Met-Pro Corporation's Systems Business Unit Receives Equipment Order Totaling Approximately $800,000
05 Outubro 2009 - 11:44AM
PR Newswire (US)
HARLEYSVILLE, Pa., Oct. 5 /PRNewswire-FirstCall/ -- Raymond J. De
Hont, Chairman and Chief Executive Officer of Met-Pro Corporation
(NYSE:MPR), announced today that the Company's Systems business
unit has received an order, totaling approximately $800,000, to
supply a thermal oxidizer system to a chemicals company in the
southern United States. This order is expected to ship during the
fourth quarter of the Company's current fiscal year. The thermal
oxidizer system, which includes an integrated quench/scrubber
system supplied by Met-Pro's Duall business unit, will destroy
chlorine and fluorine-laden off gases from ground water and soil
remediation sources and remove the resulting acid gases from the
thermal oxidizer flue gas. The system also includes heat
recuperation to minimize auxiliary fuel consumption and maximize
energy efficiency. "This order follows three other orders for
pollution control equipment, totaling approximately $2.0 million,
announced in September," stated De Hont. "It represents another
example of Met-Pro's ability to provide synergistic solutions that
integrate multi-discipline technologies from the Company's diverse
product brands and reinforces Met-Pro Systems' worldwide reputation
as a supplier of choice for field-proven thermal oxidation systems.
Met-Pro Systems was selected by this repeat customer based on their
extensive experience with similar complex applications and the
client's confidence in the reliability, durability and efficiency
of Met-Pro's products. In addition, Met-Pro's ability to package a
comprehensive solution utilizing multiple Met-Pro technologies was
also a major factor. We continue to be encouraged by our success in
being selected for these projects and remain cautiously optimistic
that circumstances are improving for the release of other large
projects we have been pursuing." About Met-Pro 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. In 2008, the Company
was also named one of America's "200 Best Small Companies" by
Forbes magazine for the third year in a row. 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 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 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, goodwill impairment, 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 website at http://www.met-pro.com/. Contact:
Investor Contact: Gary J. Morgan, Joseph Hassett, VP Senior Vice
President of Finance, CFO Gregory FCA Communications 215-723-6751
610-228-2110 DATASOURCE: Met-Pro Corporation CONTACT: Investors:
Gary J. Morgan, Senior Vice President of Finance, CFO,
+1-215-723-6751; or Joseph Hassett, VP of Gregory FCA
Communications, +1-610-228-2110 Web Site: http://www.met-pro.com/
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