Met-Pro Corporation's Duall Business Unit Wins $2.8 Million in New Equipment Orders
|
| Posted
:
Wed, 04 Nov 2009 14:40:07 GMT |
| Author
:
Met-Pro Corporation |
| Category
:
Press Release |
| News Alerts by
Email ( click
here ) |
|
|
|
|
HARLEYSVILLE, Pa., Nov. 4 PA-Met-Pro-new-orders
HARLEYSVILLE, Pa., Nov. 4 /PRNewswire-FirstCall/ -- Raymond J. De Hont, Chairman and Chief Executive Office of Met-Pro Corporation (NYSE: MPR), announced today that the Company's Duall business unit has received two orders, totaling approximately $2.8 million, from two municipal water treatment facilities. One, valued at $2.2 million, is to supply three odor control and six water purification systems. The second, valued at approximately $600,000, is to supply two Duall degasifier systems, complete with Duall exhaust fans. Both projects are located in the Southern United States and are expected to ship during the Company's next fiscal year, which begins February 1, 2010.
The odor control and water purification systems will reduce harmful and hazardous odors by removing hydrogen sulfide and carbon dioxide at the water treatment plant's filtration and processing operation. The systems include Duall forced draft aerators, odor control scrubbers utilizing the Company's Fybroc pumps for recirculation, and exhaust fans.
The degasifiers will remove hydrogen sulfide and carbon dioxide dissolved gases from contaminated groundwater as part of the process designed to make the groundwater suitable for public use. Both orders will be manufactured in Duall's Owosso, Michigan factory using Duall's unique NSF approved DUALLast® fiberglass reinforced plastic construction with thermoplastic inner liner for greater corrosion resistance and extended service life.
"These orders demonstrate Duall's continuing strong presence in the municipal water and wastewater markets and represent another example of Met-Pro's ability to provide solutions that utilize our diverse product brands," said De Hont. "Both orders were received during the Company's fiscal third quarter ended October 31, 2009, allowing us to achieve the highest quarterly booking total year to date. We are encouraged by our success in being selected for these projects and remain optimistic that circumstances are continuing to improve for the release of other large 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. In 2008, the Company was also named one of America's "200 Best Small Companies" by Forbes magazine for the third year in a row. 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 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, VP
Senior Vice President Gregory FCA
of Finance, CFO Communications
215-723-6751 610-228-2110
SOURCE Met-Pro Corporation
|
Copyright © 2008
PR Newswire. All rights reserved.
|
|
|
|
|
Related
News
World Food Funds Franchisor
Jorgan’s Foods, Inc. turned to World Food Association Organization to secure $12.6 million to refinance existing loans. The financing extinguishes 25 existing loan agreements before their scheduled maturity and is secured by existing real estate and business value. /I/P
PScottsdal...
Dianor Announces Closing of Private Placement VAL-D'OR, QUEBEC -- 11/26/09 --
Dianor Resources Inc. (TSX VENTURE: DOR) announces that it has completed a private placement by issuing an aggregate of 8,292,138 "flow-through" units to accredited investors in Saskatchewan and Nova Scotia and to th..
World Food Invests in Energy
World Food Association Organization is looking towards green alternative energy projects to pioneer the change in our planet's climate. The massive project is no small undertaking and World Food Association Organization has taken the helm position to ensure that it comes to fruition./I/P
...
First Gold Hires Investor Relations Firm LAVAL, QUEBEC -- 11/26/09 --
First Gold Exploration Inc. (TSX VENTURE: EFG)(FRANKFURT: F12) is pleased to announce that it has engaged the services of National Media Associates, an independent firm of investor relations. National Media Associates w..
Media Release-KAIROS Partners Murdered in Philippines: A Response to the Massacre TORONTO, ONTARIO -- 11/26/09 --
Attention: Religion, Foreign, and Human Rights Journalists
KAIROS: Canadian Ecumenical Justice Initiatives condemns the murder of 57 people in the Philippines, including two of its human rights partners, an..
Brompton Funds Announces Investor Conference Calls with Portfolio Manager: MFC Global Investment Management TORONTO, ONTARIO -- 11/26/09 --
Brompton Funds (TSX: AOG.UN)(TSX: AOG.WT.A) (TSX: AV.UN)(TSX: AV.WT.A) (TSX: MBB.UN)(TSX: OGF.UN)(TSX: OGF.WT.A)(TSX: VIP.UN)(TSX: VIP.WT.A) is pleased to announce that it will be hosting three investor conference ca..
Ventana Provides Corporate Development Update and Announces Dispute Respecting La Bodega Agreement VANCOUVER, BRITISH COLUMBIA -- 11/26/09 --
Ventana Gold Corp. (TSX: VEN) ("Ventana" or "the Company") has been advised that Sociedad Minera La Bodega Limitada (or the "Vendor"), the owner of the mineral rights to the La Bodega property in Colombia,..
|
|
|
|
|
|
|
|
|