Met-Pro Environmental Air Solutions Receives Duall Brand Equipment Order Totaling Approximately $700,000
HARLEYSVILLE, Pa., June 23, 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 $700,000, to supply one of the nations' leading specialty anodizing companies with a Duall brand Beta NOx® chemical scrubber system. This order is expected to ship during the third quarter of the Company's current fiscal year.
The Beta NOx® system is designed to treat acid mist and nitrogen oxides emitted from a metals manufacturing and processing operation. The order includes several multi-stage Duall chemical scrubbers, Fybroc® brand recirculation pumps from the Company's Global Pump Solutions business unit, an exhaust fan, ducting, controls and instrumentation. It will be manufactured at the Met-Pro Environmental Air Solutions facility in Owosso, Michigan and will be installed and commissioned by the Company's Met-Pro Industrial Services group.
"This order reinforces the reputation of the Duall brand as the technology of choice for field-proven acidic mist and NOx emission control systems," stated De Hont. "It also demonstrates that Met-Pro is uniquely qualified to provide our customers with a single source total solution to their complex air emissions problems by taking advantage of the diverse product and service offerings of our multiple businesses. We continue to be pleased by the recent uptick in large project new order activity and remain optimistic that we can expect more orders of this type in the near future."
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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