Racine, WI, July 14, 2006 --[ASDWire.com]-- Modine Manufacturing Company (NYSE: MOD), a world leader in designing and developing heating and cooling solutions for a diversified group of markets including electronics cooling, automotive, truck, heavy-duty and industrial, announced today that it has delivered, through its wholly owned subsidiary Thermacore International Inc., high temperature titanium heat pipes to NASA Glenn Research Center in Cleveland, Ohio. These heat pipes are evaluation prototypes in support of NASA’s effort to develop radiator panels for rejecting heat from the power generation systems for long duration space and planetary base missions and could be used on trips to the moon, Jupiter and points further in space.
The Thermacore heat pipes are intended for use at temperatures up to 250º Celsius. The delivered prototypes, which are
The Brayton cycle is the leading power conversion system being evaluated by NASA. Just like all electric generating systems, the unconverted waste heat must be rejected. In this situation, it will be done with large radiator panels that contain heat pipes operating in the temperature range of 20º Celsius to 250º Celsius. To minimize weight, these heat pipes were constructed from Titanium.
“The first use of this heat pipe technology will most likely be on the moon for rejecting heat from the electric generating system for powering the lunar habitat. It would be quite an honor if our heat pipes become part of that mission.” said Nelson Gernert, Research and Development Engineering Manager at Thermacore. The use of heat pipe technology on the lunar surface is the qualification for using them on other missions.
Heat pipe radiator panels to reject kilowatts of heat to the vacuum of space are not small in size. For example, a radiator panel to reject 100 kW of waste heat requires several hundred square feet of area and potentially hundreds of heat pipes. Since its beginning, Thermacore has been involved in the development of advanced Aerospace and Military related heat transfer technologies and products. “Ultimately, the leading edge technologies we developed for the Aerospace and Military sectors will filter into our cooling products used in computers, servers, and automobiles. The Aerospace/Military market for Thermacore has a circular benefit. It drives advances in our technology, which we use to benefit our OEM customers by cooling their products better. Our high volume manufacturing of these advanced products helps to drive down the price of the product, which in turn benefits the Aerospace/Military sector with reduced costs,” explains Tom Cromwell, Thermacore’s General Manager.
Founded in 1916, with fiscal 2006 revenues from continuing operations 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, ventilating, air conditioning) equipment, industrial equipment, refrigeration systems, fuel cells, and electronics. Based in
Statements made in this press release regarding future matters are forward-looking statements within the meaning of the Private Securities Litigation Reform Act of 1995. Forward-looking statements, including those regarding the benefits of the proposed transaction, incremental business and future financial performance are based upon 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 international economic changes and challenges; continued market acceptance and demand for the products and technologies, achievement and adherence to product quality standards equivalent to those experienced by the company in its manufacturing facilities and other 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.
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