DANBURY, Conn., December 2, 2003 — Praxair, Inc. (NYSE: PX) today announced that the Praxair Cryomag Services business has signed an agreement with MagnaServ, Inc. of Stuart, Florida to supply cryogen, transfilling services and cold head services to MagnaServ customers. MagnaServ is a nationwide Magnetic Resonance Imaging (MRI) total service provider and selected Praxair Cryomag Services to take care of all transfilling and magnet related issues including magnet pressure and magnet recharging. The agreement is in place for five years. Praxair Cryomag Services will provide cryogen supply and magnet service to over 25 MagnaServ imaging centers and MRI installations.
"Prior to the creation of Praxair Cryomag Services, MagnaServ worked individually with Praxair as our national cryogen supplier and with Cryomag Services as a regional transfilling services provider," said Len Spooner, president of MagnaServ, Inc. "The business decision to outsource select magnet services using Praxair Cryomag Services provides the opportunity to be more cost effective and provide better service for our customers."
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.