Chart Industries Launches Cryogenic Telemetry; Chart Signs First Customers For Its CoolTel O2Guardian Telemetry System.

Business Editors

CLEVELAND--(BUSINESS WIRE)--Jan. 22, 2002

Chart Industries, Inc. (NYSE:CTI) announced today that its CoolTel division will provide remote monitoring and logistic services to two prominent companies that deliver liquid oxygen to home health care patients. Together, these initial contracts call for the monitoring of 750 liquid oxygen reservoirs of home health care patients.

CoolTel's medical telemetry system (the "O2Guardian"(TM)) provides home care liquid oxygen distributors with up-to-date information on the liquid level of their home patients' oxygen reservoirs. This assures that patients will not experience "run-outs" that cause costly emergency fills. It further enables distributors to make deliveries only when needed, thereby reducing their total number of deliveries. The O2Guardian also incorporates a powerful logistic tool that optimizes the distributors' fleet logistics. In addition to monitoring liquid oxygen patients, dealers can use the CoolTel's Count Scout(TM) System to monitor usage and schedule deliveries of high-pressure oxygen gas cylinders.

"Home medical equipment suppliers have been asking for help to reduce the costs of their oxygen delivery operations and we are demonstrating that telemetry provides the dramatic impact they need in this regard," said John Hupp, President of CoolTel. "The acceptance of the O2Guardian by some leading health care dealers is a very significant step for the health care industry."

Hupp further stated, "We beta tested the O2Guardian for five months and have achieved some impressive results. We were able to increase patient cycle times (intervals between deliveries) in some cases over 200 percent and thereby significantly reduce the number of deliveries. Our customers will be able to add additional patients without increasing the number of vehicles or driver hours. We anticipate further improvement in efficiencies throughout our customers' operations as we roll out telemetry to their other depots."

Chart's CoolTel division is a leading provider of telemetry solutions for the health care industry, connecting customers with their dispersed assets. CoolTel's web-based solutions allow managers to access timely and accurate information to more efficiently operate their business. Benefits realized include lower costs, increased profitability, improved customer satisfaction and, most importantly, low-cost expansion.

"This is a very important and validating milestone for Chart," explained Arthur S. Holmes, Chart's Chairman and Chief Executive Officer. "After many years of significant in-house development work, the O2Guardian is now an exciting commercial reality. We anticipate a rapid roll out to our new customers and other distribution customers representing thousands of end-use locations during 2002." Holmes continued, "We are pleased to announce CoolTel's commercial launch and the addition of these services to Chart's product portfolio."

Chart Industries, Inc. manufactures standard and custom-built industrial process equipment primarily for low-temperature and cryogenic applications. Headquartered in Cleveland, Ohio, Chart has domestic operations located in 13 states and international operations located in China, Czech Republic, England, and Germany. For more information on Chart Industries and CoolTel, visit the Company's home page web site at www.chart-ind.com.