Flanders Corporation Awarded $10.6 Million Purchase Agreement for Supply of Containment Air Filtration Equipment With Bell BCI Company for the United States Army Medical Research Institute of Chemical

November 19, 2009 7:30 AM ET
advertisement

WASHINGTON, N.C., Nov. 19, 2009 (GLOBE NEWSWIRE) -- Flanders Corporation (Nasdaq:FLDR), was awarded a purchase agreement for the supply of containment air filtration equipment for the USAMRICD Project through the Bell BCI Company. Delivery of these systems will begin in 2011 and extend into early 2012.

"With this Award, Flanders continues to prove itself as the leading supplier of containment and filtration related equipment in the industry. The process of this award has taken more than eight months to finalize, involved painstaking and very detailed specification review and would not have been possible without the diligent efforts of our entire team," said Shawn Windley, Director of Foremarket Sales.

Flanders' nuclear quality assurance program meets the rigorous requirements of ASME NQA-1. Audited routinely, our industry leading quality assurance program is designed to ensure the delivery of the highest quality products that exceed all regulatory and safety requirements to our customers.

Glen Moore, Flanders' Vice President of Containment noted, "Even in today's slow economic times, our business is proving to be resilient. This award demonstrates the strength of Flanders."

About Flanders Corporation

Flanders is a leading air filtration products manufacturer. Flanders' products are utilized by many industries, including those associated with commercial and residential heating, ventilation and air conditioning systems, semiconductor manufacturing, ultra-pure materials, biotechnology, pharmaceuticals, synthetics, nuclear power and nuclear materials processing.

For further information on Flanders and its products, visit its website at www.flanderscorp.com or contact John Oakley at 252-946-8081.

Caution Concerning Forward-Looking Statements

This press release contains forward-looking statements within the meaning of Section 27A of the Securities Act of 1933, as amended, and Section 21E of the Securities Exchange Act of 1934, as amended. All statements made in this press release other than statements of historical fact, are forward-looking statements. These statements are made pursuant to the safe harbor provisions of the Private Securities Litigation Reform Act of 1995. These forward-looking statements may include, among other things: statements and assumptions relating to future growth, as well as management's short-term and long-term performance goals; statements regarding anticipated order patterns from our customers or the anticipated economic conditions of the industries and markets that we serve; statements related to the performance of the U.S. and other economies generally; statements relating to the anticipated effects on results of operations or financial condition from recent and expected developments or events; statements relating to the Flanders' business and growth strategies; and any other statements or assumptions that are not historical facts. Flanders believes that its expectations are based on reasonable assumptions. However, these forward-looking statements involve known and unknown risks, uncertainties and other important factors that could cause Flanders' actual results, performance or achievements, or industry results, to differ materially from the Flanders' expectations of future results, performance or achievements expressed or implied by these forward-looking statements. In addition, the Flanders' past results of operations do not necessarily indicate its future results. These and other uncertainties are discussed in the "Risk Factors" section of the company's 2008 Form 10-K. The future results of Flanders may fluctuate as a result of these and other risk factors detailed from time to time in the company's filings with the Securities and Exchange Commission. You should not place undue reliance on any forward-looking statements. These statements speak only as of the date of this press release. Except as otherwise required by applicable laws, Flanders undertakes no obligation to publicly update or revise any forward-looking statements or the risk factors described in this press release, including projected sales and profit levels for any business segment in any given quarter, whether as a result of new information, future events, changed circumstances or any other reason after the date of this press release.

CONTACT: Flanders Corporation
         Shawn Windley, Director of Foremarket Sales
         Glen Moore, Vice President of Containment
         (252) 946-8081
         Investor Relations Contact:
         John C. Oakley, Chief Financial Officer
           252-946-8081

GlobeNewswire, Inc.2009

Back to News Home

advertisement
MSN Money
Search MSN Money
Message Boards
Site Status