Air Products Sells Hydrogen Fueling Station to Hyundai Australia

Dec 10, 2014, 13:00 ET from Air Products

LEHIGH VALLEY, Pa., Dec. 10, 2014 /PRNewswire/ -- Air Products (NYSE: APD) today announced the sale of a hydrogen fueling station to Hyundai Motor Company Australia (HMCA).  The fueling station will initially be used to fuel a Hyundai ix35 hydrogen-powered zero-emission fuel cell electric vehicle, the first hydrogen-powered car to be imported into Australia. The hydrogen fueling station, which will be located at HMCA's offices in New South Wales just outside of Sydney, is currently undergoing commissioning and is scheduled to begin vehicle fueling this week to demonstrate the benefits of hydrogen-based, zero-emission fuel cell electric vehicle technology in Australia.

"Since we work with Hyundai at other locations around the world by providing hydrogen mobile fuelers in the U.S. and are leasing a Hyundai FCEV Tucson in Europe, we are thrilled to be working with Hyundai in Australia so they can fuel and showcase their vehicle and its benefits first-hand.  We continue to develop our relationships with Hyundai and other vehicle manufacturers to highlight the benefits of hydrogen as a clean fuel, and the benefits of fuel cell electric drive trains as a zero emission automotive propulsion system at locations around the world," said Chris Kretz, business development manager for Hydrogen Energy Systems at Air Products.

Air Products' SmartFuel® hydrogen fueling stations are proven, stand-alone compression, storage, and dispensing units that have been placed into operation in over 21 countries as a standard product offering.  Air Products is working closely with Coregas Ltd. Pty., an Australian-owned industrial, medical, and specialty gas company, as the local supplier of hydrogen to offer a complete fueling solution. Details on Air Products' hydrogen fueling station technologies can be viewed at www.airproducts.com/h2energy.

Air Products, the leading global supplier of hydrogen to refineries to assist in producing cleaner burning transportation fuels, has vast experience in the hydrogen fueling industry. In fact, several sites today for certain hydrogen fueling applications are fueling at rates of over 75,000 refills per year. Use of the company's fueling technology is increasing and is over 1,000,000 hydrogen fills per year. The company has been involved in over 180 hydrogen fueling projects worldwide. Cars, trucks, vans, buses, scooters, forklifts, locomotives, planes, cell towers, material handling equipment, and even submarines have been fueled with trend-setting Air Products technologies.

Air Products has more than 50 years of hydrogen experience and an extensive patent portfolio in hydrogen dispensing technology. Air Products provides liquid and gaseous hydrogen and a variety of enabling devices and protocols for fuel dispensing at varied pressures. Hydrogen for these stations can be delivered to a site via truck or pipeline, produced by natural gas reformation, biomass conversion, or by electrolysis, including electrolysis driven by renewable energy sources such as solar and wind.

About Air Products
Air Products (NYSE: APD) is a leading industrial gases company. For nearly 75 years, the company has provided atmospheric, process and specialty gases, and related equipment to manufacturing markets including metals, food and beverage, refining and petrochemical, and natural gas liquefaction. Air Products' materials technologies segment serves the semiconductor, polyurethanes, cleaning and coatings, and adhesives industries. Over 20,000 employees in 50 countries are working to make Air Products the world's safest and best performing industrial gases company, providing sustainable offerings and excellent service to all customers. In fiscal 2014, Air Products had sales of $10.4 billion and was ranked number 276 on the Fortune 500 annual list of public companies. 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, 2014.

SOURCE Air Products



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