CHICAGO, May 7, 2010 /PRNewswire via COMTEX/ --JBT Corporation (NYSE: JBT) announced today that its JBT FoodTech business has signed contracts valued at $5.4 million to supply freezing solutions for two Germany-based food processing plants. The contracts are with OSI Food Solutions GmbH, a German subsidiary of the Chicago-based OSI Group. The OSI Group is a global leader in providing quality food products to many of the world's leading food companies and quick service restaurants.
JBT FoodTech will supply one OSI plant with a higher capacity, lower operating cost hamburger patty freezing line to replace cryogenic freezing lines. At another OSI plant, a new freezer system was designed for freezing poultry products and providing higher throughput and operating availability than existing equipment. Both new freezing solutions will utilize JBT FoodTech's unique high performance, energy efficient FRIGoPAK(R) refrigeration system.
"We are very pleased with OSI's confidence in JBT's leading freezing technologies," said Torbjorn Arvidsson, Vice President and Division Manager for JBT FoodTech's Food Solutions and Services Division. "This project is an excellent example of how JBT FoodTech partners with global customers and supports the development of regional food industries."
The orders were received between March and April and both projects are scheduled for completion in the third quarter of 2010.
JBT Corporation (NYSE: JBT) is a leading global technology solutions provider to the food processing and air transportation industries. JBT Corporation designs, manufactures, tests and services technologically sophisticated systems and products for regional and multi-national industrial food processing customers through its JBT FoodTech segment and for domestic and international air transportation customers through its JBT AeroTech segment. JBT Corporation employs approximately 3,300 people worldwide and operates sales, service, manufacturing and sourcing operations located in over 25 countries. For more information please visit www.jbtcorporation.com orwww.jbtfoodtech.com.
This release contains forward-looking statements as defined in the Private Securities Litigation Reform Act of 1995. Forward-looking statements are information of a non-historical nature and are subject to risks and uncertainties that are beyond the Company's ability to control. These risks and uncertainties are described under the caption "Risk Factors" in the Company's Annual Report on Form 10-K filed by the Company with the Securities and Exchange Commission that may be accessed on the Company's website. The Company cautions shareholders and prospective investors that actual results may differ materially from those indicated by the forward-looking statements.
SOURCE JBT Corporation