Met-Pro Corporation’s Environmental Air Solutions Business Unit Receives Equipment Order in Excess of $500,000
HARLEYSVILLE, Pa., April 25, 2013 /PRNewswire/ — Met-Pro Corporation (NYSE: MPR), announced today that the Company’s Environmental Air Solutions business unit has received an order in excess of $500,000 to supply an air pollution control system to a global developer and supplier of specialty industrial chemicals. The system includes a Met-Pro Systems brand regenerative thermal oxidizer and a Duall brand chemical scrubber with a Fybroc® brand recirculation pump from the Company’s Global Pump Solutions business unit. It is expected to ship in the third quarter of the Company’s current fiscal year.
The oxidizer with chemical scrubber system is a unique Met-Pro design, which is integrated into the customer’s manufacturing process to effectively remove hazardous air pollutants (HAPs) and chlorinated volatile organic compounds (VOCs).
“This order demonstrates the combined strength of our engineering, project management, and manufacturing capabilities within the Environmental Air Solutions business unit, and our unique ability to combine products from our various business units into a single source total solution to complex air emissions problems,” said Raymond J. De Hont, Chief Executive Officer and President of Met-Pro Corporation.
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. You should carefully consider the factors discussed in Part I, “Item 1A Risk Factors” in our Annual Report on Form 10-K for the year ended January 31, 2013 as filed with the Securities and Exchange Commission.
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: Neal E. Murphy Joseph Hassett, SVP Vice President of Finance, CFO Gregory FCA Communications 215-723-6751 610-228-2110
SOURCE Met-Pro Corporation