×

Chart Introduces Improvements to LNG Truck Fuel System

CLEVELAND, March 18, 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, today announced the release of a high capacity, fully integrated LNG truck fuel system.

For the 2013 model year, Chart's LNG truck fuel system has been integrated into a self-contained unit for simplified and expedited installation, as required by high-volume assembly lines. Additionally, the maximum single tank capacity has been increased to greater than 100 diesel gallon equivalent ("DGE") enabling extended driving range without the cost of an additional tank. These substantial developments reinforce Chart's commitment to continuous improvement. Chart's LNG technologies enable the use of natural gas in place of diesel fuel for a wide range of applications within the transportation industry, including heavy duty trucks, buses, off-road vehicles, marine and railroad applications.

"Combining various on-board fuel system components into one integrated LNG truck tank package will facilitate more efficient installation," stated Tom Carey, President of Chart's Distribution & Storage Group. "Providing 100 DGE of storage in a single fuel tank will make LNG an even more attractive cost, space, weight and driving range alternative in heavy duty truck and bus applications."

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, reliance on availability of key supplies and services, Chart's ability to protect its intellectual property and successfully continue technical innovation, and economic, political, business and market risks associated with global operations. 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) in Chart's most recent Annual Report on Form 10-K.

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, click here: http://ir.chartindustries.com/

CONTACT: Michael F. Biehl Executive Vice President, Chief Financial Officer and Treasurer 216-626-1216 michael.biehl@chart-ind.com Kenneth J. Webster Vice President, Chief Accounting Officer and Controller 216-626-1216 ken.webster@chart-ind.comSource:Chart Industries, Inc.