HARLEYSVILLE, Pa., Aug. 2, 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, totaling more than $2.0 million, to supply six Duall brand air pollution control systems to a leading manufacturer serving the aerospace industry. The order is expected to ship in the fourth quarter of the Company's current fiscal year.
The systems, which include three chemical scrubbers and three mist eliminators complete with control panels, ducting, and exhaust fans, are designed to treat alkaline and acid mists emitted from a metal finishing operation. The scrubbers utilize Fybroc® brand recirculation pumps from the Company's Global Pump Solutions business unit. Installation of the systems will be managed by Met-Pro's Industrial Services group.
"This order illustrates Met-Pro Environmental Air Solutions' unique ability to provide customers with a single source of solutions from equipment design, through procurement, installation and commissioning," stated De Hont. "It is also an example of Met-Pro's diverse and synergistic product offerings. The recent pace of large project new orders, which now total more than $9 million since June 1, and strong quotation activity allow us to remain optimistic that we will receive more orders of this type in the near future."
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 the United States, Canada, 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.
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.
Gary J. Morgan,
Joseph Hassett, SVP
Senior Vice President of Finance, CFO
Gregory FCA Communications
SOURCE Met-Pro Corporation