Chart Industries' (GTLS) IPSMR Technology Selected by Argent

Group 1: Contract and Technology Overview - Chart Industries secured a contract from Argent LNG to provide its mid-scale modular liquefaction solution, IPSMR process technology, for a 20 MTPA LNG facility in Port Fourchon, LA [1] - IPSMR technology enhances efficiency and performance in liquefaction systems, optimizing resource utilization and reducing operational costs [2] - The modular design of IPSMR allows for customization, improving adaptability to various site conditions and gas turbine power specifications [2] Group 2: Market Demand and Future Orders - The IPSMR technology will enable Argent to cater to the increasing demand for LNG-related services [3] - Chart Industries is expected to book another IPSMR technology and equipment order in 2025 [3] Group 3: Stock Performance - Chart Industries currently carries a Zacks Rank 3 (Hold) and has gained 5.3% year-to-date, outperforming the industry's 1.9% rise [4]