Met-Pro Corporation’s Global Pump Solutions Business Unit Receives International Equipment Order Totaling in Excess of $625,000
HARLEYSVILLE, Pa., Oct. 4, 2011 /PRNewswire/ — Raymond J. De Hont, Chairman and Chief Executive Officer of Met-Pro Corporation (NYSE: MPR), announced today that the Company’s Global Pump Solutions business unit has received an order, totaling more than $625,000, to supply 47 FybrocÃ‚® brand pumps to be installed at a world class aquarium attraction outside of the United States. This order is expected to ship in the fourth quarter of the Company’s current fiscal year.
Met-Pro Global Pump Solutions was selected for this project based on their extensive experience in this field, life-cycle and energy efficiency considerations, as well as the successful installation and performance of their FybrocÃ‚® brand pumps in aquarium, aquaculture and marine-related institutions throughout the world. FybrocÃ‚® pumps, which are virtually unaffected by seawater, are installed in hundreds of aquariums worldwide, including locations in Australia, Barbados, Canary Islands, China, Europe, Grand Cayman, Hong Kong, Korea, Kuwait, Mexico, New Zealand, Republic of Georgia, Russian Federation, Singapore, Taiwan, Thailand, Turkey, and multiple United States locations.
“This order reinforces the FybrocÃ‚® brand’s reputation as the world leader in corrosion resistant fiberglass pumps,” stated De Hont. “It reconfirms Fybroc’s position as the leading pump supplier to sea life aquariums around the world and allows us to remain optimistic that other large projects we are pursuing will soon be released.”
Met-Pro Corporation, with headquarters at 160 Cassell Road, Harleysville, Pennsylvania, is a leading niche-oriented global provider of product recovery, pollution control, fluid handling and filtration solutions. The Company’s diverse and synergistic solutions and products address the world’s growing need for clean air and water, reduced energy consumption and improved operating efficiencies. Through its global sales organization, internationally recognized brands, and operations in North America, South America, Europe and The People’s Republic of China, Met-Pro’s solutions, products and systems are sold to a well-diversified cross-section of customers and markets around the world. For more information, please visit 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 www.met-pro.com.
Contact: Investor Contact: Gary J. Morgan, Joseph Hassett, SVP Senior Vice President of Finance, CFO Gregory FCA Communications 215-723-6751 610-228-2110
SOURCE Met-Pro Corporation