HARLEYSVILLE, Pa., Dec. 1, 2011 /PRNewswire/ -- Raymond J. De Hont, Chairman and Chief Executive Officer of Met-Pro Corporation (NYSE: MPR), announced today that the Company's Environmental Air Solutions business unit has received an order totaling approximately $600,000 to supply a thermal oxidation system to a leading engineered industrial coatings provider and applicator. This order is expected to ship in the first quarter of the Company's next fiscal year. The energy saving regenerative thermal oxidizer will remove hazardous air pollutants (HAPs) and volatile organic compounds (VOCs) from an industrial coatings process. The order also includes installation and system start-up, which will be performed by Met-Pro's Industrial Services Group. "This order reinforces our reputation for providing technologically advanced, energy-efficient, and environmentally-friendly air pollution control solutions that include thermal, biological, chemical, and mechanical air pollution control technologies," said De Hont. "It also allows us to remain optimistic regarding 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, 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.
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.
Shares of Met-Pro Corporation (NYSE:MPR) were gapping up Wednesday morning with an open price 11.1% higher than Tuesday's closing price. The stock closed at $8.39 yesterday and opened today's trading at $9.32.