Praxair Cryomag Services Signs Long Term Transfill Contract with Biomagnetics

Praxair Cryomag Services Signs Long Term Transfill Contract with Biomagnetics

November 06, 2003

DANBURY, Conn., November 6, 2003 — Praxair, Inc. (NYSE: PX) today announced that the Praxair Cryomag Services business has signed an agreement to supply cryogen and transfilling services to approximately 30 Magnetic Resonance Imaging (MRI) sites serviced by Exton, Pennsylvania-based BioMagnetics LTD. The new contract will provide services in the New York City and Philadelphia regional areas and extends the current cryogen contract through 2008 with the addition of transfilling services.

"This is an important milestone for Praxair Cryomag Services," said Joe Cappello, vice president helium and rare gases and Praxair Services, Inc. "Adding transfilling services, to a long standing cryogen only agreement, demonstrates Praxair's commitment to expanding its capabilities and value-added offerings to meet the superconducting magnet service needs of our customers in the MRI marketplace."

"The opportunity to work with Praxair Cryomag Services created a positive situation for our customers," added Jeff Yokum, vice president of BioMagnetics. "Our contracted MRI customer base benefits from Praxair’s extensive cryogen delivery expertise combined with MRI servicing."

Praxair is the largest industrial gases company in North and South America, and one of the largest worldwide, with 2002 sales of $5.1 billion. The company produces, sells and distributes atmospheric and process gases, and high-performance surface coatings. Praxair products, services and technologies bring productivity and environmental benefits to a wide variety of industries, including aerospace, chemicals, food and beverage, electronics, energy, healthcare, manufacturing, metals and others. More information on Praxair is available on the Internet at www.praxair.com.

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Phone: 1-203-837-2118