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Air Products Acquires Harvest Energy Technology (posted 8/28/08)

August 28, 2008
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Air Products has teamed with Harvest’s on-site reformer technology previously for two DOE hydrogen energy station and vehicle fueling projects.

Air Products has acquired Harvest Energy Technology, Inc., a leader in the development of hydrogen generation technology for industrial and energy applications, to enhance its overall global hydrogen product offerings. Terms of the deal for the company based in Sun Valley, Calif., were not disclosed.

“This acquisition enables Air Products to offer a cost-effective generated hydrogen solution to augment our current gaseous tube trailer and liquid hydrogen tanker offerings,” said Robert Dixon, senior vice president and general manager, Merchant Gases at Air Products. “This new hydrogen generation offering rounds out our merchant gases portfolio and enables us to better serve our customers globally.”

“We have worked with Harvest on several hydrogen fueling projects for smaller scale systems,” said David Guro, the generated gases global product manager for Hydrogen Generation and Purification at Air Products. “The combination of Air Products’ hydrogen pressure swing adsorption capabilities with Harvest’s reformer technology provides the lowest-cost hydrogen available for the merchant market in this production range. Beyond fueling stations, we have already identified several global industrial applications for the system’s capabilities, enhancing our offerings to the steel, glass, metals processing, and photovoltaic markets. This highly packaged on-site hydrogen generation technology allows for easy field installation and is an important addition to the Air Products portfolio of hydrogen delivery options.”

Air Products has teamed with Harvest’s patent-protected on-site reformer technology previously for two U.S. Department of Energy hydrogen energy station and vehicle fueling projects. According to Air Products, the demonstration projects located in Las Vegas, Nev., and at The Pennsylvania State University in State College, Pa., provided optimal testing grounds for the successful combination of the two companies’ technologies and also provided early insight into potential industrial system applications.

“We are pleased to join a company who is a leader in the supply of hydrogen for industrial and energy applications,” said David Warren, Ph.D., chief executive officer of Harvest. “Our team is looking forward to executing new projects and further developing larger and more cost-effective hydrogen generators.” Harvest’s employees will join Air Products and work from their existing California location.

For more information, visit www.airproducts.com. Harvest’s website is located at www.harvest-technology.com.

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