Met-Pro Corporation's Environmental Air Solutions Business Unit Receives Equipment Order Totaling Approximately $1.6 Million
HARLEYSVILLE, Pa., May 3, 2011 /PRNewswire/ -- Raymond J. De Hont, Chairman and Chief Executive Officer of Met-Pro Corporation (NYSE: MPR), announced today that the Company's Environmental Air Solutions business unit has received an order totaling approximately $1.6 million to supply seven Duall brand air pollution control systems to a United States manufacturer of solar cells. The order is expected to ship in the third quarter of the Company's current fiscal year.
Each system will include multi-stage chemical scrubbers, exhaust fans, controls and instrumentation to treat exhaust gases from a chemical vapor deposition process. The entire order will be manufactured at the Company's Met-Pro Environmental Air Solutions facility in Owosso, Michigan.
"This order demonstrates the Duall brand's enduring reputation for the high quality equipment demanded by emerging technology providers," said De Hont. "It follows an announcement two weeks ago of another order for Duall brand scrubber equipment in excess of $620,000."
About Met-Pro
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.
Contact: |
Investor Contact: |
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Gary J. Morgan, |
Joseph Hassett, SVP |
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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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