORK, November 29, 2007 -
CECO Environmental Corp (NASDAQ: CECE), a leading provider of air pollution
control and industrial ventilation systems, announced today that it has secured 10
new orders totaling approximately $13.5 million.
Rick Blum, President and Chief Operating Officer, stated, "These orders were
secured by our Kirk & Blum, Effox, CECO Filters, H.M. White, CECO Abatement, and
Busch International subsidiaries. They involve projects for the power, food
processing, automotive, ethanol, and aluminum industries. The largest of the
projects, secured by H.M. White, involves energy management work for a foreign
owned automotive facility in the United States. The second largest, also secured
by H.M. White, is a mist collection system for an automotive facility in Mexico."
Phillip DeZwirek, Chairman and Chief Executive Officer, stated, "We are especially
pleased to announce the new order in Mexico. CECO recently opened an office in
Mexico City which it plans to move to Monterrey in the near future. We expect to
increase the level of business that we do in that country. Our newest acquisition,
GMD, also has a long track record of doing business in Mexico. I am also happy to
announce that, for the second month in a row, our bookings are approximately $20
million. Bookings for the year have now reached $183 million."
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