Market Snapshot
  • U.S.
  • Europe
  • Asia
Ticker Volume Price Price Delta
DJIA 16,424.85 162.29 1.00%
S&P 500 1,862.31 19.33 1.05%
NASDAQ 4,086.22 52.06 1.29%
Ticker Volume Price Price Delta
STOXX 50 3,132.49 -6.77 -0.22%
FTSE 100 6,572.86 -11.31 -0.17%
DAX 9,312.26 -5.56 -0.06%
Ticker Volume Price Price Delta
NIKKEI 14,417.53 -0.15 -0.00%
TOPIX 1,166.59 0.04 0.00%
HANG SENG 22,760.24 64.23 0.28%

Chart Industries Receives Contract to Expand Nationwide Liquefied Natural Gas (LNG) Fueling Network



Chart Industries Receives Contract to Expand Nationwide Liquefied Natural Gas
(LNG) Fueling Network

CLEVELAND, Oct. 31, 2013 (GLOBE NEWSWIRE) -- Chart Industries, Inc.
(Nasdaq:GTLS), a leading independent global manufacturer of highly engineered
equipment used in the production, storage and end-use of hydrocarbon and
industrial gases, announced today that it has been awarded a contract in the
third quarter by a major oil company to build and commission 20 retail
liquefied natural gas (LNG) fueling stations across North America.

The 20 LNG fueling stations will be built at existing truck stop sites with
the intention of adding dispensers alongside existing diesel fueling lanes.
The order has been reflected in third quarter 2013 ending backlog with
completion expected by the second quarter of 2015.

"After developing core technologies for vehicle fueling 20 years ago, it's
gratifying to see acceleration in fueling station deployment," said Bill
Haukoos, Chart D&S Vice President, Global LNG Products. "We look forward to
working closely with our customers at the forefront of development in the LNG
market – a critical step in enhancing both nationwide infrastructure and
availability of LNG."

Chart is an integrated supplier and worldwide leader in LNG equipment for the
transportation and energy industries. For more information about how Chart
addresses the entire LNG value chain – liquefaction, distribution, storage and
end use – visit www.ChartLNG.com.

Certain statements made in this news release are, or imply forward-looking
statements, such as statements concerning business plans, objectives, market
trends, future revenue, performance, and other information that is not
historical in nature. These statements are made based on Chart's expectations
concerning future events and are subject to factors and uncertainties that
could cause actual results to differ materially, such as cyclicality of
product markets and vulnerability of markets to economic downturns, a delay or
reduction in customer purchases, competition, fluctuations in energy prices or
changes in government energy policy, management of fixed-price contract
exposure, reliance on the availability of key supplies and services, pricing
and availability of raw materials, and modification or cancellation of
customer contracts. For a discussion of these and additional factors that
could cause actual results to differ from forward-looking statements, see
Chart's filings with the Securities and Exchange Commission, including Item 1A
- Risk Factors, of Chart's most recent Annual Report on Form 10-K. Chart
undertakes no obligation to update or revise any forward-looking statement.

Chart is a leading independent global manufacturer of highly engineered
equipment used in the production, storage and end-use of hydrocarbon and
industrial gases. The majority of Chart's products are used throughout the
liquid gas supply chain for purification, liquefaction, distribution, storage
and end-use applications, the largest portion of which are energy-related.
Chart has domestic operations located across the United States and an
international presence in Asia, Australia and Europe. For more information,
visit: http://www.chartindustries.com.

CONTACT: Ken Webster
         Vice President, Chief Accounting
         Officer and Controller
         216-626-1216
         ken.webster@chartindustries.com
        
         or
        
         Chris Rioux
         Manager of Investor Relations and
         Financial Planning
         216-626-1216
         chris.rioux@chartindustries.com
Sponsored Links
Advertisement
Advertisements
Sponsored Links
Advertisement