Tag: AirSep

VANCOUVER, British Columbia - Europe's 59 million Euro oxygen therapy market is expected to grow as the continent's population ages and former smokers develop lung disease, iData Research reported recently. “Among western European countries, France has the largest number of patients on long-term oxygen therapy, and the extensive use of oxygen concentrators is encouraged by some of the highest reimbursement rates in Europe,” said Kamran Zamanian, CEO of iData, in a press release. Conversely,...

BUFFALO, N.Y. - Norm McCombs, the senior vice president of research and development at AirSep, has hit a milestone or two in his long career as an engineer and inventor. He holds more than 40 U.S. patents and he's received the Thomas A. Edison Patent Award from the American Society of Mechanical Engineers, not once but twice (2004 and 2007). But when he found out he would be awarded a National Medal of Technology and Innovation from President Barack Obama in February, for his work on pressure swing...

AMHERST, N.Y. - Norman McCombs, senior vice president of research and development at AirSep, received the National Medal of Technology and Innovation from the U.S. government, according to a press release from SUNY Buffalo, where McCombs is an alumnus. The award recognizes those “who have made lasting contributions to America's competitiveness and quality of life and helped strengthen the nation's technological workforce.” McCombs, who has been associated with AirSep since the company's...

CLEVELAND - Chart Industries has entered into a definitive agreement to acquire AirSep Corp. for $170 million in cash and up to $10 million in assumed debt, the companies announced this week.The deal allows Chart to supplement its BioMedical Group's oxygen product offerings and provides a growth platform for on-site air separation gas generation for industrial segments, according to a release.“The acquisition also represents an attractive and stable complement to our large and rapidly growing...