Graham Corporation (NYSE Amex:
Three of the five orders are for the renewable energy market. The first renewable energy sector order is for ejectors, condensers and liquid ring vacuum pumps for installation in a geothermal plant in
The remaining two orders are for the oil refining market. These orders involve the supply of ejector systems to a
James R. Lines, Graham’s President and Chief Executive Officer, commented, “These five orders are a continuation of the spurt of activity from our traditional markets. We continue to secure orders in the expanding renewable energy market, which appears to be fairly active at this time. We believe that we have done well this quarter by capitalizing on opportunities where purchase decisions are being made. We believe that our sales approach, and the commitment by the entire company to win these orders within the schedule commitments of our customers, is testament to our flexibility, capability, focus on execution and customer-oriented service approach.”
“While we expect to continue to see strong order activity, we remain somewhat cautious and recognize that order flow will continue to be erratic given the current global economic and political uncertainty,” Mr. Lines concluded.