Met-Pro Corporation’s Environmental Air Solutions Business Unit Receives Equipment Order in South America Valued at Approximately $675,000
HARLEYSVILLE, Pa., Feb. 13, 2012 /PRNewswire/ — Raymond J. De Hont, Chairman and Chief Executive Officer of Met-Pro Corporation (NYSE:MPR), announced today that the Company’s Environmental Air Solutions business unit has received an order valued at approximately $675,000 to supply a Flex-Kleen® brand dust collection system to a global mining company for one of their facilities located in South America. The system, which includes dust collectors, material handling equipment, and exhaust fans, is expected to ship in the second quarter of the Company’s current fiscal year.
“Met-Pro Environmental Air Solutions works closely with engineers, contractors and end customers around the world to provide the best solutions to meet their product recovery and pollution control needs,” stated De Hont. “This order is another example of how the mining industry recognizes Met-Pro Environmental Air Solutions as a global leader in the product recovery and pollution control field. In addition, this project in South America opens a new, exciting, and rapidly expanding market that gives us continued optimism for future orders of this type.”
Met-Pro Corporation, with headquarters at 160 Cassell Road, Harleysville, Pennsylvania, is a leading niche-oriented global provider of product recovery, pollution control and fluid handling solutions. The Company’s diverse and synergistic solutions and products address the world’s growing need to meet more stringent emission regulations, reduce energy consumption and employ green technology. Through its global sales organization, internationally recognized brands, and operations in the United States, Canada, 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: Raymond J. De Hont Joseph Hassett, SVP Chairman and Chief Executive Officer Gregory FCA Communications 215-723-6751 610-228-2110
SOURCE Met-Pro Corporation