(By Balaseshan) Met-Pro Corp. (NYSE: MPR), which makes product recovery and pollution control equipment, said its unit has received an order worth $2.1 million to supply a Bio-Reaction brand biological air pollution control system.
The company's Environmental Air Solutions business unit has received an order from a maker of consumer and industrial building products. This order is expected to ship in the third quarter of the company's next fiscal year.
The unique system, which utilizes Met-Pro's patented Bio-airSPHERES media for digestion and final breakdown of contaminants, is specifically designed to remove Hazardous Air Pollutants (HAPs), such as formaldehyde and methanol, and convert them to carbon dioxide and water vapor that can be safely released into the atmosphere.
It is expected to meet or exceed the customer's emission requirements and also potentially reduce their existing capital and operating costs for air emissions treatment.
Our 'Total Air Solutions' value proposition allows us to better address the increasingly more stringent environmental regulations and the global focus on greenhouse gas reduction. The growing pipeline of opportunities for additional Bio-Reaction brand orders allows us to remain optimistic about future orders of this type," said Raymond De Hont, Met-Pro's Chief Executive Officer and President.
Met-Pro, which is based in Harleysville, Pennsylvania, manufactures and sells product recovery and pollution control equipment for purification of air and liquids, fluid handling equipment for corrosive, abrasive and high temperature liquids, and filtration and purification products.
MPR is trading down 0.87% at $10.20 on Monday. The stock has been trading between $8.30 and $10.97 for the past 52 weeks.