Air Products Signs a Contract to Supply Nitrogen and Oxygen to Samsung Mobile Display in Korea

Dec 09, 2010, 11:15 ET from Air Products

LEHIGH VALLEY, Pa., Dec. 9, 2010 /PRNewswire/ -- Air Products (NYSE: APD) today announced it has been selected to supply gaseous nitrogen, oxygen and argon to Samsung Mobile Display's (SMD) newest Active-matrix Organic Light Emitting Diode (AMOLED) fab located in Tanjeong, Korea.

Air Products will build a new air separation unit (ASU) and pipeline at its Tanjeong site for gases supply to SMD. Air Products also supplies gaseous nitrogen and other bulk gases via pipeline to SMD's two large-scale TFT-LCD facilities in Cheonan.

"We are honored to extend our relationship with Samsung and be involved with such an important customer whose new plant will utilize this new technology," said Corning Painter, vice president and general manager of the Electronics Division at Air Products. "This contract is an excellent example of our capability to serve the world's largest electronics customers with our infrastructure, technology advancements and product capacity in place."

Samsung Mobile Display, a joint venture between Samsung Electronics Co. Ltd. and Samsung SDI Co. Ltd., is a global leader in next-generation small and medium displays and is building a 5.5th generation production line in Tanjeong to start mass production of AMOLED, which is an emerging display technology used in mobile devices and media players for large high-resolution displays that consume significantly less power.

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***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, 2010.

SOURCE Air Products