DANBURY, Conn. and Stevensville, Md., May 10, 2012 — Praxair, Inc. (NYSE: PX) and Vapotherm, Inc. have signed a multi-year marketing and distribution agreement for the sale and distribution of a new heliox delivery system to hospitals in North America, Latin America, Spain and Portugal. Heliox is a respiratory gas composed of helium and oxygen.
The companies will provide hospitals with Vapotherm’s Precision Flow® heliox system which was recently cleared by the U.S. Food and Drug Administration and is the first fully integrated high-flow therapy device for non-invasive delivery of heliox via nasal cannula (tube). The device will be offered for use in combination with Praxair’s Medipure™ heliox gas and a new proprietary gas cart system for convenient delivery at the point of care.
“We are excited to collaborate on a system that enhances safety, convenience and patient comfort” said Kevin Thibodeau, executive vice president of Sales and Marketing, Vapotherm. “The agreement combines our respective strengths to bring ease-of- use to specialty gas delivery in respiratory care.”
“The joint arrangement with Vapotherm further expands Praxair’s comprehensive offerings to its growing healthcare customer base,” said Janet Coffman, global healthcare marketing director, Praxair. “The Vapotherm system provides patients with a step-change, non-invasive respiratory option that was previously unavailable. This proprietary portable system can be used with Praxair’s Medipure heliox gas to provide a unique offering for the respiratory market.”
Vapotherm, Inc. is a privately held manufacturer of respiratory care devices for hospitals and home care use based in Stevensville, Maryland. The company is dedicated to the development of innovative, non-invasive technologies for respiratory therapy, especially for the treatment of chronic lung and acute breathing disorders. For more information, visit www.vtherm.com.
Praxair, Inc. is the largest industrial gases company in North and South America and one of the largest worldwide, with 2011 sales of $11 billion. The company produces, sells and distributes atmospheric and process gases and high-performance surface coatings. Praxair products, services and technologies are making our planet more productive by bringing efficiency 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.
Kevin Thibodeau, Vapotherm, Sales & Marketing (410) 604-3977