Met-Pro Corporation's Environmental Air Solutions Business Unit Receives $2.1 Million Order
160 Cassell Rd., P.O. Box 144
Harleysville, PA, 19438 0144
Press release date: January 7, 2013
Harleysville, PA - Met-Pro Corporation (NYSE:MPR) announced today that the Company's Environmental Air Solutions business unit has received a $2.1 million order from a global manufacturer of consumer and industrial building products to supply a Bio-Reaction® brand biological air pollution control system. This order is expected to ship in the third quarter of the Company's next fiscal year.
The unique system, which utilizes Met-Pro's patented Bio-airSPHERES® media for digestion and final breakdown of contaminants, is specifically designed to remove Hazardous Air Pollutants (HAPs), such as formaldehyde and methanol, and convert them to carbon dioxide and water vapor that can be safely released into the atmosphere. It is expected to meet or exceed the customer's emission requirements and also potentially reduce their existing capital and operating costs for air emissions treatment.
"The Bio-Reaction® brand, which utilizes state-of-the-art biological technology, is a perfect complement to our Met-Pro Environmental Air Solutions' dust collection, thermal oxidation, and chemical scrubber technologies. Our 'Total Air Solutions' value proposition allows us to better address the increasingly more stringent environmental regulations and the global focus on greenhouse gas reduction," said Raymond J. De Hont, Met-Pro's Chief Executive Officer and President. "The growing pipeline of opportunities for additional Bio-Reaction® brand orders allows us to remain optimistic about future orders of this type."
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.
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.