Met-Pro Corporation's Global Pump Solutions Business Unit Receives International Equipment Order Totaling Approximately $800,000
HARLEYSVILLE, Pa., June 22, 2011 /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 a total of six (6) large Fybroc® brand vertical sump pumps to be installed at a mining location outside of the United States. This order is expected to ship in the third quarter of the Company's current fiscal year.
Fybroc® brand non-metallic fiberglass reinforced plastic centrifugal pumps were selected for this mining water application based on their ability to safely and efficiently handle corrosive liquids in difficult service applications.
"This order reinforces the Fybroc® brand's reputation as the world leader in corrosion resistant fiberglass pumps," stated De Hont. "It demonstrates Met-Pro Global Pump Solutions' ability 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. This order, together with more than $1.7 million of international orders for our Strobic Air subsidiary announced earlier this month, is another example of Met-Pro's broad international reach and allows us to remain optimistic that circumstances are indeed improving for the release of other large projects we are pursuing."
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, fluid handling and filtration 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, South America, 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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