Met-Pro’s Environmental Air Solutions Business Unit Receives Equipment Orders Totaling in Excess of $800,000
Raymond J. De Hont, Chairman and Chief Executive Officer of Met-Pro Corporation (NYSE:MPR – News), announced today that the Company’s Environmental Air Solutions business unit has received two orders to supply Duall brand air pollution control systems. The first order is for a Duall chemical scrubber system, which will remove toxic ammonia emissions from an industrial refrigeration and chilling operation at a large pharmaceutical manufacturing facility. The second order is for a Duall degasification system for a municipality in the southern United States. The combined total of these orders is more than $800,000.
The chemical scrubber system, which will utilize a TRI-STACK mixed flow exhaust fan from the Company’s Strobic Air business unit, and horizontal centrifugal recirculation pumps manufactured by the Company’s Fybroc business unit, is expected to ship in the second quarter of the Company’s current fiscal year ending January 31, 2011. The degasifier system will be constructed of the business unit’s unique NSF approved DUALLastÂ® fiberglass reinforced plastic construction and is expected to ship in the fourth quarter of the Company’s current fiscal year. Both systems will be manufactured in the Met-Pro Environmental Air Solutions’ Owosso, Michigan facility.
“These orders follow more than $1.0 million in orders for Duall brand equipment and systems announced last week,” said De Hont. “They represent further examples of Met-Pro’s ability to provide synergistic solutions that integrate multi-discipline technologies from the Company’s diverse product brands and reinforces the Duall brand’s worldwide reputation as a product of choice for field-proven air pollution control systems. We continue to be encouraged by our success in being selected for these projects and remain optimistic that we can build on this success to achieve similar awards of this type in the future.”
Met-Pro Corporation, with headquarters at 160 Cassell Road, Harleysville, Pennsylvania, was recently recognized as one of “America’s Fastest Growing Small Companies” by Fortune Small Business magazine. Through its business units in the United States, Canada, Europe and The People’s Republic of China, a wide range of products and services is offered for industrial, commercial, municipal and residential markets worldwide. These include product recovery and pollution control technologies for purification of air and liquids; fluid handling technologies for corrosive, abrasive and high temperature liquids; Mefiag filtration technologies for harsh, corrosive liquid filtration applications; and filtration and purification technologies which include proprietary water treatment chemicals and filter products for air and liquid filtration. 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.