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.