{"id":404967,"date":"2020-12-23T06:03:14","date_gmt":"2020-12-23T11:03:14","guid":{"rendered":"http:\/\/www.marketnewsdesk.com\/?p=404967"},"modified":"2020-12-23T06:03:14","modified_gmt":"2020-12-23T11:03:14","slug":"chart-industries-acquires-sustainable-energy-solutions-inc","status":"publish","type":"post","link":"https:\/\/www.marketnewsdesk.com\/index.php\/chart-industries-acquires-sustainable-energy-solutions-inc\/","title":{"rendered":"Chart Industries Acquires Sustainable Energy Solutions, Inc."},"content":{"rendered":"<div class=\"mw_release\">\n<p align=\"justify\">ATLANTA, Dec.  23, 2020  (GLOBE NEWSWIRE) &#8212; Chart Industries, Inc. (\u201cChart\u201d) (Nasdaq: GTLS) today completed the previously announced acquisition of Sustainable Energy Solutions, Inc (\u201cSES\u201d). SES\u2019s Cryogenic Carbon Capture\u2122 (\u201cCCC\u201d) technology eliminates most emissions from fossil fuels while enabling better use of intermittent renewables through grid-scale energy storage. Coupling SES\u2019s CCC technology with our air-cooled heat exchangers, brazed aluminum heat exchangers, IPSMR\u00ae refrigeration\/liquefaction system and cryogenic storage and transport equipment creates a one-stop full solution option for those looking for integrated technology and equipment.<\/p>\n<p align=\"justify\">As previously announced, effective with our year-end 2020 reporting, Chart will report results externally in four segments: (i) Heat Transfer Systems (ii) Cryo Tank Solutions (iii) Specialty Products and (iv) Repair, Service &amp; Leasing. SES results will be included in Specialty Products, which, in addition to carbon and direct air capture, includes end markets of hydrogen, over-the-road trucking, food &amp; beverage, water treatment, cannabis, molecules by rail, lasers and space exploration. Combined, these markets represent total addressable near-term potential of $4.3 billion for existing Chart equipment and technologies.<\/p>\n<p align=\"justify\">\u201cI am excited to complete the SES acquisition before year-end 2020, as our pipeline of carbon and direct air capture commercial opportunities for 2021 and 2022 is growing,\u201d said Jill Evanko, Chart\u2019s CEO. \u201cWe welcome Larry Baxter, Andy Baxter and the entire SES team to the Chart family.\u201d<\/p>\n<p align=\"justify\">\n        <strong>About Chart Industries, Inc.<\/strong>\n      <\/p>\n<p align=\"justify\">Chart Industries, Inc. is a leading independent global manufacturer of highly engineered equipment servicing multiple applications in the Energy and Industrial Gas markets.\u00a0 Our unique product portfolio is used in every phase of the liquid gas supply chain, including upfront engineering, service and repair.\u00a0 Being at the forefront of the clean energy transition, Chart is a leading provider of technology, equipment and services related to liquefied natural gas, hydrogen, biogas and CO2 Capture amongst other applications. We are committed to excellence in environmental, social and corporate governance (ESG) issues both for our company as well as our customers.\u00a0 With over 25 global locations from the United States to Asia, Australia, India, Europe and South America, we maintain accountability and transparency to our team members, suppliers, customers and communities.\u00a0 To learn more, visit <a href=\"https:\/\/www.globenewswire.com\/Tracker?data=jxhgd2KKnPWtxYzOLCoVMyyEoOyGl_W1hn-xzGvRqCGGl_LsKprZ48-To9y8kYAQL4uiqJeHOMkalLigE8UADPOUVrFrbjDu0UpuabFfaF0=\" rel=\"nofollow noopener noreferrer\" target=\"_blank\">www.chartindustries.com<\/a>.<\/p>\n<p align=\"justify\">\n        <strong>FORWARD-LOOKING STATEMENTS<\/strong>\n      <\/p>\n<p align=\"justify\">Certain statements made in this press release are forward-looking statements within the meaning of the Private Securities Litigation Reform Act of 1995.\u00a0 Forward-looking statements include statements concerning the Company\u2019s business plans, including statements regarding pending acquisitions, completed acquisitions, cost synergies and efficiency savings, objectives, future orders, revenues, margins, earnings or performance, liquidity and cash flow, capital expenditures, business trends, governmental initiatives, including executive orders and other information that is not historical in nature.\u00a0 Forward-looking statements may be identified by terminology such as &#8220;may,&#8221; &#8220;will,&#8221; &#8220;should,&#8221; &#8220;could,&#8221; &#8220;expects,&#8221; &#8220;anticipates,&#8221; &#8220;believes,&#8221; &#8220;projects,&#8221; &#8220;forecasts,&#8221; \u201coutlook,\u201d \u201cguidance,\u201d &#8220;continue,&#8221; \u201ctarget,\u201d or the negative of such terms or comparable terminology.<\/p>\n<p align=\"justify\">Forward-looking statements contained in this press release or in other statements made by the Company are made based on management&#8217;s expectations and beliefs concerning future events impacting the Company and are subject to uncertainties and factors relating to the Company&#8217;s operations and business environment, all of which are difficult to predict and many of which are beyond the Company&#8217;s control, that could cause the Company&#8217;s actual results to differ materially from those matters expressed or implied by forward-looking statements.\u00a0 Factors that could cause the Company\u2019s actual results to differ materially from those described in the forward-looking statements include:\u00a0the Company\u2019s ability to successfully integrate recent acquisitions and achieve the anticipated revenue, earnings, accretion and other benefits from these acquisitions; risks relating to the recent outbreak and continued uncertainty associated with the coronavirus (COVID-19) and the other factors discussed in Item 1A (Risk Factors) in the Company\u2019s most recent Annual Report on Form 10-K filed with the SEC and Quarterly Reports on Form 10-Q, which should be reviewed carefully.\u00a0 The Company undertakes no obligation to update or revise any forward-looking statement.<\/p>\n<p>For more information, click here:<\/p>\n<p>\n        <u><br \/>\n          <a href=\"https:\/\/www.globenewswire.com\/Tracker?data=bMip2CntISWwZ5nHyFeaUjJNb0TZrIVUazTDWV6C5EbX4lrxhOtxBj4M_rEydZaRD2iHRODUkjW5kE9W43jPVq9kOrrF-zc6OMxX0vuS9AepzHhLcGKnlZwdEAfXEAGb\" rel=\"nofollow noopener noreferrer\" target=\"_blank\">http:\/\/ir.chartindustries.com\/<\/a><br \/>\n        <\/u>\n      <\/p>\n<p>\n        <strong>Investor Relations Contact:<\/strong>\n      <\/p>\n<table style=\"border-collapse: collapse;width:100%;border-collapse:collapse\">\n<tr>\n<td style=\"vertical-align: bottom\">Wade Suki, CFA<\/td>\n<\/tr>\n<tr>\n<td style=\"vertical-align: bottom\">Director of Investor Relations<\/td>\n<\/tr>\n<tr>\n<td style=\"vertical-align: bottom\">832-524-7489<\/td>\n<\/tr>\n<tr>\n<td style=\"vertical-align: bottom\">\n            <a href=\"mailto:wade.suki@chartindustries.com\" rel=\"nofollow noopener noreferrer\" target=\"_blank\">wade.suki@chartindustries.com<\/a>\n          <\/td>\n<\/tr>\n<\/table>\n<p \/>\n      <img loading=\"lazy\" decoding=\"async\" class=\"__GNW8366DE3E__IMG\" src=\"https:\/\/www.globenewswire.com\/newsroom\/ti?nf=ODExNjQ3OSMzODkzMTk5IzIwMTA0MzE=\" width=\"1\" height=\"1\" \/><br \/>\n      <br \/>\n      <img loading=\"lazy\" decoding=\"async\" class=\"__GNW8366DE3E__IMG\" src=\"https:\/\/ml.globenewswire.com\/release\/track\/84873482-f8a5-4987-a546-6eeabe93d716\" width=\"1\" height=\"1\" \/>\n    <\/div>\n<div class=\"mw_contactinfo\"><\/div>\n","protected":false},"excerpt":{"rendered":"<p>ATLANTA, Dec. 23, 2020 (GLOBE NEWSWIRE) &#8212; Chart Industries, Inc. (\u201cChart\u201d) (Nasdaq: GTLS) today completed the previously announced acquisition of Sustainable Energy Solutions, Inc (\u201cSES\u201d). SES\u2019s Cryogenic Carbon Capture\u2122 (\u201cCCC\u201d) technology eliminates most emissions from fossil fuels while enabling better use of intermittent renewables through grid-scale energy storage. Coupling SES\u2019s CCC technology with our air-cooled heat exchangers, brazed aluminum heat exchangers, IPSMR\u00ae refrigeration\/liquefaction system and cryogenic storage and transport equipment creates a one-stop full solution option for those looking for integrated technology and equipment. As previously announced, effective with our year-end 2020 reporting, Chart will report results externally in four segments: (i) Heat Transfer Systems (ii) Cryo Tank Solutions (iii) Specialty Products and (iv) Repair, Service &amp; Leasing. SES results &hellip; <\/p>\n<p class=\"link-more\"><a href=\"https:\/\/www.marketnewsdesk.com\/index.php\/chart-industries-acquires-sustainable-energy-solutions-inc\/\" class=\"more-link\">Continue reading<span class=\"screen-reader-text\"> &#8220;Chart Industries Acquires Sustainable Energy Solutions, Inc.&#8221;<\/span><\/a><\/p>\n","protected":false},"author":2,"featured_media":0,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[],"tags":[],"class_list":["post-404967","post","type-post","status-publish","format-standard","hentry"],"yoast_head":"<!-- This site is optimized with the Yoast SEO plugin v27.4 - https:\/\/yoast.com\/product\/yoast-seo-wordpress\/ -->\n<title>Chart Industries Acquires Sustainable Energy Solutions, Inc. - Market Newsdesk<\/title>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/www.marketnewsdesk.com\/index.php\/chart-industries-acquires-sustainable-energy-solutions-inc\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"Chart Industries Acquires Sustainable Energy Solutions, Inc. - Market Newsdesk\" \/>\n<meta property=\"og:description\" content=\"ATLANTA, Dec. 23, 2020 (GLOBE NEWSWIRE) &#8212; Chart Industries, Inc. (\u201cChart\u201d) (Nasdaq: GTLS) today completed the previously announced acquisition of Sustainable Energy Solutions, Inc (\u201cSES\u201d). SES\u2019s Cryogenic Carbon Capture\u2122 (\u201cCCC\u201d) technology eliminates most emissions from fossil fuels while enabling better use of intermittent renewables through grid-scale energy storage. Coupling SES\u2019s CCC technology with our air-cooled heat exchangers, brazed aluminum heat exchangers, IPSMR\u00ae refrigeration\/liquefaction system and cryogenic storage and transport equipment creates a one-stop full solution option for those looking for integrated technology and equipment. As previously announced, effective with our year-end 2020 reporting, Chart will report results externally in four segments: (i) Heat Transfer Systems (ii) Cryo Tank Solutions (iii) Specialty Products and (iv) Repair, Service &amp; Leasing. SES results &hellip; Continue reading &quot;Chart Industries Acquires Sustainable Energy Solutions, Inc.&quot;\" \/>\n<meta property=\"og:url\" content=\"https:\/\/www.marketnewsdesk.com\/index.php\/chart-industries-acquires-sustainable-energy-solutions-inc\/\" \/>\n<meta property=\"og:site_name\" content=\"Market Newsdesk\" \/>\n<meta property=\"article:published_time\" content=\"2020-12-23T11:03:14+00:00\" \/>\n<meta property=\"og:image\" content=\"https:\/\/www.globenewswire.com\/newsroom\/ti?nf=ODExNjQ3OSMzODkzMTk5IzIwMTA0MzE=\" \/>\n<meta name=\"author\" content=\"Newsdesk\" \/>\n<meta name=\"twitter:card\" content=\"summary_large_image\" \/>\n<meta name=\"twitter:label1\" content=\"Written by\" \/>\n\t<meta name=\"twitter:data1\" content=\"Newsdesk\" \/>\n\t<meta name=\"twitter:label2\" content=\"Est. reading time\" \/>\n\t<meta name=\"twitter:data2\" content=\"3 minutes\" \/>\n<script type=\"application\/ld+json\" class=\"yoast-schema-graph\">{\"@context\":\"https:\\\/\\\/schema.org\",\"@graph\":[{\"@type\":\"Article\",\"@id\":\"https:\\\/\\\/www.marketnewsdesk.com\\\/index.php\\\/chart-industries-acquires-sustainable-energy-solutions-inc\\\/#article\",\"isPartOf\":{\"@id\":\"https:\\\/\\\/www.marketnewsdesk.com\\\/index.php\\\/chart-industries-acquires-sustainable-energy-solutions-inc\\\/\"},\"author\":{\"name\":\"Newsdesk\",\"@id\":\"https:\\\/\\\/www.marketnewsdesk.com\\\/#\\\/schema\\\/person\\\/482f27a394d4fda80ecb5499e519d979\"},\"headline\":\"Chart Industries Acquires Sustainable Energy Solutions, Inc.\",\"datePublished\":\"2020-12-23T11:03:14+00:00\",\"mainEntityOfPage\":{\"@id\":\"https:\\\/\\\/www.marketnewsdesk.com\\\/index.php\\\/chart-industries-acquires-sustainable-energy-solutions-inc\\\/\"},\"wordCount\":676,\"image\":{\"@id\":\"https:\\\/\\\/www.marketnewsdesk.com\\\/index.php\\\/chart-industries-acquires-sustainable-energy-solutions-inc\\\/#primaryimage\"},\"thumbnailUrl\":\"https:\\\/\\\/www.globenewswire.com\\\/newsroom\\\/ti?nf=ODExNjQ3OSMzODkzMTk5IzIwMTA0MzE=\",\"inLanguage\":\"en-US\"},{\"@type\":\"WebPage\",\"@id\":\"https:\\\/\\\/www.marketnewsdesk.com\\\/index.php\\\/chart-industries-acquires-sustainable-energy-solutions-inc\\\/\",\"url\":\"https:\\\/\\\/www.marketnewsdesk.com\\\/index.php\\\/chart-industries-acquires-sustainable-energy-solutions-inc\\\/\",\"name\":\"Chart Industries Acquires Sustainable Energy Solutions, Inc. - 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(\u201cChart\u201d) (Nasdaq: GTLS) today completed the previously announced acquisition of Sustainable Energy Solutions, Inc (\u201cSES\u201d). SES\u2019s Cryogenic Carbon Capture\u2122 (\u201cCCC\u201d) technology eliminates most emissions from fossil fuels while enabling better use of intermittent renewables through grid-scale energy storage. Coupling SES\u2019s CCC technology with our air-cooled heat exchangers, brazed aluminum heat exchangers, IPSMR\u00ae refrigeration\/liquefaction system and cryogenic storage and transport equipment creates a one-stop full solution option for those looking for integrated technology and equipment. As previously announced, effective with our year-end 2020 reporting, Chart will report results externally in four segments: (i) Heat Transfer Systems (ii) Cryo Tank Solutions (iii) Specialty Products and (iv) Repair, Service &amp; Leasing. 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