CHELMSFORD, Mass., Jan. 13, 2015 (GLOBE NEWSWIRE) -- Brooks Automation, Inc. (Nasdaq:BRKS), a leading worldwide provider of automated bio-sample storage solutions, and Chart Industries, Inc. (Nasdaq:GTLS), a leading global manufacturer of highly engineered equipment used in the production, storage and end-use of cryogenic gases, announced they have entered into a strategic collaboration agreement to develop and distribute automated cryogenic storage solutions. The collaboration combines Brooks' innovative automation solutions with Chart's proven MVE® Series product line of cryogenic bio-sample storage systems.
"The partnership will leverage Brooks' leadership position in automated sample storage and Chart's leadership position in liquid-nitrogen cooled storage freezers," said Dusty Tenney, President of Brooks Life Science Systems. "As the market for biologics and cell-based assays continues to evolve and expand, the industry is demanding automated sample storage, retrieval and tracking technologies that operate at temperatures from -80°C to -150°C and below."
Steve Shaw, President of Chart's BioMedical group, commented, "We are excited to partner with Brooks given their focus on innovative solutions in low temperature biosample storage. Our products have set the industry benchmark for safe, manual bio-sample storage, and we look forward to working with Brooks to enable the automated solution market."
The collaboration began in early 2014 and is anticipated to lead to the launch of the first joint product by the middle of this year. Both companies will have rights to distribute products developed through this collaboration.
About Brooks Automation, Inc.
Brooks is a leading worldwide provider of automation and cryogenic solutions for multiple markets including semiconductor manufacturing and life sciences. Their technologies, engineering competencies and global service capabilities provide customers speed to market, and ensure high uptime and rapid response, which equate to superior value in their mission-critical controlled environments. Since 1978, Brooks has been a leading partner to the global semiconductor manufacturing market and, through product development initiatives and strategic business acquisitions, has expanded their reach to meet the needs of customers in the life sciences industry, analytical & research markets and clean energy solutions. Brooks is headquartered in Chelmsford, MA, with direct operations in North America, Europe and Asia. For more information, please visit www.brooks.com.
About Chart Industries, Inc.
Chart is a leading independent global manufacturer of highly engineered equipment used in the production, storage and end-use of hydrocarbon and industrial gases. The majority of Chart's products are used throughout the liquid gas supply chain for purification, liquefaction, distribution, storage and end-use applications. Chart has domestic operations located across the United States and an international presence in Asia, Australia and Europe. For more information, please visit www.chartindustries.com.
"Safe Harbor Statement" under Section 21E of the Securities Exchange Act of 1934
Some statements in this release are forward-looking statements made under Section 21E of the Securities Exchange Act of 1934. These statements are neither promises nor guarantees but involve risks and uncertainties, both known and unknown, that could cause Brooks' or Chart's financial and business results to differ materially from their respective expectations. The statements are based on the facts known to each company's management at the time they are made. These forward-looking statements include statements regarding the expected timing and benefits of the announced collaboration agreement between Brooks and Chart. Please see the factors and other risks that each company has described in their filings with the Securities and Exchange Commission, including but not limited to the Annual Report on Form 10-K, current reports on Form 8-K and quarterly reports on Form 10-Q. As a result neither Brooks nor Chart can provide any assurance that its future results will not be materially different from those projected. Brooks and Chart each expressly disclaims any obligation or undertaking to release publicly any updates or revisions to any such statement to reflect any change in its expectations or any change in events, conditions or circumstances on which any such statement is based. Brooks and Chart undertake no obligation to update the information contained in this press release.
Brooks Automation, Inc.
Director, Investor Relations and Financial Planning
Chart Industries, Inc.