DANBURY, Conn., May 28, 2008 — Praxair Cryomag Services, a subsidiary of Praxair Inc. (NYSE: PX), was recently presented with a Productivity Award at the 2008 GE Healthcare Global Supplier Day.
As noted by GE Healthcare in its citation, “Praxair is a global supplier for delivering liquid helium to our MRI machines. Over the last two years, and servicing almost 600 magnets, Praxair has provided us with half a million dollars in variable cost productivity savings and cost avoidance. Praxair routinely goes above and beyond to service GE in many areas in need of support. GE Healthcare is pleased to present Praxair with the Productivity Award for their commitment to sharing their expertise and productivity.”
Jack Quinn, national service manager for Praxair Cryomag Services, stated, “We are immensely pleased and proud to have won this award. We have developed a number of processes for reducing emergency service calls, which have yielded significant savings for GE. In addition, we provided creative ideas to make it easier for GE field engineers to do their jobs. All together, it has been a great working relationship.”
Praxair Cryomag Services is a leading supplier of helium to the superconducting magnet industry and has provided customers with fast, efficient, professional service for superconducting magnets in a variety of applications. Customers experience the total service supply capabilities of cryogen, expert magnet maintenance, and industry-leading technical service.
About GE Healthcare
Headquartered in the United Kingdom, GE Healthcare is a $17 billion unit of General Electric Company (NYSE: GE). Worldwide, GE Healthcare employs more than 46,000 people committed to serving healthcare professionals and their patients in more than 100 countries. For more information about GE Healthcare, visit www.gehealthcare.com.
Praxair, Inc. is the largest industrial gases company in North and South America, and one of the largest worldwide, with 2007 sales of $9.4 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 about Praxair is available on the Internet at www.praxair.com.