Modine Receives Order to Supply Thermal and Water Management Components for Automotive Fuel Cell Market

RACINE, Wis.--Aug. 1, 20038, 2003--Modine Manufacturing Company announced today that it has received an order from Ballard Power Systems to supply thermal and water management components in support of Ballard's most advanced automotive fuel cell engines.

"We recognize Ballard Power Systems as a leader in PEM fuel cell engine development and are excited to participate in the development of this important technology," said David B. Rayburn, Modine's President and Chief Executive Officer. "We are very pleased to see Ballard's success through the worldwide implementation of their fuel cell engines, and as a development partner, we will continue to create innovative new products for Ballard, leading to the eventual commercial viability of fuel cell technology."

Beginning this summer, Modine will supply heat transfer and water management components to Ballard for incorporation into fuel cell engines being built for DaimlerChrysler and Ford Motor Company. DaimlerChrysler and Ford Motor Company will use the fuel cell engines in their Mercedes A-Class and Ford Focus vehicles, respectively. These vehicles will be introduced, in limited customer fleets, in Europe, Japan, Singapore and the United States to gain actual road miles under normal driving conditions. These cars will be the first fuel cell cars to move from the research stage to customer demonstrations for DaimlerChrysler and Ford Motor Company and are expected to provide valuable feedback for future generations of fuel cells.

"These demonstration vehicles will provide critical real world feedback that will influence the next generation of Ballard's fuel cell engines. This input will also help shape the types of components that Modine will need to design in support of Ballard's future needs," said Mark A. Baffa, Modine's Director Fuel Cell Products Group.

Ballard is a leader in developing, manufacturing and marketing zero-emission PEM fuel cells.

Modine specializes in thermal management, bringing heating and cooling technology to diversified markets. Modine's products are used in light, medium, and heavy-duty vehicles, HVAC equipment, industrial equipment, refrigeration systems, fuel cells and electronics. Modine can be found on the Internet at www.modine.com.