DANBURY, Conn., June 5, 2003 — Praxair, Inc. (NYSE: PX) today announced the formation of Praxair Services, Inc., a wholly owned subsidiary. The new company offers comprehensive integrity assessment and control for tanks and piping, nitrogen and other portable gases, environmental drilling, pipeline hydro testing, and leak detection services. This consolidation under the Praxair Services, Inc. name follows the acquisition of Tracer Research Corporation and its subsidiary Corrocon by Praxair’s UCISCO business in the fourth quarter of 2002.
"Creating Praxair Services, Inc. will allow us to augment the UCISCO mobile nitrogen pumping and rapid-response cleaning, and inspection service expertise with premier leak detection technologies from Tracer Research and cathodic protection services from Corrocon," commented Praxair Services’ President, Bill Stoll. "Praxair Services, Inc. will help our customers address the challenges they face in assessing and maintaining the integrity of their tanks and piping."
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.