
Met-Pro Corporation's Strobic Air Business Unit Receives $550,000 Equipment Order
HARLEYSVILLE, Pa., April 13 /PRNewswire-FirstCall/ -- Raymond J. De Hont, Chairman and Chief Executive Officer of Met-Pro Corporation (NYSE: MPR), announced today that the Company's Strobic Air business unit has received an order, totaling approximately $550,000, from a premier University in Western Canada. This order is expected to ship in the second quarter of the Company's current fiscal year.
Strobic Air will supply a total of nine (9) Tri-Stack™ fans mounted on three (3) Energy Recovery Units. The fans, which will provide highly efficient laboratory fume hood exhaust, and the Energy Recovery Units, which will capture energy being exhausted from the building so it can be reused to heat the facility, are both part of Strobic Air's many solutions in support of green initiatives demanded by the marketplace. These systems will also utilize Strobic Air's patented Acoustical Silencer Nozzle and Acoustical Windband technology.
Strobic Air was awarded these contracts based on their reputation for supplying best-in-class low profile exhaust systems that are specifically designed to handle the complex issues of laboratory exhaust.
"These orders represent an excellent example of Met-Pro's growing portfolio of energy-efficient, environmentally-friendly solutions and products," stated De Hont. "We are pleased with the market's continued interest in our industry-leading technologies and remain confident that the Company is well positioned to capitalize on the very powerful trends toward global environmental stewardship, energy efficiency and process improvement."
About Met-Pro
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; 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.
Contact: |
Investor Contact: |
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Gary J. Morgan, |
Joseph Hassett, VP |
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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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