Global Power Equipment Group Announces New Orders Totaling >$50 Million
IRVING, Texas, March 9, 2015 (GLOBE NEWSWIRE) -- Global Power Equipment Group Inc. (NYSE:GLPW) ("Global Power" or "Company") announced today that its Williams operating division has been awarded over $50 million of orders for two projects within its Nuclear Services business. Under the agreement, Williams will provide design/engineering, procurement and construction services, which include necessary labor, equipment and materials to design, procure, fabricate, install, construct and test modifications associated with Fire Protection.
Ross Marcoot, President of Global Power Services, commented, "We are very pleased with the significant new business wins as our focus on value-added service solutions continues to show very positive results. We not only assist our customers with the design, procurement and implementation, but also offer them predictability within their budget and schedule."
About Global Power
Texas-based Global Power Equipment Group Inc. is a design, engineering and manufacturing firm providing a broad array of equipment and services to the global power infrastructure, energy and process industries. It is comprised of three segments. Product Solutions includes two primary product categories: Auxiliary Products designs, engineers and manufactures a comprehensive portfolio of equipment for utility-scale natural gas turbines while Electrical Solutions provides custom configured electrical houses and generator enclosures for the midstream oil & gas industry, the power generation market to include distributed and backup power as well as other industrial and commercial operations. Energy Services provides lifecycle maintenance, repair, construction and fabrication services for the industrial, chemical/petrochemical process, oil and gas and power generation industries. Nuclear Services provides on-site specialty support, outage management and maintenance services to domestic utilities' nuclear power facilities. The Company routinely provides information at its website: www.globalpower.com.
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Released March 9, 2015