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MPR Met-Pro Corp.

13.60
0.00 (0.00%)
17 Dec 2024 - Closed
Delayed by 15 minutes
Share Name Share Symbol Market Type
Met-Pro Corp. NYSE:MPR NYSE Ordinary Share
  Price Change % Change Share Price High Price Low Price Open Price Shares Traded Last Trade
  0.00 0.00% 13.60 0.00 00:00:00

Met-Pro's Environmental Air Solutions Business Unit Receives Equipment Orders Totaling in Excess of $1.0 Million

05/02/2010 2:09pm

PR Newswire (US)


Met Pro (NYSE:MPR)
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From Dec 2019 to Dec 2024

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HARLEYSVILLE, Pa., Feb. 5 /PRNewswire-FirstCall/ -- Raymond J. De Hont, Chairman and Chief Executive Officer of Met-Pro Corporation (NYSE:MPR), announced today that the Company's newly-formed Environmental Air Solutions business unit has received three orders for its Duall brand air pollution control systems. The first two systems are for industrial applications, including treatment of industrial acid gas and particulate emissions from a plasma arc furnace at a U.S. Army munitions facility, and treatment of sulfur dioxide emissions from a carbon and graphite manufacturing facility. The third system is designed for municipal odor control at a wastewater treatment facility. The combined total of these orders is more than $1.0 million. Two of the orders are expected to ship in the second quarter and one is expected to ship in the third quarter of the Company's current fiscal year ending January 31, 2011. The scope of supply for these orders includes Duall chemical scrubbers, venturi particulate collectors, exhaust fans, controls and instrumentation. The chemical scrubbers will utilize horizontal centrifugal recirculation pumps manufactured by the Company's Fybroc business unit. All three of the systems will be manufactured in the Met-Pro Environmental Air Solutions Owosso, Michigan facility. "These orders demonstrate the strength of the Duall brand 'in both the municipal and industrial air pollution control markets," said De Hont. "They reinforce Duall's reputation as a market leader and are further examples of Met-Pro's ability to provide solutions that utilize our diverse product brands. We are encouraged by our success in being selected for these projects and are optimistic that circumstances are improving for the release of similar projects we have been pursuing." About Met-Pro Met-Pro Corporation, with headquarters at 160 Cassell Road, Harleysville, Pennsylvania, was recently recognized as one of "America's Fastest Growing Small Companies" by Fortune Small Business 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 is 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; Mefiag filtration technologies for harsh, corrosive liquid filtration applications; and filtration and purification technologies which include proprietary water treatment chemicals and filter products for air and liquid filtration. For more information, please visit http://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 http://www.met-pro.com/. Investor Contact: Gary J. Morgan Joseph Hassett, VP, Senior Vice President of Finance, CFO Gregory FCA Communications 215-723-6751 610-228-2110 DATASOURCE: Met-Pro Corporation CONTACT: Investor Contact: Gary J. Morgan, Senior Vice President of Finance, CFO, +1-215-723-6751, or Joseph Hassett, VP, Gregory FCA Communications, +1-610-228-2110 Web Site: http://www.met-pro.com/

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