Met-Pro Corporation, Strobic Air Subsidiary Receives Equipment Order Totaling $600,000
December 03 2003 - 9:20AM
PR Newswire (US)
Met-Pro Corporation, Strobic Air Subsidiary Receives Equipment
Order Totaling $600,000 HARLEYSVILLE, Pa., Dec. 3
/PRNewswire-FirstCall/ -- Raymond J. De Hont, Chairman and Chief
Executive Officer of Met-Pro Corporation , announced today that the
Company's Strobic Air subsidiary, in Harleysville, Pennsylvania,
has received an order to supply a high-profile university in the
midwest United States with a total of twenty (20) Tri-Stack(TM)
fans. The value of this order is approximately $600,000 and the
equipment is expected to ship in the fourth quarter of 2003.
Although Tri-Stack fans are widely recognized for their inherently
quiet performance, 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 the fan.
Strobic Air was awarded this contract based on its reputation for
low profile, quiet solutions for laboratory work station roof
exhaust problems utilizing Strobic's mixed-flow technology combined
with their patented silencer nozzle in thousands of similar
applications. "This order continues Strobic Air's exceptional
performance year-to-date," stated De Hont. "The steady level of
customer interest and quotation activity on similar projects
underscores Strobic Air's position as a leader in the laboratory
fume hood exhaust market and allows us to remain optimistic about
Strobic Air's prospects for future orders." About Met-Pro Met-Pro
Corporation, Harleysville, Pennsylvania, 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. With ten divisions and five
subsidiaries, the company, established in 1966, 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/. Met-Pro stock is traded on the New
York Stock Exchange, Symbol MPR. 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)
contains 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 of purchase orders, 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. 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 Vice President of Finance, CFO
215-723-6751, DATASOURCE: Met-Pro Corporation CONTACT: Investor
Contact: Gary J. Morgan, Vice President of Finance, CFO, Met-Pro
Corporation, +1-215-723-6751, Web site: http://www.met-pro.com/
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