HARLEYSVILLE, Pa., Oct. 12 /PRNewswire/ -- Raymond J. De Hont, Chairman and Chief Executive Officer of Met-Pro Corporation (NYSE: MPR), announced today that the Company's Global Pump Solutions business unit has received an order to supply in excess of three hundred (300) corrosion resistant fiberglass centrifugal pumps for a marine life park at a world class casino resort complex in the heart of Southeast Asia. The combination of horizontal and vertical pumps will be shipped beginning December 2010, with all of the pumps scheduled to ship before the end of the first quarter of the Company's upcoming fiscal year, starting February 1, 2011. The value of this order is $3.7 million, which now represents the single largest order ever received for Fybroc® brand pumps. The marine life park will be a multi-themed seawater and freshwater aquarium with interactive man and animal encounter attractions on a grand scale never seen before. A combination of horizontal end suction and vertical pumps will be utilized for seawater circulation and filtration, both of which are critical to proper management of the aquarium's life support systems.
The Fybroc® brand was selected for this project based on its extensive experience in aquarium and marine-related applications, which includes the successful installation and performance of their pumps in aquarium and marine-related institutions throughout the world. Fybroc® pumps, which are virtually unaffected by seawater, are installed in hundreds of aquariums worldwide, including locations in Australia, the Bahamas, Barbados, the Canary Islands, China, Dubai, Europe, Grand Cayman, Hong Kong, Japan, Korea, Kuwait, Malaysia, Mexico, New Zealand, Taiwan, Thailand, and multiple United States locations.
"The Fybroc® brand's reputation for superior performance, reliability, support, and service continues to make it the aquarium and marine-related industries' preferred choice for critical seawater circulation and filtration systems around the world," stated De Hont. "Met-Pro Global Pump Solutions continues to work closely with engineers, contractors and end customers to provide the best solution to meet their needs including quality, delivery, service, and energy efficiency. The receipt of this order reconfirms the position of Fybroc® as the leading brand of pumps for sea life aquariums around the world."
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.
Gary J. Morgan,
Joseph Hassett, SVP
Senior Vice President of Finance, CFO
Gregory FCA Communications
SOURCE Met-Pro Corporation