ATLANTA, June 23, 2022 (GLOBE NEWSWIRE) — Chart Industries, Inc. (NYSE: GTLS) has received full notice to proceed (“FNTP”) for our IPMSR® process and equipment activities to be used in Cheniere’s Corpus Christi Stage Three liquefied natural gas (LNG) export terminal project.
In conjunction with the FNTP, Chart booked an order valued at over $260 million, which is in addition to the approximately $50 million already in backlog as of March 31, 2022 for this project. The orders were received from Bechtel. Chart will begin recognizing revenue on this project in 2022 with a multi-year staggered delivery schedule.
FORWARD-LOOKING STATEMENTS
Certain statements made in this press release are forward-looking statements within the meaning of the Private Securities Litigation Reform Act of 1995. Forward-looking statements include statements concerning Chart’s business plans, including statements regarding objectives, future orders, revenues, margins, earnings, performance or outlook, business or industry trends and other information that is not historical in nature. Forward-looking statements may be identified by terminology such as “may,” “will,” “should,” “could,” “expects,” “anticipates,” “believes,” “projects,” “forecasts,” “indicators”, “outlook,” “guidance,” “continue,” “target,” or the negative of such terms or comparable terminology.
Forward-looking statements contained in this press release or in other statements made by Chart are made based…
