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News ReleaseAir Products Names Winner of Second Annual Faculty Excellence Award

September 25, 2006 Lehigh Valley, Pa.

Air Products (NYSE:APD) has named Dr. Yang Shao-Horn, assistant professor of mechanical engineering at the Massachusetts Institute of Technology (MIT), the winner of its second annual Faculty Excellence Award. The program recognizes outstanding, emerging faculty in technology areas strategic to the company's long-term growth and carries with it a $30,000 unrestricted gift for MIT to further Prof. Shao-Horn's research in electrochemical energy systems.

"Air Products is pleased and honored to recognize and support the outstanding work and contributions of Dr. Shao-Horn," said Miles Drake, Air Products vice president and chief technology officer. "Her research links closely with existing and emerging needs of our Performance Materials portfolio, such as the development of new electrolyte salts for advanced lithium ion batteries."

Dr. Shao-Horn's research group at MIT, the Electrochemical Energy Laboratory, works on the science and engineering of electrochemical energy systems such as batteries and fuel cells. She received her Ph.D. in metallurgical and materials engineering from Michigan Technological University in 1998 and subsequently worked as a material scientist in battery research for Eveready Battery Company.

This year's Faculty Excellence Award winner was selected from six nominees by Air Products' Technology Board, comprised of senior scientists and engineers across the company. Nominations were open globally to emerging faculty conducting research in one of five technology areas: material science; CO2 separation; hydrogen production; healthcare; and sustainable energy . Candidates could be nominated by any member of the Air Products technical community.

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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