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Air Products Lands Contract with Genesis for KeepCOLD® Cryogenic Services
Date:3/23/2011

LEHIGH VALLEY, Pa., March 23, 2011 /PRNewswire/ -- Air Products (NYSE: APD) announced today the signing of a long-term contract with Genesis Medical Imaging, Inc., one of the United States' largest independent MRI (magnetic resonance imaging) service providers based in Huntley, Illinois. Under the agreement, Air Products will supply its KeepCOLD® Cryogenic Services product offering for approximately 150 magnets currently installed by Genesis for MRI scans at medical service providers across the country.  

"The contract with Genesis is the largest we have signed in the independent sector to date.  We believe this market will present further opportunities and we will continue to grow that end of the business with our established offerings," said Shawn Smith, product manager - North America Helium at Air Products. "In this growing market we are able to use the wealth of experience we have gained working closely with original equipment manufacturers (OEMs), be able to continue to provide that experience to our OEM customers, and now transition that knowledge to our work with Genesis and other independents as well."

"Air Products' enviable quality and OEM experience make a superb fit with Genesis' unique position to provide customers the excellence and security of an OEM relationship with the pricing and responsiveness of independent service," said Robert Dakessian, Genesis president and CEO.  "Air Products' reliability can mean more uptime, another step in Genesis' promise of continuous improvement in quality and value from a service partner you can trust."    

Smith said he believed Air Products' 20 years of MRI servicing experience, as well as its product offerings' flexibility to meet the specific needs of the customer, were essential to gaining the Genesis contract.  "We have been and are the leading third-party service provide
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SOURCE Air Products
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