Met-Pro Corporation's Duall Business Unit Receives Equipment Order Totaling Approximately $770,000
September 29 2009 - 9:22AM
PR Newswire (US)
HARLEYSVILLE, Pa., Sept. 29 /PRNewswire-FirstCall/ -- Raymond J. De
Hont, Chairman and Chief Executive Officer of Met-Pro Corporation
(NYSE:MPR), announced today that the Company's Duall business unit
has received an order, totaling approximately $770,000, to supply
12 replacement scrubber systems for a United States Department of
Defense military installation located in the Southwestern United
States. This order is expected to ship during the fourth quarter of
the Company's current fiscal year ending January 31, 2010. The
order includes nine Duall chemical scrubbers with Fybroc
recirculation pumps, three Hexmaster® high efficiency mist
eliminators, controls, and associated instrumentation. The
equipment will be manufactured in Duall's Owosso, Michigan factory.
"This order follows two other orders for pollution control
equipment, totaling approximately $1.2 million, announced earlier
this month for Duall and our Systems business unit," stated De
Hont. "It reinforces Duall's reputation as a leader in the air
pollution control field and represents another example of Met-Pro's
ability to provide system solutions to help solve the challenges of
protecting our environment while serving business and industry
around the world. We are encouraged by our success in being
selected for these projects and are cautiously optimistic that
circumstances are improving for the release of other large projects
we have been pursuing." About Met-Pro Met-Pro Corporation, with
headquarters at 160 Cassell Road, Harleysville, Pennsylvania, was
recently recognized as one of "America's Fastest Growing Small
Companies" by Fortune Small Business magazine. In 2008, the Company
was also named one of America's "200 Best Small Companies" by
Forbes magazine for the third year in a row. Through its business
units in the United States, Canada, Europe and The People's
Republic of China, a wide range of products and services is 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;
Mefiag filtration technologies for harsh, corrosive liquid
filtration applications; and filtration and purification
technologies which include proprietary water treatment chemicals
and filter products for air and liquid filtration. 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 news 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, goodwill impairment, 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
website at http://www.met-pro.com/. Contact: Investor Contact: Gary
J. Morgan, Joseph Hassett, VP Senior Vice President of Finance, CFO
Gregory FCA Communications 215-723-6751 610-228-2110 DATASOURCE:
Met-Pro Corporation CONTACT: Investors: Gary J. Morgan, Senior Vice
President of Finance, CFO of Met-Pro, +1-215-723-6751; or Joseph
Hassett, VP of Gregory FCA Communications, +1-610-228-2110 Web
Site: http://www.met-pro.com/
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