Chart Industries To Acquire SeQual Technologies

SeQual Technologies, Inc., a provider of portable oxygen technology, has entered into a definitive agreement to be acquired by Chart Industries' subsidiary, Caire Inc., a respiratory care products provider for the home health care market.

"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, the Company noted.

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

Chart is a global manufacturer of highly engineered equipment used in the production, storage and end-use of hydrocarbon and industrial gases. SeQual Technologies develops, manufactures and markets products for medical, military, industrial and commercial applications that utilize the Company's proprietary pressure swing adsorption (PSA) technology for air separation.

SOURCE: SeQual Technologies, Inc.