USA: Modine and XCELLSIS Sign Exclusive Agreement for Fuel-Cell-Component Development
Modine Manufacturing Company (NASDAQ:MODI) and XCELLSIS announced today the signing of an exclusive cooperation agreement that focuses on Modine's development and manufacturing of components for fuel-cell engines in buses, cars, and trucks. XCELLSIS is a joint venture of DaimlerChrysler, Ballard Power Systems, and Ford Motor Co. with the mission to develop, manufacture, and commercialize fuel-cell engines as the world-leading supplier to original-equipment manufacturers. Modine is an independent, worldwide leader in heat-transfer and heat-storage technology serving vehicular, industrial, commercial, and building-HVAC (heating, ventilating, air-conditioning) markets.
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