Met-Pro Corporation's International Division Receives Equipment Order Totaling Approximately $2.7 Million
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Harleysville, PA, November 29 -- Raymond J. De Hont, Chairman and Chief Executive Officer of Met-Pro Corporation (NYSE: MPR), announced today that the Company's International Division, in cooperation with the Company's Duall and Flex-Kleen Divisions, has received an order from a paper mill in South America to supply two boiler flue gas treatment systems utilizing Duall scrubbers and Flex-Kleen dust collectors. The total value of this order is approximately $2.7 million. The equipment is expected to ship in the fourth quarter of the current fiscal year ending January 31, 2008.
The flue gas treatment systems will allow the paper mill to use lower cost fuels in their boilers and still comply with sulfur dioxide and particulate emission regulations, which will result in significant cost savings for the customer.
This order is from a repeat customer who has a similar Met-Pro system in operation at another facility also located in South America. The successful installation and performance of that equipment played a major role in the Company being awarded this new order. Met-Pro's extensive experience and proven track record in providing solutions for difficult air pollution control problems along with its ability to meet the customer's accelerated delivery schedule were also major factors in procuring this order.
"Our ability to uncover new international sales opportunities continues to grow," stated De Hont. "This order is another example of Met-Pro capitalizing on the synergies between our divisions and our ability to package our products. It is also a prime example of Met-Pro's ability to quickly execute large projects to meet accelerated customer delivery requirements. We are excited about the steady stream of customer interest in our products worldwide and remain optimistic about our prospects for the fourth quarter."
About Met-Pro
Met-Pro Corporation, with headquarters at 160 Cassell Road, Harleysville, Pennsylvania, was recently recognized, for the second consecutive year, as one of America's "200 Best Small Companies" by Forbes magazine. The Company was also recently named as one of America's "Top Publicly-Held Manufacturers" by Start-It 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 are 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; and filtration and purification technologies including proprietary water treatment chemicals and filter products. 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 Web site at www.met-pro.com.
