Air Products Signs Second Contract with Samsung Mobile Display to Supply Nitrogen and Other Gases for AMOLED Production

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Oct 19, 2011, 02:00 ET

LEHIGH VALLEY, Pa., Oct. 19, 2011 /PRNewswire/ -- Air Products (NYSE: APD) today announced it has been selected to supply gaseous nitrogen and oxygen, and liquid argon to Samsung Mobile Display (SMD) for its Active Matrix Organic Light Emitting Diode (AMOLED) production. This is the second contract of its type following last year's contract for SMD's 5.5 generation AMOLED.

Air Products will build another air separation unit and pipeline at its Tanjeong, Korea site for gases supply to SMD's upcoming fab. Air Products will also build purification, filtering and monitoring systems. The company is currently supplying gaseous nitrogen and oxygen, and liquid argon to SMD's existing AMOLED fab in Tanjeong and two large-scale TFT-LCD facilities in Cheonan.

"Samsung has been a long-standing and strategic customer for Air Products. We are honored to have their continued confidence in our capabilities to support their growth," said Wayne Mitchell, vice president and general manager of the Electronics Division at Air Products. "This contract once again demonstrates our capability to serve the world's largest electronics customers with our infrastructure, technology advancements and product capacity in place."

Besides Tanjeong and Cheonan, Air Products has also recently announced nitrogen and pipeline expansions in many of the most important semiconductor and LCD manufacturing geographies around the world including Gumi, Korea; Tainan and Tai Chung, Taiwan; and Austin, Tex. and Chandler, Ariz. in the U.S.

For more information on Air Products' Electronics business, please go to www.airproducts.com/semiconductors.

About Air Products

Air Products (NYSE: APD) serves customers in industrial, energy, technology and healthcare markets worldwide with a unique portfolio of atmospheric gases, process and specialty gases, performance materials, and equipment and services. Founded in 1940, Air Products has built leading positions in key growth markets such as semiconductor materials, refinery hydrogen, home healthcare services, natural gas liquefaction, and advanced coatings and adhesives. The company is recognized for its innovative culture, operational excellence and commitment to safety and the environment. In fiscal 2010, Air Products had revenues of $9 billion, operations in over 40 countries, and 18,300 employees around the globe. For more information, visit www.airproducts.com.

About Samsung Mobile Display (SMD)

SMD was established in January 2009 as a core Samsung company that provides cutting-edge display solutions. With highly advanced technological capabilities, SMD offers a comprehensive range of displays including those featuring AMOLED and LCD technologies. SMD is a total solution provider offering next-generation technologies including flexible, foldable and transparent displays. For more information about Samsung Mobile Display, please go to www.samsungsmd.com.

***NOTE: This release may contain forward-looking statements within the safe harbor provisions of the Private Securities Litigation Reform Act of 1995. These forward-looking statements are based on management's reasonable expectations and assumptions as of the date of this release regarding important risk factors. Actual performance and financial results may differ materially from projections and estimates expressed in the forward-looking statements because of many factors not anticipated by management, including risk factors described in the Company's Form 10K for its fiscal year ended September 30, 2010.

SOURCE Air Products