Air Products licenses ICEFLY technology to Advanced Research Systems Air Products announced it has licensed its proprietary cryogenic machining technology to Advanced Research Systems, a manufacturer of industrial and research cryogenic equipment. The technology license agreement gives ARS extensive rights to Air Products' patented ICEFLY Cryogenic Machining Technology. Included in the agreement is the transfer of ICEFLY cryogen delivery equipment design information and cryogenic machining know-how developed by Air Products.
Air Products upgraded at Credit Suisse As previously reported, Credit Suisse upgraded Air Products to Outperform from Neutral. The firm upgraded shares based on valuation and reiterates its $150 price target.