Memorandum Of Agreement Between Two Companies

ATLANTA and REPUBLIC OF KOREA, Dec. 02, 2021 (GLOBE NEWSWIRE) — Chart Industries, Inc. (NYSE: GTLS), a arch adapted all-around architect of awful engineered accessories for the automated gas and apple-pie activity industries and Hylium Industries, Inc. (“Hylium”), a arch aqueous hydrogen technology aggregation in the Republic of Korea, accept active a Memorandum of Understanding (“MOU”) to authorize a collective adventure and associated accumulation acceding to architecture and aftermath aqueous hydrogen trailers for the Republic of Korea. Included in the beheading of the MOU, Hylium placed a acquirement adjustment for three aqueous hydrogen trailers. Through the agreement, the trailers will be advised and produced for auction in the Republic of Korea through Hylium including accepting and advancement all applicative government certifications, approvals, and registrations required.

“We are admiring to accomplice with Hylium, a well-respected baton in hydrogen in Korea,” declared Jill Evanko, Chart’s CEO and President. “Our companies’ aggregate mission of bringing apple-pie activity solutions to the apple will be furthered by applying Chart’s decades of acquaintance of designing and architecture hydrogen trailers with Hylium’s Korean attendance and acquaintance in the region’s operations, certifications and bartering opportunities.”

“It is my abundant amusement to accomplice with Chart Industries, Inc., one of the all-around leaders in hydrogen technologies. We accept this affiliation will not alone accord to Korea’s hydrogen economy, but additionally advice advance stronger ties amid the two countries for carbon chargeless apple-pie environment. We are aflame to see what this affiliation will bring,” declared Seo Young Kim, the CEO of Hylium Industries, Inc.

About Chart Industries, Inc.

Chart Industries, Inc. is a arch absolute all-around architect of awful engineered accessories application assorted applications in the Activity and Automated Gas markets. Our different artefact portfolio is acclimated in every appearance of the aqueous gas accumulation chain, including upfront engineering, account and repair. Being at the beginning of the apple-pie activity transition, Chart is a arch provider of technology, accessories and casework accompanying to abounding accustomed gas, hydrogen, biogas and CO2 Capture amidst added applications. We are committed to arete in environmental, amusing and accumulated babyminding (ESG) issues both for our aggregation as able-bodied as our customers. With over 25 all-around locations from the United States to Asia, Australia, India, Europe and South America, we advance accountability and accuracy to our aggregation members, suppliers, barter and communities. To apprentice more, appointment www.chartindustries.com.

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About Hylium Industries, Inc.

Hylium Industries, Inc. was accustomed in 2014 as a Korea Institute of Science and Technology’s (KIST) adventure aggregation and is the aboriginal absolute architect of aqueous hydrogen technologies in Korea. Hylium’s artefact portfolio spans beyond aqueous hydrogen storage, transportation, condensate and refueling technologies, as able-bodied as aqueous hydrogen drones and hydrogen assurance devices. Hylium and its cardinal business ally and suppliers can pave the way as all-around leaders in architecture the hydrogen economy. With our avant-garde technology, we aim to become a arch amateur in the all-around hydrogen industry and advancing archetype about-face appear acclamation altitude change. To apprentice more, appointment www.hylium-industries.com.

For added information, bang here:

http://ir.chartindustries.com/

Investor Relations Contact – Chart Industries:

Wade Suki, CFADirector of Investor [email protected]

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memorandum of agreement between two companies

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