Modine Provides Cooling Modules for the First Hydrogen Powered Buses in Brazil

RACINE, Wis.--Modine Manufacturing Company , a world leader in designing and developing heating and cooling solutions for a diversified group of markets, announced today its Fuel Cell Products Group will deliver specially designed cooling modules, as well as other ancillary components, for the first hydrogen powered buses in Brazil. Modine will be cooling the complete fuel cell system, as well as all the electric drive train components for this project, sponsored by the Ministry of Mines and Energy, United Nations Development Program, and EMTU/SP (São Paulo Metropolitan Urban Transport Company).

"Given the successful performance demonstrated by Modine's fuel cell bus cooling modules in the European Clean Urban Transportation for Europe (CUTE) program, as well as other programs in Iceland, Australia, China and California's Santa Clara Valley, we are pleased to have been chosen by the consortia partners to provide equipment to meet the challenging thermal management needs of this next-generation bus program," said David Rayburn, Modine’s President and Chief Executive Officer.

The Ministry of Mines and Energy will launch the $16 million project to test the operational viability and commercialization of fuel cell buses in urban areas. The project, with eight buses along with the supporting refueling infrastructure, will be launched on November 14, 2006 in São Paulo, Brazil, when the consortium responsible for the supply of the bus and the hydrogen infrastructure is announced. In addition to Modine, the following companies, also recognized as world leaders, are part of that consortium: AES Eletropaulo, Ballard Power Systems, EPRI International, Hydrogenics, Marcopolo, Nucellsys, Petrobras and Tuttotrasporti. The following authorities will participate in the launch: the Minister of Mines and Energy, the governor of São Paulo, the president of EMTU, and representatives of the consortium.

This program win support Modine’s five year goal of four to six percent organic annual revenue growth. Including acquisitions, Modine’s five year revenue growth goal is 11 to 13 percent annually.

Modine Fuel Cells Products Group

Modine began working with fuel cell technology in the spring of 1997 and launched its Fuel Cell Products Group in 2000. Now the group’s employees are using Modine’s more than 90 years of global experience in thermal management to design cutting-edge fuel cell thermal solutions. Modine technology is already at work in high profile automotive fuel cell projects with Nucellsys, formerly Ballard Power Systems Inc., such as water management components for the PEM fuel cell engine that Nucellsys supplied to DaimlerChrysler, Ford and others. In addition, Modine is supplying stack cooling modules along with other heat exchangers for the fuel cell engine used in more than 30 buses which are part of the CUTE Program in Europe, as well as for the Gillig Corporation bus for the California Fuel Cell Partnership. Modine’s Fuel Cell Products Group also supplies stack cooling modules and other balance of plant thermal management technology, to a number of stationary fuel cell manufacturers and fuel processing sub-systems and components to Chevron Technology Ventures LLC and others, in support of hydrogen infrastructure efforts and for stationary applications. Modine employs more than 500 thermal design engineers focused on providing cooling solutions to customers.