Chart Update on Status of Facilities and Employees in Southeast Texas

ATLANTA, Sept. 05, 2017 -- Chart Industries, Inc. (“Chart”) (Nasdaq:GTLS) has three locations in the greater Houston, Texas area, and this communication is meant to provide a status on our employees’ well-being and our operations in that area. 

Our Energy & Chemicals (“E&C”) segment office headquarters is located in The Woodlands, Texas, and one of our E&C Hetsco service locations is located in Houston.  Neither had any facility impact from the storms.  Our Distribution & Storage (“D&S”) segment has a service and repair facility in Houston, Texas as well, and that facility also did not suffer any damage. 

In addition to the Chart facilities, Hudson Products Corporation (“Hudson”) for which Chart signed a definitive agreement to acquire on June 30, 2017 pending successful completion of customary closing procedures, is headquartered in Beasley, Texas.  Hudson has told us that they have not had water enter the facility, and all offices, shops and equipment are operating in good working order.  

However, residential neighborhoods remain closed or are only now starting to recover from significant flooding.  This is impacting many of the Chart and Hudson employees who are engaged in recovery efforts at their homes and those of neighbors and family members.  Both Chart and Hudson are working closely with their respective suppliers and customers to effectively meet our quality and customer service levels.

We have many instances of our employees going above and beyond to rescue, assist and help their colleagues and communities.  We are proud of our employees who worked together throughout the last week to help each others’ as well as the greater communities’ families. 

Chart has established a fund to assist impacted employees in their immediate and long-term needs.  We have donated $25,000 with no requirement to match.  For information on how to donate, please contact:

Tom Pittet
Director of Treasury
(770) 721-7664                                                                                  
[email protected]

Thank you in advance for joining this effort. 

Certain statements made in this press release are forward-looking statements within the meaning of the Private Securities Litigation Reform Act of 1995. Forward-looking statements include statements concerning Chart’s plans, objectives, future orders, revenues, earnings or performance, liquidity and cash flow, capital expenditures, business trends, and other information that is not historical in nature. Forward-looking statements may be identified by terminology such as "may," "will," "should," "could," "expects," "anticipates," "believes," "projects," "forecasts," “outlook,” “guidance,” "continue," or the negative of such terms or comparable terminology.

Forward-looking statements contained in this press release or in other statements made by Chart are made based on management's expectations and beliefs concerning future events impacting Chart and are subject to uncertainties and factors relating to Chart’s operations and business environment, all of which are difficult to predict and many of which are beyond Chart’s control, that could cause Chart’s actual results to differ materially from those matters expressed or implied by forward-looking statements. Factors that could cause Chart’s actual results to differ materially from those described in the forward-looking statements include those found in Item 1A (Risk Factors) in Chart’s most recent Annual Report on Form 10-K filed with the SEC, which should be reviewed carefully, as well as risks and uncertainties related to the closing of the acquisition of Hudson and subsequent integration of Hudson’s business with Chart’s. Chart undertakes no obligation to update or revise any forward-looking statement.

Chart is a leading independent global manufacturer of highly engineered equipment for the industrial gas, energy, and biomedical industries.  The majority of Chart's products are used throughout the liquid gas supply chain for purification, liquefaction, distribution, storage and end-use applications, a large portion of which are energy-related.  Chart has domestic operations located across the United States and an international presence in Asia, Australia, Europe and South America.  For more information, visit: http://www.chartindustries.com.

Contact:

Jillian Evanko                                                              
Vice President, Chief Financial Officer and Treasurer          
(770) 721-7739                                                                                   
[email protected]