HARLEYSVILLE, Pa., Nov. 1, 2011 /PRNewswire/ -- Raymond J. De Hont,
Chairman and Chief Executive Officer of Met-Pro Corporation (NYSE:
MPR), announced today that the Company's Environmental Air
Solutions business unit has received orders valued at approximately
$1.4 million, to supply two
multi-technology air pollution control systems to a large
industrial products manufacturer. These orders are expected to ship
in the first quarter of the Company's next fiscal year.
Both systems will include a series of Duall brand venturi and
chemical scrubbers along with a Met-Pro® Systems brand thermal
oxidizer. They will treat industrial furnace emissions containing a
complex mixture of particulates, Sulfur Dioxide, and Nitrogen
Oxides.
"This order, which includes the technologies of multiple Met-Pro
brands, demonstrates the combined strength of our engineering,
project management, manufacturing and service capabilities, and
underscores the ability of the Environmental Air Solutions business
unit to provide customers with a single source 'total solution' to
address their complex air emission needs," said De Hont. "Together
with the $3.5 million order announced
last week by the Environmental Air Solutions business unit, they
reinforce our reputation for providing technologically advanced,
energy-efficient, and environmentally-friendly air pollution
control solutions and allow us to remain optimistic regarding other
large projects we are pursuing."
About Met-Pro
Met-Pro Corporation, with headquarters at 160 Cassell Road,
Harleysville, Pennsylvania, is a
leading niche-oriented global provider of product recovery,
pollution control, fluid handling and filtration solutions. The
Company's diverse and synergistic solutions and products address
the world's growing need for clean air and water, reduced energy
consumption and improved operating efficiencies. Through its global
sales organization, internationally recognized brands, and
operations in North America,
South America, Europe and The
People's Republic of China, Met-Pro's solutions, products
and systems are sold to a well-diversified cross-section of
customers and markets around the world. For more information,
please visit 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
www.met-pro.com.
Contact:
|
Investor Contact:
|
|
|
|
Gary J. Morgan,
|
Joseph Hassett, SVP
|
|
|
Senior Vice President of
Finance, CFO
|
Gregory FCA
Communications
|
|
|
215-723-6751
|
610-228-2110
|
|
|
|
|
SOURCE Met-Pro Corporation