Met-Pro Corporation's International Division Receives Equipment Order Totaling Approximately $800,000
May 03 2007 - 11:42AM
PR Newswire (US)
HARLEYSVILLE, Pa., May 3 /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 Flex-Kleen Division,
has received an order to supply a total of ten Flex-Kleen baghouse
and cartridge dust collectors for use in a copper mine located in
South America. The total value of this order is approximately
$800,000. The equipment is expected to ship in the third quarter of
the Company's current fiscal year. The dust collectors will be used
to recover valuable copper ore and to reduce nuisance dust
generated in the mining process. This order is from a repeat
customer who is one of the world's leading copper suppliers.
Met-Pro Corporation's Flex-Kleen Division was selected to provide
this equipment based on their extensive experience in product
recovery and nuisance dust applications within the mining industry.
Met-Pro's reputation for responsiveness to customer requirements
was also a major factor as was their previous experience with this
customer. "This order reinforces Flex-Kleen's reputation as a
global supplier of choice for field-proven solutions for tough
product recovery and nuisance dust applications," stated De Hont.
"It follows a $700,000 International Division order announced
earlier this week to supply a thermal oxidizer/scrubber system for
use in a synthetic rubber manufacturing facility located in the
Peoples Republic of China. With these orders, Met-Pro finishes its
first quarter with the highest backlog in the Company's history
totaling $30.0 million. 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 around 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: Investor 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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