Air Products Strengthens Nanoparticle Dispersion Focus Through Joint Venture Technology Acquisition

Nanoparticle Dispersion Products for Select Applications Already Available

Apr 04, 2006, 01:00 ET from Air Products

    LEHIGH VALLEY, Pa., April 4 /PRNewswire-FirstCall/ -- Air Products
 (NYSE:   APD) today announced that it has consolidated its efforts to
 commercialize its nanotechnology offerings and strengthen its strategy
 around the sale of nanoparticle dispersions through a technology
 acquisition from its Nanogate Advanced Materials GmbH (NAM) joint venture
 (JV). Air Products purchased NAM's nanoparticle dispersion production, and
 related dispersion technologies and assets located in Saarbrucken, Germany.
 Air Products' initial nanoparticle dispersion offerings include zinc oxide,
 silver, and indium and antimony tin oxides in a variety of organic,
 aqueous, and 100 percent solids systems.
     "We are focused on developing and marketing the high value-added step
 of integrating nanomaterials into end-user systems by leveraging our unique
 dispersion technology and related integration know-how. Our company has a
 wealth of experience when it comes to formulations and surface science.
 This experience will help us to provide specific nanoparticle dispersions
 to bring unique value to customer systems," said Larry Thomas, business
 director, Advanced Materials at Air Products.
     The process of making nanoparticle dispersions compatible with the
 systems they are being incorporated into is a critical requirement to gain
 the maximum benefit from the use of nanoparticles in many applications,
 including several markets for formulated systems such as coatings,
 adhesives, inks, and composites that Air Products currently serves. Air
 Products has been working with a broad range of nanomaterial producers and
 formulators to advance these application opportunities. In addition to a
 facility in Germany, Air Products also has nanoparticle dispersion
 production capabilities in the United States.
     Air Products and Nanogate Technologies GmbH, one of the leading
 chemical nanotechnology companies in Europe, originally announced the JV
 formation in May 2004. The Nanogate Advanced Materials JV will focus its
 ongoing work on advanced display technologies as well as security
     Air Products' Advanced Materials area was formed in 2002 and is part of
 its Performance Materials business platform. Air Products defines
 "performance materials" as having exceptional physical properties that
 create a significant change in the economics or performance of a customer's
 process or products.
     Air Products (NYSE:   APD) serves customers in technology, energy,
 healthcare and industrial markets worldwide with a unique portfolio of
 products, services and solutions, providing atmospheric gases, process and
 specialty gases, performance materials and chemical intermediates. Founded
 in 1940, Air Products has built leading positions in key growth markets
 such as semiconductor materials, refinery hydrogen, home healthcare
 services, natural gas liquefaction, and advanced coatings and adhesives.
 The company is recognized for its innovative culture, operational
 excellence and commitment to safety and the environment and is listed in
 the Dow Jones Sustainability and FTSE4Good Indices. The company has annual
 revenues of $8.1 billion, operations in over 30 countries, and over 20,000
 employees around the globe. For more information, visit
     ***NOTE: This release may contain forward-looking statements. Actual
 results could vary materially, due to changes in current expectations.

SOURCE Air Products