Met-Pro Corporation's International Division Receives Equipment Order Totaling Approximately $700,000
May 01 2007 - 10:54AM
PR Newswire (US)
HARLEYSVILLE, Pa., May 1 /PRNewswire-FirstCall/ -- Raymond J. De
Hont, Chairman and Chief Executive Officer of Met-Pro Corporation
(NYSE:MPR), announced today that the Company's International
Division, in cooperation with the Company's Systems and Duall
Divisions, has received an order to supply a thermal
oxidizer/scrubber system for use in a synthetic rubber
manufacturing facility located in the Peoples Republic of China.
The total value of this order is approximately $700,000. The
equipment is expected to ship in the third quarter of the Company's
current fiscal year. The thermal oxidizer/scrubber system will be
used to treat chlorinated organic compound emissions from a
synthetic rubber manufacturing process. This order is from a repeat
customer who is one of the major petrochemical/chemical companies
in the Peoples Republic of China. Met-Pro Corporation was selected
to provide this equipment based on their previous experience with
this customer and extensive experience in treating chlorinated
organic compound emissions. Met-Pro's reputation for responsiveness
to customer requirements was also a major factor. "This order
reinforces Met-Pro's reputation as a global supplier of choice for
field-proven solutions for tough emission control applications,"
stated De Hont. "We continue to be pleased by the steady growth of
our international business and remain optimistic about our
prospects for future awards of this type from the Peoples Republic
of China as well as other regions of the world." About Met-Pro
Met-Pro Corporation, with headquarters at 160 Cassell Road,
Harleysville, Pennsylvania, was recently recognized as one of
America's "200 Best Small Companies" by Forbes magazine. The
Company, which manufactures and sells product recovery and
pollution control equipment for purification of air and liquids and
fluid handling equipment for corrosive, abrasive and high
temperature liquids, was established in 1966. It provides products
to residential, commercial, industrial and municipal markets that
include, but are not limited to, pharmaceuticals, chemicals,
petrochemicals, water and aquariums. For more information, please
visit http://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 press 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, 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 Web site at
http://www.met-pro.com/. Contact: Investor Contact: Gary J. Morgan,
Senior Vice President of Finance, CFO 215-723-6751, DATASOURCE:
Met-Pro Corporation CONTACT: Gary J. Morgan, Senior Vice President
of Finance, CFO of Met- Pro Corporation, +1-215-723-6751, Web site:
http://www.met-pro.com/
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