GE Medical Australia Awards Praxair Five-Year Contract.DANBURY, Conn.--(BUSINESS WIRE)--June 24, 1996--GE Medical Systems Australia Pty. Ltd. has awarded Praxair, Inc. a five-year, U.S.$4.2 million (est.) (A$7 million) contract to supply liquid helium Liquid helium for use in magnetic resonance imaging magnetic resonance imaging (MRI), noninvasive diagnostic technique that uses nuclear magnetic resonance to produce cross-sectional images of organs and other internal body structures. (MRI 1. (application) MRI - Magnetic Resonance Imaging. 2. MRI - Measurement Requirements and Interface. ) systems at radiological centers throughout Australia and New Zealand New Zealand (zē`lənd), island country (2005 est. pop. 4,035,000), 104,454 sq mi (270,534 sq km), in the S Pacific Ocean, over 1,000 mi (1,600 km) SE of Australia. The capital is Wellington; the largest city and leading port is Auckland. . GE Medical Systems Australia Pty. Ltd., based in Sydney, markets, sells, distributes and services diagnostic imaging systems. Praxair's liquid helium will be used as a cooling agent for superconducting magnets which are essential to the operation of advanced MRI systems. To supply GE Medical Systems Australia and other customers in Australia and New Zealand, Praxair has formed Praxair Australia Pty. Ltd., a wholly owned subsidiary Wholly Owned Subsidiary A subsidiary whose parent company owns 100% of its common stock. Notes: In other words, the parent company owns the company outright and there are no minority owners. based in Sydney. Starting in July, the new subsidiary will operate a full-scale helium distribution center. Praxair Australia will import large-volume liquid helium containers from Praxair's U.S. production plants and supply liquid and gaseous helium, as well as related products and services, to the MRI, research, diving and other markets in the region. Praxair is the largest industrial gases company in North and South America and one of the largest worldwide, with annual sales of more than $4 billion. The company produces, sells and distributes atmospheric, process and specialty gases and high-performance surface coatings. Praxair is also the world's largest supplier of carbon dioxide carbon dioxide, chemical compound, CO2, a colorless, odorless, tasteless gas that is about one and one-half times as dense as air under ordinary conditions of temperature and pressure. and a recognized leader in the commercialization of new technologies that bring productivity and environmental benefits to a diverse group of industries. CONTACT: Praxair Jennifer Cain, 203/837-2051 |
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