HARLEYSVILLE, Pa., Jan. 19 /PRNewswire-FirstCall/ -- Raymond J. De Hont, Chairman and Chief Executive Office of Met-Pro Corporation (NYSE: MPR), announced today that the Company's Flex-Kleen business unit has received an order, totaling approximately $600,000, to supply a dust collection system for a petroleum coke calcining operation in the Gulf Coast region of the United States. This order is expected to ship in the first quarter of the Company's next fiscal year, which begins on February 1, 2010.
The dust collection system, which includes multiple dust collector modules, will clean the effluent air from a product cooling process following a rotary kiln operation. The system also includes a full access package for the dust collectors and structural steel designed specifically to withstand hurricane force winds, which are not uncommon at this site.
Flex-Kleen was awarded this project based on its ability to meet the customer's highly stringent emission requirements and deliver the system under a strict timetable.
"This order reinforces Flex-Kleen's reputation as a leading supplier of high quality, reliable dust collection equipment and represents another example of Met-Pro's ability to provide uniquely customized solutions to help solve the challenges of protecting our environment while serving business and industry around the world," stated De Hont. "We are encouraged by our success in being selected for this project and remain optimistic that circumstances are improving for the release of other large projects we have been pursuing."
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 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, VP
Senior Vice President of Finance, CFO
Gregory FCA Communications
SOURCE Met-Pro Corporation