Met-Pro Corporation's International Division Receives Equipment Orders Totaling in Excess of $500,000
May 24 2007 - 10:20AM
PR Newswire (US)
HARLEYSVILLE, Pa., May 24 /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 orders to supply three dust collectors for use in a
food processing plant in South America and in a petrochemical
facility in South East Asia. The total value of these orders is in
excess of $500,000. All of the equipment is expected to ship in the
third quarter of the Company's current fiscal year. The single dust
collector to be provided to the food processing plant in South
America will remove particulate matter from boiler flue gas in
order meet stringent environmental regulations. The two dust
collectors for the petrochemical facility in South East Asia will
be used to recover polypropylene product from a degassing
operation. Both orders are from new customers. Met-Pro
Corporation's Flex-Kleen Division was selected to provide this
equipment based on their extensive experience in removing
particulates from boiler flue gases and in difficult product
recovery applications in the petrochemical industry. Their
reputation for responsiveness to customer requirements and
technical capability were also a major factor. "These orders, which
follow two other International Division orders totaling $1.5
million announced earlier this month, demonstrate the continued
growth of our international business and the strong demand for our
products worldwide," stated De Hont. "We continue to be pleased by
the steady stream of customer interest in our products and remain
optimistic about our prospects for future awards of this type from
South America, South East Asia, and other regions 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.
Through its divisions and subsidiaries, in four states, Canada,
Europe and The People's Republic of China, a wide range of products
and services are offered for industrial, commercial, and
residential markets. These include Product Recovery and Pollution
Control Technologies for purification of air and liquids; Fluid
Handling Technologies for corrosive, abrasive and high temperature
liquids; and Filtration and Purification Technologies including
proprietary water treatment chemicals and filter products. 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/ . Investor Contact: Gary J. Morgan, VP of
Finance, CFO 215-723-6751 DATASOURCE: Met-Pro Corporation CONTACT:
Gary J. Morgan, VP of Finance, CFO, Met-Pro Corporation,
+1-215-723-6751, Web site: http://www.met-pro.com/
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