Air Liquide: Three investments in France to accelerate the Group’s innovation

  Air Liquide: Three investments in France to accelerate the Group’s

Business Wire

PARIS -- March 14, 2014

Regulatory News:

Air Liquide (Paris:AI) has just decided on three investments in France to help
accelerate the Group’s innovation and explore new markets. These three
initiatives represent an investment of nearly €100million.

The Group will extend and modernise its Paris-Saclay research centre, near
Versailles, which is its main Research & Development centre in the world. A
single building will house the 350 current researchers and the 46 laboratories
and will have pilot platforms with equipment for designing and testing
technologies in industrial-scale conditions. It will allow Air Liquide to
reinforce its "open innovation" strategy through academic and industrial
research partnerships with players from the Paris-Saclay innovation ecosystem.
AirLiquide thereby reinforces its presence in this ecosystem, which now
includes 10,500 researchers and 48,000students, and which by 2020 will be one
the 10 biggest innovation hubs in the world.

Moreover, Air Liquide will also create a centre for the development of gas
packaging for Industry and Health on its Paris-Saclay site. This centre will
gather the Group's expertise in this field. Its mission will be to develop and
industrialise new gas packagings for Industry and Health, while ensuring
optimum safety, simplicity of use, traceability, and including digital
technologies and new materials, allowing Air Liquide to launch new offers with
a faster time-to-market.

And finally, building on the investments carried out by the Group in
cryogenics for over a century, Air Liquide will create a technical centre of
excellence for cryogenic production technologies in Vitry-sur-Seine, near
Paris. Within the Engineering & Construction unit, this centre will be
responsible for developing and industrialising innovative and high added-value
technologies for the production of oxygen, as well as bringing together
expertise in this field, while ensuring training, the protection of know-how,
and the transfer of innovation within the Group's global engineering network.

François Darchis, member of Air Liquide's Executive Committee, commented: "The
Group's innovation is based on our comprehensive knowledge of our markets, on
the mastery of our technologies and on our capacity to interact with the
innovation ecosystem. These major projects, which bring together diversified
expertises, will allow us to sustain our innovation activity in France, and
will contribute to Air Liquide's profitable growth over the long term. France
is a key country in terms of innovation for Air Liquide as it has a critical
mass of talent.

Our strategy relies on competitiveness in our operations, targeted investments
in growing markets, and innovation to create new markets and opportunities."

Innovation at the heart of the Group's strategy

  *€265 million innovation expenses in 2013
  *321 new patents filed in 2013
  *6,200 employees contribute to innovation around the world, mostly in three
    entities: Research & Development, advanced Business & Technologies (aB&T),
    and Engineering and Construction (Global E&C Solutions). They explore new
    territories, business models, technologies, and services, and they support
    innovation from the idea to market maturity.

Technologies of the future tested in France

It is in France, in Notre-Dame de Gravenchon (Seine-Maritime), that the Group
is implementing the Cryocap H[2] project (atechnology for the "cold capture"
of CO[2] emissions) for the first time, in one of its hydrogen production

In Moissy-Cramayel, in the Paris region, AirLiquide tests - for each new
development - the technologies that allow the improvement of the energy
efficiency for its cryogenic production plants.

In Healthcare, in 2013 Air Liquide rolled out a solution in France for the
remote monitoring of data relating to compliance with treatment intended for
patients suffering from sleep apnea.

Air Liquide is also a key player in the "Hydrogen Mobility France" initiative,
which aims to develop scenarios for the synchronised rolling out of hydrogen
vehicles and filling stations in France. Air Liquide registered the two first
hydrogen-powered vehicles in France, in 2013.

World leader in gases, technologies and services for Industry and Health, Air
Liquide is present in 80 countries with more than 50,000 employees and serves
more than 2 million customers and patients. Oxygen, nitrogen and hydrogen have
been at the core of the company’s activities since its creation in 1902. Air
Liquide’s ambition is to be the leader in its industry, delivering long-term
performance and acting responsibly.

Air Liquide ideas create value over the long term. At the core of the
company’s development are the commitment and constant inventiveness of its

Air Liquide anticipates the challenges of its markets, invests locally and
globally, and delivers high-quality solutions to its customers and patients,
and the scientific community.

The company relies on competitiveness in its operations, targeted investments
in growing markets and innovation to deliver profitable growth over the

Air Liquide’s revenues amounted to € 15.2 billion in 2013, and its solutions
that protect life and the environment represented around 40% of sales. Air
Liquide is listed on the Paris Euronext stock exchange (compartment A) and is
a member of the CAC40 and Dow Jones Euro Stoxx 50 indexes.

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Air Liquide
Corporate Communications
Anette Rey, + 33 (0)1 40 62 51 31
Garance Bertrand, + 33 (0)1 40 62 59 62
Investor relations
Virginia Jeanson, +33 (0)1 40 62 57 37
Annie Fournier, +33 (0)1 40 62 57 18
Innovation Communications
Corinne Estrade-Bordry, +33 (0)1 40 62 51 77
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