Met-Pro Corporation's Systems Division Receives Equipment Order Totaling in Excess of $1.3 Million - Corporation Remains On Track to Achieve Record High Year End Sales and Bookings
Posted on: Wednesday, 25 January 2006, 12:00 CST
HARLEYSVILLE, Pa., Jan. 25 /PRNewswire-FirstCall/ -- Raymond J. De Hont, Chairman and Chief Executive Officer of Met-Pro Corporation , announced today that the Company's Systems Division, in Kulpsville, Pennsylvania, has received an order to modify an existing thermal oxidizer at an ethanol manufacturing facility in the Midwestern United States. The value of the order is in excess of $1.3 million.
The modifications, which are expected to be completed during the second quarter of the fiscal year ending January 31, 2007, will improve the reliability and energy consumption of the thermal oxidizer that removes volatile organic compounds and carbon monoxide from 44,000 SCFM of exhaust. The thermal oxidizer modification is based on state-of-the-art computational fluid dynamics (CFD) analysis and process simulation modeling and will additionally control the emissions of oxides of nitrogen and steam production. Systems Division will design, fabricate and install the modifications.
"This project is another example of Systems Division's growing presence in the ethanol manufacturing marketplace and reinforces their reputation as a supplier of choice for field proven multi-discipline solutions to tough air pollution control problems," stated De Hont. "It follows more than $1.6 million in Systems Division orders announced earlier this month and keeps Met- Pro Corporation on track to achieve record high fourth quarter and year end sales and bookings of new orders, which will result in the highest fiscal year end backlog in the Company's history."
About Met-Pro
Met-Pro Corporation, with headquarters at 160 Cassell Road, Harleysville, Pennsylvania, manufactures and sells product recovery and pollution control equipment for purification of air and liquids and fluid handling equipment for corrosive, abrasive and high temperature liquids. With ten divisions and six wholly-owned subsidiaries, the company, established in 1966, provides products to residential, commercial, industrial and municipal markets that include, but are not limited to, pharmaceuticals, chemicals, petrochemicals, water and aquariums. For more information, please visit http://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 press 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, 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 Web site at http://www.met-pro.com/.
Contact: Investor Contact: Gary J. Morgan, VP of Finance, CFO 215-723-6751 gmorgan@met-pro.com
First Call Analyst: FCMN Contact:
Met-Pro Corporation
CONTACT: Investor Contact: Gary J. Morgan, VP of Finance, CFO,+1-215-723-6751, gmorgan@met-pro.com
Web site: http://www.met-pro.com/
Source: PRNewswire-FirstCall
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