Met-Pro Corporation's Environmental Air Solutions Business Unit Receives Equipment Order in Excess of $620,000
HARLEYSVILLE, Pa., April 19, 2011 /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 an order in excess of $620,000 to supply a Duall brand air pollution control system to a large industrial facility specializing in precious metals recovery. The order is expected to ship in the third quarter of the current fiscal year.
This multi-stage system utilizes a series of custom designed cyclonic separators, venturis and packed bed scrubbers to treat fine particulates, enhance heavy metals removal and reduce acid gas emissions from a hot process exhaust air stream. The system also utilizes Fybroc® brand recirculation pumps from the Company's Global Pump Solutions business unit and will rely on the Met-Pro Industrial Services group to provide field services.
"This order demonstrates the combined strength of the engineering, project management, manufacturing and service capabilities of the Environmental Air Solutions business unit, which is uniquely qualified to provide customers with a single source total solution to their complex air emissions problems," said De Hont. "It reinforces the reputation of the Duall brand as a leader in this field and gives us continued optimism for 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 and fluid handling solutions. The Company's diverse and synergistic solutions and products address the world's growing need to meet more stringent emission regulations, reduce energy consumption and employ green technology. Through its global sales organization, internationally recognized brands, and operations in the United States, Canada, 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.
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: |
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Gary J. Morgan, |
Joseph Hassett, SVP |
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Senior Vice President of Finance, CFO |
Gregory FCA Communications |
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215-723-6751 |
610-228-2110 |
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SOURCE Met-Pro Corporation
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