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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
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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


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