Met-Pro Corporation's Strobic Air Subsidiary Receives Equipment Orders Totaling in Excess of $1.2 Million
May 31 2007 - 12:18PM
PR Newswire (US)
HARLEYSVILLE, Pa., May 31 /PRNewswire-FirstCall/ -- Raymond J. De
Hont, Chairman and Chief Executive Officer of Met-Pro Corporation
(NYSE:MPR), announced today that the Company's Strobic Air
subsidiary in Harleysville, Pennsylvania, has received orders to
supply laboratory fume hood exhaust systems, utilizing a total of
thirty-four (34) Tri-Stack(TM) fans, to two premier biomedical
research facilities in the Midwest and Southern United States. The
total combined value of these orders is in excess of $1.2 million.
All of the equipment is expected to ship in the third and fourth
quarters of the Company's current fiscal year. Strobic Air was
awarded these contracts based on their best-in-class reputation for
supplying low profile exhaust systems that are specifically
designed to handle the complex issues of laboratory exhaust. All of
the fans included in these orders will be provided on highly
customized systems to meet the specific space constraints and
height limitations required by each facility. "These orders are
further examples of Strobic Air being recognized as the supplier of
choice for technologically advanced fume hood exhaust systems at
institutional, industrial and government laboratories," said De
Hont. "Together with a steady level of customer interest and
quotation activity for similar type projects, they allow us to
remain optimistic about our prospects for future orders of this
type at Strobic Air." 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:
Investors, 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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