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SeQual Technologies to be Acquired by Chart Industries
Date:12/2/2010

SAN DIEGO, Dec. 2, 2010 /PRNewswire/ -- SeQual Technologies, Inc., a pioneer in portable oxygen technology, has entered into a definitive agreement to be acquired by Chart Industries' wholly owned subsidiary, CAIRE Inc., a leading respiratory care products provider for the home health care market. SeQual has built a strong reputation based on engineering experience and a clinical patient focus. As a leader in portable oxygen concentrators, SeQual will complement and broaden CAIRE'S respiratory portfolio—creating a one-stop-shop for a provider's oxygen needs.

"Chart's years of industry experience, financial stability and global presence will allow SeQual to focus on providing solutions for the oxygen segment of health care," said Ron Richard, CEO and President of SeQual Technologies. "With over 40,000 eclipses deployed throughout the world, SeQual is a proven leader in long-term oxygen therapy and prides itself on clinical efficacy and education. COPD is a leading cause of death and it's imperative to find innovative respiratory solutions for this global need, not only in clinical product offerings, but in programs and patient support as well."

"This transaction combines SeQual's technology and patient-focused product development capabilities with our global marketing, distribution and operating expertise," stated Steve Shaw, President of Chart BioMedical. "We expect to integrate the majority of SeQual's operations during 2011."

Completion of the transaction, subject to customary closing conditions, is expected by the end of January 2011.

Raptor Partners LLC acted as financial advisor to SeQual Technologies Inc. in connection with this transaction.

Certain statements made in this news release are or imply forward-looking statements, such as statements concerning plans, objectives, business trends, and other information that is not historical in nature. These statements are made based on management's expectations concerning
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SOURCE SeQual Technology, Inc.
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