Met-Pro Corporation's Environmental Air Solutions Business Unit Receives Equipment Order in Excess of $ 600,000
HARLEYSVILLE, Pa., Feb. 5, 2013 /PRNewswire via COMTEX/ --
Met-Pro Corporation (NYSE: MPR), announced today that the Company's Environmental Air Solutions business unit has received an order, totaling more than $ 600,000, to supply a Systems brand regenerative thermal oxidizer to a major Canadian alternative energy company for the purification of landfill gases at a renewable energy facility. The order is expected to ship in the third quarter of the Company's current fiscal year.
The oxidizer system is a unique Met-Pro design which is integrated into the customer's proprietary process to improve the fuel quality of naturally produced methane gas.
"This order demonstrates our continuing strong presence in the emerging green fuels market and reinforces the reputation of Met-Pro Corporation as a leader in this field," said De Hont.
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.
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. You should carefully consider the factors discussed in Part I, "Item 1A Risk Factors" in our Annual Report on Form 10-K/A for the year ended January 31, 2012 as filed with the Securities and Exchange Commission.
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:
Neal E. Murphy Joseph Hassett, SVP
Vice President of Finance, CFO Gregory FCA Communications
SOURCE Met-Pro Corporation
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