Met-Pro's Environmental Air Solutions Business Unit Receives Equipment Orders Totaling in Excess of $1.0 Million
06 February 2010 - 1:09AM
PR Newswire (US)
HARLEYSVILLE, Pa., Feb. 5 /PRNewswire-FirstCall/ -- Raymond J. De
Hont, Chairman and Chief Executive Officer of Met-Pro Corporation
(NYSE:MPR), announced today that the Company's newly-formed
Environmental Air Solutions business unit has received three orders
for its Duall brand air pollution control systems. The first two
systems are for industrial applications, including treatment of
industrial acid gas and particulate emissions from a plasma arc
furnace at a U.S. Army munitions facility, and treatment of sulfur
dioxide emissions from a carbon and graphite manufacturing
facility. The third system is designed for municipal odor control
at a wastewater treatment facility. The combined total of these
orders is more than $1.0 million. Two of the orders are expected to
ship in the second quarter and one is expected to ship in the third
quarter of the Company's current fiscal year ending January 31,
2011. The scope of supply for these orders includes Duall chemical
scrubbers, venturi particulate collectors, exhaust fans, controls
and instrumentation. The chemical scrubbers will utilize horizontal
centrifugal recirculation pumps manufactured by the Company's
Fybroc business unit. All three of the systems will be manufactured
in the Met-Pro Environmental Air Solutions Owosso, Michigan
facility. "These orders demonstrate the strength of the Duall brand
'in both the municipal and industrial air pollution control
markets," said De Hont. "They reinforce Duall's reputation as a
market leader and are further examples of Met-Pro's ability to
provide solutions that utilize our diverse product brands. We are
encouraged by our success in being selected for these projects and
are optimistic that circumstances are improving for the release of
similar 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.
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/. 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, +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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