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Airedale by Modine™ Launches 1MW Cooling Distribution Unit

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Critical Cooling Specialists introduces global CDU to serve increasing demand for liquid cooling in data centers.

RACINE, Wis., Sept. 17, 2024 /PRNewswire/ -- Airedale by Modine™, a brand of diversified industrial Modine (NYSE: MOD), today announced the launch of a coolant distribution unit (CDU) to meet increasing demand for high-performance, high-efficiency cooling solutions in the global data center industry. The CDU is a critical technology enabler for liquid and hybrid liquid and air cooling systems that manage next-generation IT applications.

"Modine's investment in developing CDUs advances our strategy to expand our global data center product offering and capture market opportunities that help us achieve our long-term growth targets," said Neil Brinker, President and Chief Executive Officer of Modine. "This technology strengthens Modine's position in the rapidly growing data center liquid cooling market, providing our customers with advanced solutions to support the next generation of high-density, accelerated computing applications, such as generative artificial intelligence and machine learning."

Trusted as the Critical Cooling Specialists to solve the most important cooling challenges, Airedale by Modine is growing its global data center offering across products, software, service and manufacturing footprint. The CDU expands the innovative solutions Airedale by Modine can offer throughout the thermal chain with air, liquid, and hybrid cooling systems.

"The CDU is a core part of our strategy to provide a complete range of products, software, and service capabilities for the data center industry," said Eric McGinnis, President, Modine Climate Solutions. "While the market for traditional air cooling products in data centers is set to continue its growth trajectory, liquid cooling will start to enter the market as an additional growth area. At Modine, we believe that many operators will adopt a hybrid cooling approach, with liquid cooling technology complimenting air-based systems to target pockets of higher-density IT loads. The CDU is a critical component in these kinds of cooling systems and we're excited to bring it to market."

The CDU is suitable for both colocation and hyperscale data center providers seeking to manage higher density IT heat loads. The increasing data processing power of next-generation central processing units and graphics processing units result in higher heat loads that are most efficiently served by liquid cooling solutions. The CDU is the key component of any liquid cooling system, isolating facility water systems from the IT equipment and distributing coolant fluid to where it is needed in the server or rack. Delivering up to 1MW of cooling capacity and operational at supply temperatures of up to 30°C (86°F) in a secondary water loop system and 26°C (79°F) in a primary loop structure, Airedale by Modine's CDU offers the same quality and high energy efficiency associated with the brand's other cooling solutions.

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About Modine
At Modine, we are Engineering a Cleaner, Healthier World™. Building on more than 100 years of excellence in thermal management, we provide trusted systems and solutions that improve air quality and conserve natural resources. More than 11,000 employees are at work in every corner of the globe, delivering the solutions our customers need, where they need them. Our Climate Solutions and Performance Technologies segments support our purpose by improving air quality, reducing energy and water consumption, lowering harmful emissions and enabling cleaner running vehicles and environmentally-friendly refrigerants. Modine is a global company headquartered in Racine, Wisconsin (U.S.), with operations in North America, South America, Europe and Asia. For more information about Modine, visit www.modine.com.

Forward-Looking Statements
This press release contains statements, including information about future financial performance and market conditions, accompanied by phrases such as "believes," "estimates," "expects," "plans," "anticipates," "intends," "projects," and other similar "forward-looking" statements, as defined in the Private Securities Litigation Reform Act of 1995. 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 those described under "Risk Factors" in Item 1A of Part I of the Company's Annual Report on Form 10-K for the year ended March 31, 2024 and under Forward-Looking Statements in Item 7 of Part II of that same report and in the Company's Quarterly Report on Form 10-Q for the quarter ended June 30, 2024. Other risks and uncertainties include, but are not limited to, the following: the impact of potential adverse developments or disruptions in the global economy and financial markets, including impacts related to inflation, energy costs, supply chain challenges or supplier constraints, logistical disruptions, tariffs, sanctions and other trade issues or cross-border trade restrictions; the impact of other economic, social and political conditions, changes and challenges in the markets where we operate and compete, including foreign currency exchange rate fluctuations, increases in interest rates or tightening of the credit markets, recession or recovery therefrom, restrictions associated with importing and exporting and foreign ownership, public health crises, and the general uncertainties, including the impact on demand for our products and the markets we serve from regulatory and/or policy changes that have been or may be implemented in the U.S. or abroad, including those related to tax and trade, climate change, public health threats, and military conflicts, including the current conflicts in Ukraine and in the Middle East and heightened tensions in the Red Sea; the overall health and pricing focus of our customers; our ability to successfully realize anticipated benefits, including improved profit margins and cash flow, from our strategic initiatives and our application of 80/20 principles across our businesses; our ability to be at the forefront of technological advances and the impacts of any changes in the adoption rate of technologies that we expect to drive sales growth; our ability to accelerate growth organically and through acquisitions and successfully integrate acquired businesses; our ability to effectively and efficiently manage our operations in response to sales volume changes, including maintaining adequate production capacity to meet demand in our growing businesses while also completing restructuring activities and realizing benefits thereof; our ability to fund our global liquidity requirements efficiently and comply with the financial covenants in our credit agreements; operational inefficiencies as a result of product or program launches, unexpected volume increases or decreases, product transfers and warranty claims; the impact on Modine of any significant increases in commodity prices, particularly aluminum, copper, steel and stainless steel (nickel) and other purchased components and related costs, and our ability to adjust product pricing in response to any such increases; our ability to recruit and maintain talent in managerial, leadership, operational and administrative functions and to mitigate increased labor costs; our ability to protect our proprietary information and intellectual property from theft or attack; the impact of any substantial disruption or material breach of our information technology ("IT") systems; the impact of a material weakness identified in our internal controls related to IT system access in Europe on our financial reporting process; costs and other effects of environmental investigation, remediation or litigation and the increasing emphasis on environmental, social and corporate governance matters; our ability to realize the benefits of deferred tax assets; and other risks and uncertainties identified in our public filings with the U.S. Securities and Exchange Commission. Forward-looking statements are as of the date of this release, and we do not assume any obligation to update any forward-looking statements.

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Media Contacts:
UK:  Nicola Ware   E: [email protected]   T: +44 113 2391000
US:  [email protected]

SOURCE Modine

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