Peerless Manufacturing Company (PMFG, Financial) filed Annual Report for the period ended 2010-06-30.
Peerless Manufacturing Company has a market cap of $241.62 million; its shares were traded at around $16.4 with a P/E ratio of 44.32 and P/S ratio of 1.53. PMFG is in the portfolios of Chuck Royce of Royce& Associates.
As energy demand increases, the need for energy infrastructure is also expected to rise. The Pipe Line and Gas Technology construction report estimates that operators are building, planning and studying the feasibility of approximately 55,654 additional miles of natural gas pipeline throughout the world. According to the Interstate Natural Gas Association of America (INGAA) Foundation, Inc., an industry group that sponsors research regarding natural gas use and pipeline construction and operation, approximately $130,000,000 to $160,000,000 of new investment in infrastructure will be required to satisfy energy demand between 2008 and 2030 in the United States and Canada to build an estimated 28,900 to 61,600 miles of additional natural gas pipeline. Internationally, the EIA estimates that approximately 78% of the worlds natural gas reserves are located in the Middle East, Eurasia, Central America and South America, where pipeline systems are generally less developed than the systems in North America. Consequently, new pipeline systems in these regions will need to be constructed to transport natural gas. Additionally, as known reserves of natural gas are depleted, development of other resources, such as deep offshore reserves, will increase, which will require more complex infrastructure.
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Peerless Manufacturing Company has a market cap of $241.62 million; its shares were traded at around $16.4 with a P/E ratio of 44.32 and P/S ratio of 1.53. PMFG is in the portfolios of Chuck Royce of Royce& Associates.
Highlight of Business Operations:
Under the License Agreement, we will pay to CEFCO a one-time license fee of up to $10,000, which is payable in four installments and contingent upon the completion of specified events or milestones. We paid an initial installment payment of $1,100 upon the execution of the License Agreement. Upon successful completion of testing and verification of the CEFCO technology, as performed by us, we will make a second installment payment of $1,400, less our costs of such testing. Upon the receipt of an order to manufacture the equipment for the commercial sale of the CEFCO technology, the Company will make a third installment payment of $2,500. When we receive an aggregate of $50,000 in gross sales revenues from manufacturing orders for the CEFCO technology, we will make the fourth and final installment payment of $5,000.As energy demand increases, the need for energy infrastructure is also expected to rise. The Pipe Line and Gas Technology construction report estimates that operators are building, planning and studying the feasibility of approximately 55,654 additional miles of natural gas pipeline throughout the world. According to the Interstate Natural Gas Association of America (INGAA) Foundation, Inc., an industry group that sponsors research regarding natural gas use and pipeline construction and operation, approximately $130,000,000 to $160,000,000 of new investment in infrastructure will be required to satisfy energy demand between 2008 and 2030 in the United States and Canada to build an estimated 28,900 to 61,600 miles of additional natural gas pipeline. Internationally, the EIA estimates that approximately 78% of the worlds natural gas reserves are located in the Middle East, Eurasia, Central America and South America, where pipeline systems are generally less developed than the systems in North America. Consequently, new pipeline systems in these regions will need to be constructed to transport natural gas. Additionally, as known reserves of natural gas are depleted, development of other resources, such as deep offshore reserves, will increase, which will require more complex infrastructure.
Read the The complete Report
