Met-Pro Corporation's Strobic Air Business Unit Receives International Equipment Order Totaling Approximately $1.0 Million
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Harleysville, PA - Raymond J. De Hont, Chairman and Chief Executive Officer of Met-Pro Corporation (NYSE:MPR), announced today that the Company's Strobic Air business unit has received an order valued at approximately $1.0 million, for research laboratory fume hood exhaust systems to be installed at a premier university outside of the United States. This order is expected to ship in the third quarter of the Company's current fiscal year.
Strobic Air will supply a total of 11 Tri-Stack® fans, all of which will utilize Strobic Air's patented Acoustical Silencer Nozzle and Acoustical Windband technology, allowing the university to meet local air quality regulations. The order will also include four Energy Recovery Units, which will drastically reduce the laboratory's energy costs.
"This order, together with the more than $700,000 of international orders for Strobic Air systems announced last week, demonstrates Met-Pro's broad international reach and reinforces Strobic Air's reputation for technologically advanced, energy efficient, and environmentally-friendly exhaust systems," stated De Hont. "We are encouraged by our success in being selected for these projects and remain optimistic that circumstances are improving for the release of other large projects we are pursuing."
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 and fluid handling solutions. The Company's diverse and synergistic solutions and products address the world's growing need to meet more stringent emission regulations, reduce energy consumption and employ green technology. 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 metpro. 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.
