2014

Met-Pro Corporation's Environmental Air Solutions Business Unit Receives $2.1 Million Order

HARLEYSVILLE, Pa., Jan. 7, 2013 /PRNewswire/ -- Met-Pro Corporation (NYSE: MPR) announced today that the Company's Environmental Air Solutions business unit has received a $2.1 million order from a global manufacturer of consumer and industrial building products to supply a Bio-Reaction® brand biological air pollution control system. This order is expected to ship in the third quarter of the Company's next fiscal year.

The unique system, which utilizes Met-Pro's patented Bio-airSPHERES® media for digestion and final breakdown of contaminants, is specifically designed to remove Hazardous Air Pollutants (HAPs), such as formaldehyde and methanol, and convert them to carbon dioxide and water vapor that can be safely released into the atmosphere. It is expected to meet or exceed the customer's emission requirements and also potentially reduce their existing capital and operating costs for air emissions treatment.

"The Bio-Reaction® brand, which utilizes state-of-the-art biological technology, is a perfect complement to our Met-Pro Environmental Air Solutions' dust collection, thermal oxidation, and chemical scrubber technologies. Our 'Total Air Solutions' value proposition allows us to better address the increasingly more stringent environmental regulations and the global focus on greenhouse gas reduction," said Raymond J. De Hont, Met-Pro's Chief Executive Officer and President. "The growing pipeline of opportunities for additional Bio-Reaction® brand orders allows us to remain optimistic about future orders of
this type."

About Met-Pro

Met-Pro Corporation, with headquarters at 160 Cassell Road, Harleysville, Pennsylvania, is a leading niche-oriented global provider of product recovery, pollution control, fluid handling and filtration solutions. The Company's diverse and synergistic solutions and products address the world's growing need for clean air and water, reduced energy consumption and improved operating efficiencies. Through its global sales organization, internationally recognized brands, and operations in North America, South America, Europe and The People's Republic of China, Met-Pro's solutions, products and systems are sold to a well-diversified cross-section of customers and markets around the world. For more information, please visit 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. You should carefully consider the factors discussed in Part I, "Item 1A Risk Factors" in our Annual Report on Form 10-K/A for the year ended January 31, 2012 as filed with the Securities and Exchange Commission.

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 www.met-pro.com.

 

Contact: 

Investor Contact:



Neal E. Murphy 

Joseph Hassett, SVP


Vice President of Finance, CFO 

Gregory FCA Communications 


215-723-6751

610-228-2110

 

SOURCE Met-Pro Corporation



RELATED LINKS
http://www.met-pro.com

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