Met-Pro Corporation's Environmental Air Solutions Business Unit Receives Flex-Kleen® Brand Equipment Order Totaling Approximately $500,000
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Harleysville, PA, August 18, 2011 - Raymond J. De Hont, Chairman and Chief Executive Officer of Met-Pro Corporation (NYSE:MPR), announced today that the Company's Environmental Air Solutions business unit has received an order, totaling approximately $500,000, to supply multiple Flex-Kleen® brand dust collectors to a Fortune 100 company. The order is expected to ship in the fourth quarter of the Company's current fiscal year.
The system, which will collect particulate from an industrial boiler application, also includes a variety of accessories including manifold ductwork, dampers, screw conveyors and rotary airlocks.
"This order adds to the recent pace of large project new orders, which now total more than $9.5 million since June 1," said De Hont. "It demonstrates our continuing strong presence in the particulate control market and reinforces Met-Pro's unique ability to provide a single source total solution for complex air emission applications. Our pipeline of large project quotations and strong quotation activity allows us to remain optimistic for future orders of this type."
About Met-Pro
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 the United States, Canada, 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.
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.
