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A new filtering method is presented which extends the SureShrink algorithm by eliminating the peak noise in the wavelet transformed signal to improve the overall filtering properties. Data from industrial plants always contain some peak noise, but ‘denoise’ algorithms such as ‘SureShrink’ can have difficulty in handling sudden large excursions in the corrupting noise. In the new algorithm the peak noise is reduced prior to filtering using the SureShrink algorithm. The pre-screened data can be used to build a number of projections to latent structures regression models. Data from an industrial fluidized bed reactor is used to evaluate the new algorithm, which demonstrates improved performance in terms of improved modeling capability through use of the new data pre-filtering algorithm.