"The partnership will leverage Brooks' leadership position in automated sample storage and Chart's leadership position in liquid-nitrogen cooled storage freezers," said
The collaboration began in early 2014 and is anticipated to lead to the launch of the first joint product by the middle of this year. Both companies will have rights to distribute products developed through this collaboration.
Brooks is a leading worldwide provider of automation and cryogenic solutions for multiple markets including semiconductor manufacturing and life sciences. Their technologies, engineering competencies and global service capabilities provide customers speed to market, and ensure high uptime and rapid response, which equate to superior value in their mission-critical controlled environments. Since 1978, Brooks has been a leading partner to the global semiconductor manufacturing market and, through product development initiatives and strategic business acquisitions, has expanded their reach to meet the needs of customers in the life sciences industry, analytical & research markets and clean energy solutions. Brooks is headquartered in
Chart is a leading independent global manufacturer of highly engineered equipment used in the production, storage and end-use of hydrocarbon and industrial gases. The majority of Chart's products are used throughout the liquid gas supply chain for purification, liquefaction, distribution, storage and end-use applications. Chart has domestic operations located across
"Safe Harbor Statement" under Section 21E of the Securities Exchange Act of 1934
Some statements in this release are forward-looking statements made under Section 21E of the Securities Exchange Act of 1934. These statements are neither promises nor guarantees but involve risks and uncertainties, both known and unknown, that could cause Brooks' or Chart's financial and business results to differ materially from their respective expectations. The statements are based on the facts known to each company's management at the time they are made. These forward-looking statements include statements regarding the expected timing and benefits of the announced collaboration agreement between Brooks and Chart. Please see the factors and other risks that each company has described in their filings with the
CONTACT: BROOKS CONTACT:
Lynne Yassemedis Brooks Automation, Inc.978-262-2400 www.brooks.com Investor Relations John Mills ICR, Inc.Partner 646-277-1254 CHART CONTACT: Jim FischmanDirector, Investor Relations and Financial Planning Chart Industries, Inc.216-626-1216
Brooks Automation, Inc.