Met-Pro Corporation's Strobic Air Subsidiary Receives Equipment Order Totaling Approximately $500,000
August 22 2007 - 9:20AM
PR Newswire (US)
HARLEYSVILLE, Pa., Aug. 22 /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 an order to
supply laboratory fume hood exhaust systems, utilizing a total of
twelve (12) Tri-Stack(TM) fans, to a prestigious hospital medical
research facility in the Northeastern United States. The total
value of this order is approximately $500,000. All of the equipment
is expected to ship in the Company's next fiscal year ending
January 31, 2009. Strobic Air was awarded this contract 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 this order will
utilize Strobic Air's patented acoustical silencer nozzles to
further reduce sound output levels at the discharge of these
inherently quiet fans. "This order is a further example 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, it allows 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, and as one of America's "Top
Publicly-Held Manufacturers" by Start-It magazine. Through its
business units, in the United States, Canada, Europe and The
People's Republic of China, a wide range of products and services
are offered for industrial, commercial, municipal and residential
markets worldwide. 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/. 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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