Benzinga | Dec 2, 2021 02:01PM EST

Chart Industries Partners With Korea's Hylium For Liquid Hydrogen Trailers

* Chart Industries, Inc. (NYSE:GTLS) and Hylium Industries, Inc., a liquid hydrogen technology company, signed a Memorandum of Understanding to establish a joint venture and associated supply agreement to design and produce liquid hydrogen trailers for the Republic of Korea.

* Hylium also placed a purchase order for three liquid hydrogen trailers. The financial terms of the arrangement were not disclosed.

* As per the agreement, the trailers will be designed and produced for sale in Korea through Hylium, including obtaining and maintaining all applicable government certifications, approvals, and registrations required.

* Price Action: GTLS shares traded lower by 0.36% at $168.19 on the last check Thursday.