CLEVELAND, May 12, 2014 (GLOBE NEWSWIRE) -- Chart Industries, Inc. (Nasdaq:GTLS), a leading independent global manufacturer of highly engineered equipment used in the production, distribution, storage, and end-use of hydrocarbon and industrial gases, today announced that its Distribution & Storage ("D&S") Asia business has entered into a strategic supply agreement to provide Shandong Hanas New Energy Co. Ltd. ("Hanas") equipment for 50 permanent liquefied natural gas ("LNG") fuel stations, including installation and commissioning of this equipment, over the next 30 months. Chart will be the exclusive supplier of permanent LNG fuel stations to Hanas during the agreement period, and expects one-third of the total number of stations will be ordered in 2014. Nanjing Xinye, a Chart company in China, will provide the fuel station dispensers incorporating Chart's latest proprietary flow metering technology.
Chart Enters Into Strategic Supply Agreement To Provide LNG Equipment To Shandong Hanas New Energy Co. Ltd.
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