Met-Pro Corporation’s Environmental Air Solutions Business Unit Receives Equipment Order Totaling Approximately $500,000
HARLEYSVILLE, Pa., March 27, 2012 /PRNewswire/ — Met-Pro Corporation (NYSE: MPR) today announced that the Company’s Environmental Air Solutions business unit has received an order of approximately $500,000 to supply three Duall brand air pollution control systems for a metals anodizing operation located in the Eastern United States. The order is expected to ship in the third quarter of the current fiscal year.
The systems include Duall brand exhaust fans, ducting, and packed bed scrubbers to reduce acid mist emissions. The packed bed scrubbers utilize Sethco® brand recirculation pumps from the Company’s Global Pump Solutions business unit.
“This order is another example of Met-Pro’s diverse and synergistic product offerings. It demonstrates the strength that comes from the combination of the engineering, project management, and manufacturing capabilities of the Met-Pro Environmental Air Solutions business unit that provides customers with a unique, single source, total solution to their complex air emission challenges,” said Raymond J. De Hont, Chairman and Chief Executive Officer. “It also reinforces the reputation of the Duall brand as a leader in this field and 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, 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: 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