Air Products Licenses Cryogenic Machining Technology to MAG IAS

       Air Products Licenses Cryogenic Machining Technology to MAG IAS

Liquid Nitrogen Technology Enables Longer Tool Life and Higher Cutting Speeds

PR Newswire

LEHIGH VALLEY, Pa., Nov. 1, 2012

LEHIGH VALLEY, Pa., Nov. 1, 2012 /PRNewswire/ -- Air Products (NYSE: APD) has
licensed its proprietary cryogenic machining technology to MAG IAS, LLC, a
leading machine tool manufacturer. The technology license agreement allows MAG
to utilize Air Products' patented cryogen delivery technology and proprietary
cryomachining intellectual property—which are designed to mitigate heat
generation during the cutting operation thereby enhancing tool life and
increasing cutting speeds—along with MAG's Minimum Quantity Cryogenics (MQC)
technology.

"The technology license agreement grants global rights for the MAG family of
branded equipment," said Jeffrey Knopf, manager, Licensing and Technology
Transfer at Air Products. "Air Products has retained the registered trade name
'ICEFLY' and will continue to market ICEFLY^® Cryogenic Machining Technology,
a technology that enables a controlled jet of liquid nitrogen (LIN) to an
application point. Air Products will also continue to support existing
cryogenic machining customers and explore new licensing opportunities outside
of the MAG agreement."

Air Products' ICEFLY Cryogenic Machining Technology is currently used in the
metals machining industry, where it supplies cooling to the cutting tool used
to machine difficult materials, such as hardened steels and irons, thermal
spray coatings, weld overlays, metal matrix composites, and powdered metals.
By replacing dry machining or standard emulsion coolants with a small stream
of LIN, ICEFLY Cryogenic Machining Technology can more effectively cool the
cutting insert to enable longer tool life and higher cutting speeds, as well
as provide a completely clean work environment. The technology can also be
readily adapted to a broad range of automated or semi-automated machining
operations. To view a brief video of ICEFLY Cryogenic Machining Technology,
visit Air Products' online News Center at
www.airproducts.com/company/news-center/2012/10/1101-air-products-licenses-cryogenic-machining-technology.aspx.


An industry leader in cryogenic applications, Air Products has developed
extensive knowledge and experience around low-flow cryogenic solutions for
various metals processing applications. For more information about the
company's ICEFLY Cryogenic Machining Technology, visit
www.airproducts.com/icefly.

About MAG

MAG is a leading machine tool and systems company serving the durable-goods
industry worldwide with a comprehensive line of equipment and technologies,
including process development, automated assembly, turning, milling,
automotive powertrain production, composites processing, maintenance,
automation and software, and core components. Key industrial markets served by
these technologies include aerospace, automotive and truck, heavy equipment,
oil and gas, rail, solar energy, wind turbine production, and general
machining. With about 3500 employees at 35 facilities in the U.S., Germany,
France, China, India, Korea, Russia, the U.K., Switzerland, and Hungary, MAG
generated revenue of $1.3 billion in 2011. For more information, visit
www.mag-ias.com/en/home.html.

About Air Products

Air Products (NYSE:APD) provides atmospheric, process and specialty gases;
performance materials; equipment; and technology. For over 70 years, the
company has enabled customers to become more productive, energy efficient and
sustainable. More than 20,000 employees in over 50 countries supply innovative
solutions to the energy, environment and emerging markets. These include
semiconductor materials, refinery hydrogen, coal gasification, natural gas
liquefaction, and advanced coatings and adhesives. In fiscal 2012, Air
Products had sales approaching $10 billion. For more information, visit
www.airproducts.com.

NOTE: This release may contain forward-looking statements within the safe
harbor provisions of the Private Securities Litigation Reform Act of 1995.
These forward-looking statements are based on management's reasonable
expectations and assumptions as of the date of this release regarding
important risk factors. Actual performance and financial results may differ
materially from projections and estimates expressed in the forward-looking
statements because of many factors not anticipated by management, including
risk factors described in the Company's Form 10K for its fiscal year ended
September 30, 2011.

SOURCE Air Products

Website: http://www.airproducts.com
Contact: Media: Debbie Bauer, +1-610-481-8061, bauerda@airproducts.com;
Investors: Simon Moore, +1-610-481-7461, mooresr@airproducts.com