Modine Wins $15.0 Million Program to Supply MAN D08 Engines with Exhaust Gas Recirculation Coolers to Meet EURO 4 Emissions Standards.RACINE, Wis. -- Modine Manufacturing Company (NYSE NYSE See: New York Stock Exchange :MOD), a world leader in designing and developing heating and cooling solutions for the truck, automotive, heavy-duty and industrial markets, announced today it has been awarded a program to supply exhaust gas recirculation “EGR” redirects here. For other uses, see EGR (disambiguation). Exhaust gas recirculation (EGR) is a NOx (nitrogen oxide and nitrogen dioxide) reduction technique used in most gasoline and diesel engines. (EGR EGR Engineering EGR Exhaust Gas Recirculation EGR Engineer EGR Early Growth Response EGR Extra Grace Required EGR Enhanced Gas Recovery EGR Embedded GPS Receiver EGR Emergency Generator Room ) coolers representing $15.0 million in sales over three years to the MAN Group, one of Europe's leading manufacturers of heavy-duty diesel engines, trucks and buses. These EGR coolers will help MAN and its customers to meet the European EURO 4 emission requirements for heavy-duty diesel engines that take effect for all trucks manufactured on and after October 2006. Modine will be supplying EGR coolers for MAN's new 4 and 6 cylinder D0834 and D0836 engines, mainly used on MAN's new TGL TGL Taeglich (German: daily) TGL Touch and Go Landing (aircraft flight training) TGL Temporary Guidance Leaflets TGL Technische Güte und Lieferbedingungen (German) and TGM TGM Tomas Garrigue Masaryk (first president of the Republic of Czechoslovakia) TGM The Games Machine (Italianvideogame review site) TGM Total Gaseous Mercury TGM Transglutaminase TGM Trunk Group Multiplexer light and medium truck lines. "This is another step in our growing relationship with MAN. We are working with them to find thermal solutions, to help them meet the new, more strict emissions requirements that every European truck manufacturer must achieve," said Klaus Feldmann, Modine's Group Vice President Europe. Modine's 250 workers at its Mezokovesd, Hungary plant will produce the EGR coolers, which will be shipped to MAN's Nuremberg facility. "For the last several years our engineers have worked intensively with MAN to develop their EURO 3 and 4 EGR systems. We initially launched in January 2000 with the D28 EURO 3 EGR module, the first heavy truck EGR application worldwide, and today we continue to support MAN with innovative technical solutions meeting their demanding technical requirements. We are proud to be MAN's partner on EGR cooler technology," said Paul Byrne, Modine's Managing Director of the Heavy Duty Business Unit in Europe. About Modine Founded in 1916, with fiscal 2006 revenues from continuing operations continuing operations Parts of a business that are expected to be maintained as an ongoing segment of an overall business operation. Income and losses from continuing operations are reported separately if any segments have been discontinued during the of $1.6 billion, Modine specializes in thermal management systems and components, bringing highly engineered heating and cooling technology and solutions to diversified global markets. Modine products are used in light, medium and heavy-duty vehicles, HVAC (Heating Ventilation Air Conditioning) In the home or small office with a handful of computers, HVAC is more for human comfort than the machines. In large datacenters, a humidity-free room with a steady, cool temperature is essential for the trouble-free (heating, ventilating ventilating Natural or mechanically induced movement of fresh air into or through an enclosed space. The hazards of poor ventilation were not clearly understood until the early 20th century. Expired air may be laden with odors, heat, gases, or dust. , air conditioning) equipment, industrial equipment, refrigeration refrigeration, process for drawing heat from substances to lower their temperature, often for purposes of preservation. Refrigeration in its modern, portable form also depends on insulating materials that are thin yet effective. systems, fuel cells, and electronics. Based in Racine, Wisconsin, the company has approximately 8,000 employees at 34 facilities in 15 countries worldwide. For information about Modine, visit www.modine.com. About the MAN Group The MAN Group is one of Europe's leading manufacturers of vehicles, engines and mechanical engineering equipment with annual sales of circa EUR EUR In currencies, this is the abbreviation for the Euro. Notes: The currency market, also known as the Foreign Exchange market, is the largest financial market in the world, with a daily average volume of over US $1 trillion. 13 billion. MAN provides trucks, buses, diesel engines, turbomachines, as well as industrial services and employs approximately 50,000 people worldwide. MAN's core areas hold leading positions in their respective markets. As one of the 30 leading German companies, MAN AG (Munich) is a member of the Germany stock index of DAX. Statements made in this press release regarding future matters are forward-looking statements within the meaning of the Private Securities Litigation Reform Act The Private Securities Litigation Reform Act of 1995 (PSLRA) implemented several significant substantive changes affecting certain cases brought under the federal securities laws, including changes related to pleading, discovery, liability, class representation and awards fees and of 1995. Forward-looking statements, including those regarding a positive impact from new business programs, exploitation of technology, expansion into niche markets, incremental business and continuing market strength are based on Modine's current expectations. Modine's actual results, performance or achievements may differ materially from those expressed or implied in these statements because of certain risks and uncertainties including, but not limited to, market acceptance and demand for products and technologies; successful launch by Modine of the above described program; success of the above described platform in which Modine's products are included; non-cancellation of the platform or Modine as a supplier; the ability of Modine, its customers and suppliers to achieve projected sales and production levels and avoid unanticipated product or manufacturing difficulties; and other factors affecting Modine's business prospects discussed in filings made by Modine, from time to time, with the SEC including the factors discussed in the "Cautionary Factors" section in Item 7 of the Company's most recent Annual Report on Form 10-K and its periodic reports on Form 10-Q. We undertake no obligation to publicly update any forward-looking statement, whether as a result of new information, future events or otherwise. |
|
||||||||||||||
Printer friendly
Cite/link
Email
Feedback
Reader Opinion