Met-Pro Corporation’s Strobic Air Business Unit Receives International Equipment Orders Totaling in Excess of $700,000
PR Newswire
HARLEYSVILLE, Pa., June 10, 2011
HARLEYSVILLE, Pa., June 10, 2011 /PRNewswire/ — 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 two international orders, totaling more than $700,000, for research laboratory fume hood exhaust systems at two premier universities. These orders are expected to ship in the third and fourth quarters of the Company’s current fiscal year.
Between the two projects, Strobic Air will supply a total of 16 Tri-Stack fans, all of which will also utilize Strobic Air’s patented Acoustical Silencer Nozzle and Acoustical Windband technology. The first order includes four fans mounted on an Energy Recovery Unit, which will not only exhaust fumes from a research laboratory, but will also extract exhaust heat for heating or cooling conditioned makeup air in the laboratory, drastically reducing the laboratory’s energy costs. The second order consists of three 4-fan systems mounted on custom plenums, which will exhaust fumes from a research laboratory allowing the university to meet local air quality regulations.
“These orders are an excellent example of Met-Pro’s diverse portfolio of energy-efficient, environmentally-friendly solutions and products,” stated De Hont. “We are excited about the market’s continued interest in our industry-leading technologies and remain optimistic that we can expect more orders of this type in the future.”
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 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.
Contact: |
||
Investor Contact: |
||
Gary J. Morgan, |
Joseph Hassett, SVP |
|
Senior Vice President of Finance, CFO |
Gregory FCA Communications |
|
215-723-6751 |
610-228-2110 |
|
SOURCE Met-Pro Corporation
Be the first to comment