HARLEYSVILLE, Pa., Jan. 20 /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 more than $800,000, from a municipal water treatment facility in the central United States. This order is expected to ship in the second quarter of the Company's next fiscal year, which begins on February 1, 2010.
For this project, Strobic Air will supply a total of eighteen (18) Tri-Stack™ fans, which will assist in the dilution of odors from the wastewater treatment process. Each fan will utilize Strobic Air's patented Acoustical Silencer Nozzle and Acoustical Windband technology.
Strobic Air was awarded this contract based on their reputation for supplying best-in-class low profile exhaust systems that are specifically designed to handle the corrosive environments found in wastewater treatment applications. All of the fans included in this order are highly customized to meet the specific environmental constraints and sound requirements demanded by the facility.
"This order reinforces Strobic Air's reputation as the supplier of choice for technologically advanced exhaust systems and represents another example of the diversity of Met-Pro's products and their ability to provide solutions for complex pollution control applications," stated De Hont. "It follows a $600,000 order for air pollution control equipment announced earlier this week and allows us to remain optimistic about our prospects for future awards of this type."
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