Met-Pro's Environmental Air Solutions Business Unit Receives Equipment Orders Totaling in Excess of $800,000
February 12 2010 - 8:50AM
PR Newswire (US)
HARLEYSVILLE, Pa., Feb. 12 /PRNewswire/ -- Raymond J. De Hont,
Chairman and Chief Executive Officer of Met-Pro Corporation
(NYSE:MPR), announced today that the Company's Environmental Air
Solutions business unit has received two orders to supply Duall
brand air pollution control systems. The first order is for a Duall
chemical scrubber system, which will remove toxic ammonia emissions
from an industrial refrigeration and chilling operation at a large
pharmaceutical manufacturing facility. The second order is for a
Duall degasification system for a municipality in the southern
United States. The combined total of these orders is more than
$800,000. The chemical scrubber system, which will utilize a
TRI-STACK(TM) mixed flow exhaust fan from the Company's Strobic Air
business unit, and horizontal centrifugal recirculation pumps
manufactured by the Company's Fybroc business unit, is expected to
ship in the second quarter of the Company's current fiscal year
ending January 31, 2011. The degasifier system will be constructed
of the business unit's unique NSF approved DUALLast® fiberglass
reinforced plastic construction and is expected to ship in the
fourth quarter of the Company's current fiscal year. Both systems
will be manufactured in the Met-Pro Environmental Air Solutions'
Owosso, Michigan facility. "These orders follow more than $1.0
million in orders for Duall brand equipment and systems announced
last week," said De Hont. "They represent further examples of
Met-Pro's ability to provide synergistic solutions that integrate
multi-discipline technologies from the Company's diverse product
brands and reinforces the Duall brand's worldwide reputation as a
product of choice for field-proven air pollution control systems.
We continue to be encouraged by our success in being selected for
these projects and remain optimistic that we can build on this
success to achieve similar awards of this type in the future."
About Met-Pro Met-Pro Corporation, with headquarters at 160 Cassell
Road, Harleysville, Pennsylvania, was recently recognized as one of
"America's Fastest Growing Small Companies" by Fortune Small
Business magazine. Through its business units in the United States,
Canada, Europe and The People's Republic of China, a wide range of
products and services is offered for industrial, commercial,
municipal and residential markets worldwide. These include product
recovery and pollution control technologies for purification of air
and liquids; fluid handling technologies for corrosive, abrasive
and high temperature liquids; Mefiag filtration technologies for
harsh, corrosive liquid filtration applications; and filtration and
purification technologies which include proprietary water treatment
chemicals and filter products for air and liquid filtration. For
more information, please visit http://www.met-pro.com/. The Private
Securities Litigation Reform Act of 1995 provides a "safe harbor"
for forward-looking statements. Certain information included in
this news release, and other materials filed or to be filed with
the Securities and Exchange Commission (as well as information
included in oral or other written statements made or to be made by
the Company), contain statements that are forward-looking. Such
statements may relate to plans for future expansion, business
development activities, capital spending, financing, the effects of
regulation and competition, or anticipated sales or earnings
results. Such information involves risks and uncertainties that
could significantly affect results in the future and, accordingly,
such results may differ from those expressed in any forward-looking
statements made by or on behalf of the Company. These risks and
uncertainties include, but are not limited to, those relating to,
the cancellation or delay of purchase orders and shipments, product
development activities, goodwill impairment, computer systems
implementation, dependence on existing management, the continuation
of effective cost and quality control measures, retention of
customers, global economic and market conditions, and changes in
federal or state laws. Met-Pro common shares are traded on the New
York Stock Exchange, symbol MPR. To obtain an Annual Report or
additional information on the Company, please call 215-723-6751 and
ask for the Investor Relations Department, or visit the Company's
website at http://www.met-pro.com/. Contact: Investor Contact: Gary
J. Morgan Joseph Hassett, VP Senior Vice President of Finance, CFO
Gregory FCA Communications 215-723-6751 610-228-2110 DATASOURCE:
Met-Pro Corporation CONTACT: Investors, Gary J. Morgan, Senior Vice
President of Finance, CFO, +1-215-723-6751; or Joseph Hassett, VP,
Gregory FCA Communications, +1-610-228-2110 Web Site:
http://www.met-pro.com/
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