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News ReleaseAir Products Strengthens Nanoparticle Dispersion Focus through Joint Venture Technology Acquisition

April 04, 2006 Lehigh Valley, Pa.

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 Saarbrücken, 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 on-going work on advanced display technologies as well as security applications.

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 www.airproducts.com.  

NOTE: This release may contain forward-looking statements. Actual results could vary materially, due to changes in current expectations.

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