Technology Featured in Booths of Companies Working with Air Products on Japan Market Development
February 24, 2015 Lehigh Valley, Pa.
Air Products (NYSE: APD) announced today that it will be presenting a paper and have its SmartFuel® hydrogen technology for both the automotive and material handling markets on display at the 11th International Hydrogen & Fuel Cell Expo (FC Expo 2015) taking place February 25-27 at the Tokyo Big Sight in Tokyo, Japan.
“There is a strong move to develop both the automotive and material handling hydrogen fueling markets in Japan. We have the proven technology needed for these applications, and we are honored to have already reached agreement with two prominent Japanese companies to work together to develop these markets. FC Expo 2015 will be a step in the direction of showing capabilities and discussing opportunities. We are pleased to have a speaking role and have our technology and equipment on display,” said Ed Kiczek, global business director – Hydrogen Energy Systems at Air Products. Kiczek added that Air Products has operated in Japan since 1970.
On February 25 at FC Expo 2015, Ravi Subramanian, business development manager – Asia for Hydrogen Energy Systems at Air Products, will present a paper entitled Potential for Cost and Footprint Reductions in Hydrogen Infrastructure. Subramanian will talk about Air Products’ continued developmental work on hydrogen fueling and its associated infrastructure, as well as the company’s achievements regarding cost and needed station footprint reductions. Air Products is currently deploying its newly-modeled SmartFuel® hydrogen fueling station technology in California in the United States.
Additionally at FC Expo 2015, Air Products’ hydrogen fueling technology and dispensing equipment for both the automotive and material handling markets will be on display in the booths of two Japanese companies with whom Air Products is working collaboratively to develop such fueling markets in Japan.
Air Products’ technology and equipment for the automotive industry will be featured in the booth of NIPPON STEEL & SUMIKIN Pipeline & Engineering Co. Ltd. (NSPE). Air Products and NSPE announced the signing of an agreement in February 2014 signifying the intent of the two companies to work together on Japan’s developing hydrogen fueling infrastructure market for automotive customers.
Air Products’ technology and equipment for the materials handling industry will be highlighted in the booth of Suzuki Shokan Co., Ltd. Just last week, Air Products and Suzuki Shokan jointly announced the signing of an “Alliance Agreement” for the two companies to work together on the design, construction and operation of hydrogen fueling stations for use in fueling the materials handling market. As part of their alliance, the companies also agreed to an Equipment, Engineering and License for Suzuki Shokan’s purchase and use of key equipment to be supplied by Air Products for the implementation of Air Products’ SmartFuel® hydrogen fueling station technology.
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. Details on Air Products’ hydrogen fueling station technologies can be viewed at www.airproducts.com/h2energy.
Air Products has more than 60 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.