Met-Pro Corporation's Systems Business Unit Receives Equipment Order Totaling Approximately $500,000
03 September 2009 - 11:01PM
PR Newswire (US)
HARLEYSVILLE, Pa., Sept. 3 /PRNewswire-FirstCall/ -- Raymond J. De
Hont, Chairman and Chief Executive Officer of Met-Pro Corporation
(NYSE:MPR), announced today that the Company's Systems business
unit has received an order, totaling approximately $500,000, to
supply a regenerative thermal oxidation (RTO) system to a materials
processing company in the southern United States. This order is
expected to ship during the fourth quarter of the Company's current
fiscal year. The equipment to be supplied will destroy off gases
from a coating process related to natural gas drilling and
extraction. The energy efficient RTO system will significantly
reduce the level of volatile organic compounds emitted to the
atmosphere. "Met-Pro Systems was selected to complete this project
primarily based upon their extensive experience with this
application and the client's confidence in the reliability,
durability and efficiency of their equipment," stated De Hont.
"Their strong reputation for highly energy efficient thermal
oxidizers and ability to uniquely tailor their equipment designs to
exceed customer requirements were also major factors. This order
reinforces Met-Pro Systems' worldwide reputation as a supplier of
choice for field-proven thermal oxidation systems." 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, goodwill impairment, 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
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: Investor Contact: Gary J. Morgan,
Senior Vice President of Finance, CFO, Met-Pro, +1-215-723-6751; or
Joseph Hassett, VP, Gregory FCA Communications, +1-610-228-2110 Web
Site: http://www.met-pro.com/
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