Met-Pro Corporation’s Global Pump Solutions Business Unit Receives International Equipment Order Totaling Approximately $6.0 Million
HARLEYSVILLE, Pa., April 19, 2012 /PRNewswire/ — Met-Pro Corporation (NYSE: MPR) today announced that the Company’s Global Pump Solutions business unit has received an order, totaling approximately $6.0 million, to supply 407 Fybroc® brand pumps for a very large-scale ocean kingdom attraction located outside of the United States. This order is expected to ship in the second and third quarters of the Company’s current fiscal year.
Met-Pro Global Pump Solutions was selected for this project based on the Fybroc® brand’s extensive experience in this field, life-cycle and energy efficiency considerations, as well as the successful installation and performance of Fybroc® brand pumps in aquarium, aquaculture and marine-related institutions around the world. Fybroc® pumps, which are virtually unaffected by saltwater, 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 is by far the largest single order for Fybroc® brand pumps ever,” stated De Hont. “It demonstrates Met-Pro Global Pump Solutions’ strong global presence and reinforces the Fybroc® brand’s reputation as the preferred choice for critical saltwater applications around the world. This order allows us to remain optimistic regarding other large projects we are pursuing.”
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