Met-Pro Corporation's Strobic Air Business Unit Receives Equipment Order Totaling in Excess of $800,000
21 January 2010 - 1:07AM
PR Newswire (US)
HARLEYSVILLE, Pa., Jan. 20 /PRNewswire-FirstCall/ -- Raymond J. De
Hont, Chairman and Chief Executive Officer of Met-Pro Corporation
(NYSE:MPR), announced today that the Company's Strobic Air business
unit has received an order, totaling more than $800,000, from a
municipal water treatment facility in the central United States.
This order is expected to ship in the second quarter of the
Company's next fiscal year, which begins on February 1, 2010. For
this project, Strobic Air will supply a total of eighteen (18)
Tri-Stack(TM) fans, which will assist in the dilution of odors from
the wastewater treatment process. Each fan will utilize Strobic
Air's patented Acoustical Silencer Nozzle and Acoustical Windband
technology. Strobic Air was awarded this contract based on their
reputation for supplying best-in-class low profile exhaust systems
that are specifically designed to handle the corrosive environments
found in wastewater treatment applications. All of the fans
included in this order are highly customized to meet the specific
environmental constraints and sound requirements demanded by the
facility. "This order reinforces Strobic Air's reputation as the
supplier of choice for technologically advanced exhaust systems and
represents another example of the diversity of Met-Pro's products
and their ability to provide solutions for complex pollution
control applications," stated De Hont. "It follows a $600,000 order
for air pollution control equipment announced earlier this week and
allows us to remain optimistic about our prospects for future
awards of this type." 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. 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 Gregory FCA
Finance, CFO Communications 215-723-6751 610-228-2110 DATASOURCE:
Met-Pro Corporation CONTACT: Investor Contact: Gary J. Morgan,
Senior Vice President of Finance, CFO, +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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