RACINE, Wis., Feb. 27, 2025 /PRNewswire/ — Modine (NYSE: MOD), a diverse international chief in thermal control era and answers, nowadays introduced $180 million in orders for Airedale by means of Modine™ knowledge heart cooling techniques from a untouched buyer that could be a well-known AI infrastructure developer. The top capability apparatus are purpose-built to satisfy the client’s goals to handover scalable, cost-effective and sustainable answers for AI packages by means of constructing large-scale, building-optimized knowledge facilities. Airedale by means of Modine knowledge heart answers are designed to decrease the full charge of possession by means of handing over stunning Energy Utilization Effectiveness (PUE) via free-cooling era and complex keep an eye on techniques. The goods will likely be manufactured at Modine’s state of the art amenities in Rockbridge, Virginia, and Grenada, Mississippi, with supply anticipated all the way through 2025 and the primary part of 2026.
“These initial orders from an important new customer demonstrate the value provided by Airedale by Modine data center cooling products, underscoring our strategic advantage in this market,” stated Eric McGinnis, President, Environment Answers. “We expect this to be a long-term partnership as we support their significant growth objectives to develop some of the largest, high-performance computing clusters in the world.”
“Building relationships and delivering on promises are key to meeting and exceeding our aggressive growth targets for this business,” added Neil D. Brinker, President and Prominent Govt Officer. “Our current order intake, significant development funnel and this new business win provide us with confidence in our ability to drive organic growth, and support our expectation of delivering organic growth in excess of 30% in our next fiscal year.”
“We are excited to leverage our engineering expertise to provide a fit-for-purpose solution that helps this important customer achieve their objectives,” stated Artwork Laszlo, Workforce Vice President, Knowledge Facilities at Modine. “Airedale by Modine partners with our customers’ to solve their most complex challenges through customized solutions that are meticulously engineered by our global Data Centers team to deliver superior operating performance, efficiency, and reliability.”
Those considerable orders underscore Modine’s precision-engineering features and constancy to offering leading edge and environment friendly thermal control answers that meet the rigorous calls for of contemporary knowledge facilities.
For more info about Airedale by means of Modine answers, please talk over with www.airedale.com.
About Modine
At Modine, we’re Engineering a Cleaner, More healthy International™. Construction on greater than 100 years of excellence in thermal control, we handover relied on techniques and answers that toughen breeze feature and store herbal sources. Greater than 11,000 staff are at paintings in each and every nook of the globe, handing over the answers our shoppers want, the place they want them. Our Environment Answers and Efficiency Applied sciences departments assistance our goal by means of making improvements to breeze feature, lowering power and aqua intake, decreasing destructive emissions and enabling cleaner operating automobiles and environmentally-friendly refrigerants. Modine is an international corporate headquartered in Racine, Wisconsin (U.S.), with operations in North The united states, South The united states, Europe and Asia. For more info about Modine, talk over with www.modine.com.
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Ahead-Having a look Statements
This press reduce accommodates statements, together with details about date monetary efficiency and marketplace situations, accompanied by means of words akin to “believes,” “estimates,” “expects,” “plans,” “anticipates,” “intends,” “projects,” and alternative related “forward-looking” statements, as outlined within the Non-public Securities Litigation Reform Operate of 1995. Modine’s untouched effects, efficiency or achievements might fluctuate materially from the ones expressed or implied in those statements on account of positive dangers and uncertainties, together with, however now not restricted to these described below “Risk Factors” in Merchandise 1A of Section I of the Corporate’s Annual Record on Method 10-Ok for the pace ended March 31, 2024 and below Ahead-Having a look Statements in Merchandise 7 of Section II of that very same record and within the Corporate’s Quarterly Record on Method 10-Q for the quarters ended June 30, 2024, September 30, 2024, and December 31, 2024. Alternative dangers and uncertainties come with, however aren’t restricted to, please see: the affect of doable antagonistic traits or disruptions within the international financial system and monetary markets, together with affects similar to inflation, power prices, govt incentive or investment methods, provide chain demanding situations or provider constraints, logistical disruptions, price lists, sanctions and alternative business problems or cross-border business restrictions; the affect of alternative financial, social and political situations, adjustments and demanding situations within the markets the place we function and compete, together with foreign exchange trade charge fluctuations, adjustments in rates of interest, tightening of the credit score markets, recession or fix therefrom, restrictions related to uploading and exporting and international possession, people fitness crises, and the overall uncertainties, together with the affect on call for for our merchandise and the markets we grant from regulatory and/or coverage adjustments which have been or could also be applied within the U.S. or in a foreign country, together with the ones similar to tax and business, condition exchange, people fitness blackmails, and armed forces conflicts, together with the conflicts in Ukraine and within the Heart East and tensions within the Pink Sea; the entire fitness and pricing center of attention of our shoppers; adjustments or blackmails to the marketplace expansion potentialities for our shoppers; our talent to effectively notice expected advantages, together with progressed benefit margins and money stream, from our strategic projects and our utility of 80/20 rules throughout our companies; our talent to be at the leading edge of technological advances and the affects of any adjustments within the adoption charge of applied sciences that we think to pressure gross sales expansion; our talent to boost up expansion organically and thru acquisitions and effectively combine bought companies; our talent to successfully and successfully lead our operations based on gross sales quantity adjustments, together with keeping up sufficient manufacturing capability to satisfy call for in our rising companies age additionally finishing restructuring actions and figuring out advantages thereof; our talent to charity our international liquidity necessities successfully and conform to the monetary covenants in our credit score assurances; operational inefficiencies because of product or program launches, sudden quantity will increase or decreases, product transfers and guaranty claims; the affect on Modine of any vital will increase in commodity costs, in particular aluminum, copper, metal and stainless-steel (nickel) and alternative bought elements and similar prices, and our talent to regulate product pricing based on the sort of will increase; our talent to charter and conserve ability in managerial, management, operational and administrative purposes and to mitigate larger hard work prices; our talent to offer protection to our proprietary data and highbrow detail from robbery or assault; the affect of any considerable disruption or subject material breach of our data era (“IT”) techniques; the affect of a subject material disease known in our interior controls similar to IT gadget get right of entry to in Europe on our monetary reporting procedure; prices and alternative results of environmental investigation, remediation or litigation and the expanding emphasis on environmental, social and company governance issues; our talent to appreciate the advantages of deferred tax property; and alternative dangers and uncertainties known in our people filings with the U.S. Securities and Change Fee. Ahead-looking statements are as of the age of this press reduce, and we don’t suppose any legal responsibility to replace any forward-looking statements.
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