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.
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.
Media Contacts:
UK: Nicola Ware E:
nicola.d.ware@airedale.com T: +44 113 2391000
US: pr@modine.com
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SOURCE Modine