Dana Corporation Projects Support New Fuel-Cell Initiative
Company Involved in More than 50 Active Fuel Cell Projects Worldwide TOLEDO, Ohio, Feb. 5 -- With fuel-cell development moving to the forefront of the nation's environmental consciousness, Dana Corporation engineers continue to apply their manufacturing and technical expertise to this promising energy solution. Dana Chairman and CEO Joe Magliochetti said President George W. Bush's recently announced $1.2 billion Fuel-Cell Initiative reaffirms the continuing importance of fuel-cell development and energy conservation. "Dana has a significant track record in fuel-cell component development," Mr. Magliochetti said. "In fact, our engineers are currently working on more than 50 active fuel cell projects globally with partners in the residential, commercial, and automotive markets. We are particularly encouraged by the level of technology directed toward a commercially and technically viable fuel cell for mobile applications." Fuel cells convert the chemical energy in fuels, such as hydrogen, into efficient and environmentally friendly electricity. The electricity generated will effectively power automotive, commercial, and recreational vehicles. In addition to transportation applications, fuel cells are now beginning to power hand-held devices, houses, and businesses. This exciting technology will lessen reliance on traditional energy sources. Dana has established dedicated Fuel-Cell Support Centers in the United States, Canada, and Germany. These centers are developing the technology and components to support three major fuel-cell sub-systems: the fuel-cell stack, fuel processor, and balance of plant. At each location, Dana scientists, engineers, and designers are developing the next generation of fuel-cell products and manufacturing methods in preparation for high-volume production. To learn more about Dana Corporation's fuel-cell development efforts, please visit our technology website at http://www.dana.com/technology/. Dana Corporation is a global leader in the design, engineering, and manufacture of value-added products and systems for automotive, commercial, and off-highway vehicle manufacturers and their related aftermarkets. The company employs more than 60,000 people worldwide. Founded in 1904 and based in Toledo, Ohio, Dana operates hundreds of technology, manufacturing, and customer service facilities in 34 countries. The company reported sales of $10.3 billion in 2001.