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Backlog of Orders at Historical High
William L. Kacin, chairman and chief executive officer of Met-Pro Corp., announced that the company's Systems Division, in Kulpsville, Pa., received an order for two large catalytic oxidizers which will be used to purify the exhaust stream of a major pharmaceutical manufacturing plant in Florida. The value of the order totals $2.4 million and is expected to be delivered in the third quarter of 2002.
These 60,000 SCFM catalytic oxidizers will use specially selected catalyst to achieve a high efficiency destruction and removal of volatile organic chemicals and will utilize proprietary Met-Pro supplied software for the oxidizer's control system. The system will also recover 50 percent of the heat generated by the combustion of the contaminants for a significant reduction in operating fuel costs.
The Systems Division of Met-Pro was selected to provide this equipment based on their extensive catalytic oxidizer experience in pharmaceutical and other industrial applications as well as a strong relationship developed after providing the same customer with two other large systems in the past two years.
"As mentioned in previous press releases and confirmed by this order, quotation activity for larger projects has increased and firmed up," said Kacin. "Our success in winning this project reinforces our confidence in our ability to succeed in earning the business of other customers."
Kacin also noted that, "with this order, Met-Pro's backlog is at an historical high of $17.9 million. A high percentage of this backlog is scheduled to be shipped during the current fiscal year."