Met-Pro Corporation's Environmental Air Solutions Business Unit Receives Equipment Orders Totaling Approximately $6.0 Million

Published on Thursday, 09 August 2012 09:35 Written by TradersHuddle Staff

- Flex-Kleen® brand pulse jet dust collectors chosen by leading worldwide engineering firm

HARLEYSVILLE, Pa., Aug. 9, 2012 /PRNewswire/ -- Met-Pro Corporation (NYSE: MPR-News), announced today that the Company's Environmental Air Solutions business unit has received new orders of approximately $6.0 million through a leading worldwide engineering firm to supply a global industrial client with several Flex-Kleen® brand pulse jet dust collectors. Shipments are expected to commence in the fourth quarter of the Company's current fiscal year and will continue into the next fiscal year.

"Consistent with our strategic operating plan, this order demonstrates that the Environmental Air Solutions business unit is uniquely positioned to provide global customers with a single source, total solution to address their complex air emission needs around the world," said Raymond J. De Hont, Chairman and Chief Executive Officer.

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, 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.

SOURCE Met-Pro Corporation