Met-Pro Corporation's Duall Business Unit Wins $2.8 Million in New Equipment Orders
05 November 2009 - 1:39AM
PR Newswire (US)
HARLEYSVILLE, Pa., Nov. 4 /PRNewswire-FirstCall/ -- Raymond J. De
Hont, Chairman and Chief Executive Office of Met-Pro Corporation
(NYSE:MPR), announced today that the Company's Duall business unit
has received two orders, totaling approximately $2.8 million, from
two municipal water treatment facilities. One, valued at $2.2
million, is to supply three odor control and six water purification
systems. The second, valued at approximately $600,000, is to supply
two Duall degasifier systems, complete with Duall exhaust fans.
Both projects are located in the Southern United States and are
expected to ship during the Company's next fiscal year, which
begins February 1, 2010. The odor control and water purification
systems will reduce harmful and hazardous odors by removing
hydrogen sulfide and carbon dioxide at the water treatment plant's
filtration and processing operation. The systems include Duall
forced draft aerators, odor control scrubbers utilizing the
Company's Fybroc pumps for recirculation, and exhaust fans. The
degasifiers will remove hydrogen sulfide and carbon dioxide
dissolved gases from contaminated groundwater as part of the
process designed to make the groundwater suitable for public use.
Both orders will be manufactured in Duall's Owosso, Michigan
factory using Duall's unique NSF approved DUALLast® fiberglass
reinforced plastic construction with thermoplastic inner liner for
greater corrosion resistance and extended service life. "These
orders demonstrate Duall's continuing strong presence in the
municipal water and wastewater markets and represent another
example of Met-Pro's ability to provide solutions that utilize our
diverse product brands," said De Hont. "Both orders were received
during the Company's fiscal third quarter ended October 31, 2009,
allowing us to achieve the highest quarterly booking total year to
date. We are encouraged by our success in being selected for these
projects and remain optimistic that circumstances are continuing to
improve 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 Gregory FCA of
Finance, CFO 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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