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INTERMAGNETICS GENERAL CORPORATION ANNOUNCES PROGRESS IN AUTOMOBILE AIR CONDITIONING REFRIGERANT DEVELOPMENTS

 GUILDERLAND, N.Y., July 20 /PRNewswire/ -- Intermagnetics General Corporation (AMEX: IMG) and its subsidiary, APD Cryogenics Inc., announced that, following preliminary scientific and equipment tests, the company has now entered into an agreement with a major U.S. automobile manufacturer -- Chrysler Corporation (NYSE: C) -- to supply its environmentally friendly refrigerants for use in existing automobile air conditioners. Purchases by Chrysler of these refrigerants, having a registered(A) trade name FRIGC, are contingent upon Intermagnetics having met all necessary government and automobile industry approvals. Intermagnetics believes it should be able to comply with all regulatory tests including toxicity, flammability, ozone and global warming, and material compatibility requirements. Commercial introduction of Intermagnetics' refrigerant could occur in calendar year 1994, depending upon when the company is able to obtain the necessary regulatory approvals.
 The developments have been stimulated by the fact that an international agreement known as the Montreal Protocol was signed by the United States and 93 other nations to phase out the use of CFC-12. In February of 1992, President Bush announced that CFCs would be phased out by Dec. 31, 1995. As a result, domestic auto makers have intensified their efforts to find a substitute for CFC-12, the standard automobile refrigerant presently in use. A new non-ozone-depleting refrigerant, HFC-134A, has been made available as a possible substitute. Unfortunately, HFC-134A cannot be used in existing mobile air conditioning units without costly modifications. For example, converting from CFC-12 to HFC-134A requires re-engineering the air conditioning systems used in all existing CFC-12-based vehicles. The cost to consumers for overcoming this shortfall, according to a United Nations Environment Programme report, would average over $400 per vehicle but could be more than $1,000 on some models. The ready availability of FRIGC could avoid these costly modifications.
 APD Cryogenics has over the last 20 years designed, utilized and/or manufactured refrigeration systems for the scientific and commercial marketplace. Intermagnetics had previously announced that APD had developed a new "drop in" refrigerant to replace chlorofluorocarbons (CFC-12) used in automobile air conditioning systems; that patent applications for its technology had been filed and that Intermagnetics' refrigerant may eliminate the need for costly redesign and tooling which the American Automobile Manufacturers Association estimates "could cost U.S. society more than $30 billion."
 Intermagnetics General is a leading manufacturer of superconducting magnets, wire and associated low-temperature refrigeration equipment, the combination of which is especially useful in medical diagnostic imaging (MRI) systems. The company is dedicated to the development and commercialization of applied superconducting systems and also manufactures specialty refrigeration, permanent magnet and material separation systems.
 (A) Applied for.
 -0- 7/20/93
 /CONTACT: Carl H. Rosner, president of Intermagnetics General Corp., 518-456-5456, or Gary Hordeski, vice president of APD Cryogenics Inc., 215-791-6768/
 (IMG C)


CO: Intermagnetics General Corp.; APD Cryogenics Inc.; Chrysler Corp. ST: New York IN: AUT ENV SU: CON PDT

BM -- CL007 -- 6688 07/20/93 10:24 EDT
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Publication:PR Newswire
Date:Jul 20, 1993
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