NEWS RELEASE CHART ANNOUNCES PRICE INCREASE ON BULK STORAGE EQUIPMENT Garfield Heights, OH – August 31, 2005 – Chart Industries, Inc. (OTC: CIDI.OB) Distribution and Storage Group announced that effective October 1, 2005 it will adjust its base prices for bulk cryogenic storage equipment by an average of approximately 2%. Tom Carey, President of Chart’s Distribution & Storage Group, stated: “Despite published reports about the softening of market pricing for commodity steel products, the reality for Chart is that base pricing for the custom alloys and sizes required for cryogenic bulk tanks remains at extremely high levels. Concurrently, energy related and transportation costs for our raw materials and production facilities continue to increase. Base prices have not been adjusted since February of this year; however, effective October 1, 2005 we will be increasing bulk tank prices an average of 2%. The primary driver of the surcharge component of our pricing is the cost of raw nickel which continues to operate at historic high levels in general. As a result, our surcharges will remain as previously published. Prices for cryogenic liquid cylinders, MicroBulk products and beverage CO2 equipment will remain at February 2005 levels in the interest of maximizing the rate of mode change to cryogenic supply solutions. Base prices and surcharges per model will be posted on Chart’s website at www.chart-ind.com.” Chart Industries, Inc. is a leading global supplier of standard and custom engineered products and systems serving a wide variety of low temperature and cryogenic applications. Chart has domestic operations located in seven states and an international presence in Australia, China, the Czech Republic, Germany and the United Kingdom. For more information, visit www.chart-ind.com. Contact: October Surcharge
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