(By Balaseshan) Met-Pro Corp. (NYSE:MPR), a provider of product recovery and pollution control equipment, said its Strobic Air business unit has received three orders for laboratory fume hood exhaust systems.
All three orders, which has a total value of about $1.5 million, are expected to ship in the second half of the company's current fiscal year.
The company said one order is to be installed at the United States headquarters of a premiere global pharmaceutical company while the other orders will be installed at laboratories at two leading U.S. universities.
For two of the projects, Strobic Air will supply a total of 18 Tri-Stack fans, all of which will utilize Strobic Air's patented Acoustical Silencer Nozzle technology. For the third project, 17 Tri-Stack fans will be supplied.
"These orders reinforce Strobic Air's reputation as the supplier of choice for best-in-class, technologically advanced fume hood exhaust systems at industrial, institutional and government laboratories," said Raymond De Hont, Chief Executive of Met-Pro.
Strobic Air was awarded these contracts based on their recognized leadership in the market for low profile exhaust systems, specifically those designed to handle the complex issues of laboratory exhaust.
MPR is trading up 0.54% at $9.25 on Tuesday. The stock has been trading between $8.03 and $11.07 for the past 52 weeks.