HARLEYSVILLE, Pa., June 2 /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 subsidiary in Harleysville, Pennsylvania, received an order totaling approximately $600,000 from a nanotechnology laboratory in Western Europe. This order, which is for ten (10) Tri-Stack™ fans to be used for laboratory exhaust, is expected to ship in the third quarter of the Company's current fiscal year.
For this project, Strobic Air will supply six (6) fans mounted on three (3) Energy Recovery Units, which will not only exhaust fumes, but will also extract exhaust heat for heating or cooling conditioned makeup air in the laboratory, drastically lowering the laboratory's energy costs. These systems will also utilize Strobic Air's patented Acoustical Silencer Nozzle and Acoustical Windband technology. The remaining four (4) fans, which will be mounted on two (2) custom plenums, will be used for a combination of acid exhaust and high-temperature clean room smoke exhaust.
Strobic Air was awarded this contract based on their best-in-class reputation for supplying low profile exhaust systems that are specifically designed to handle the complex issues of laboratory exhaust.
"This order is another excellent example of Strobic Air's diverse portfolio of energy-efficient, environmentally-friendly solutions and products," stated De Hont. "Together with a steady level of customer interest and quotation activity for similar type projects, it allows us to remain optimistic about our prospects for future orders of this type at Strobic Air."
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