Our second operating division Distribution and Storage has traditionally been an industrial gas supplier, providing the full range of equipment to take industrial gases from air separation plants, all the way through the value chain to on-site storage of the industrial gases as cryogenic liquid. An important part of this business, however, our LNG related applications for distribution of LNG where we’ve taken the same equipment and adapted it and developed it for use of LNG as a diesel fuel replacement and I’ll talk more about that going forward.
This business similarly most of our growth has been outside the U.S. over the past nine years, particularly in China, but also in Central and Eastern Europe. We’re seeing resurgence because of LNG in the U.S., so I expect again the potential for our U.S. percentage business to grow slightly in the future in respect of our overall geographic distribution.
Our third operating segment is BioMedical. This uses the same technologies has our Distribution and Storage business, but had specialized sales and marketing capabilities, as well as product development for tailoring products to specific BioMedical services particularly for patients with COPD or emphysema, and also for a very cold storage, long-term storage of biological materials. I’ll talk a bit about the acquisition we made later in the presentation for this segment and the reasons behind that.
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