Modine's Battery Thermal Management System To Be Used In New Flyer's Electric Bus

Modine Manufacturing Co's MOD EVantage Battery Thermal Management System (BTMS) has been selected by New Flyer of America Inc for use in the battery-electric, zero-emission transit bus.
The BTMS will be deployed in New Flyer's zero-emission Xcelsior CHARGE NG heavy-duty transit bus model.
The Xcelsior CHARGE NG bus incorporates high-energy batteries that extend range up to 13%, advanced protective battery packaging and a new lightweight electric traction drive system with up to 90% energy recovery.
With multi-stage cooling and heating, the BTMS system optimizes the temperature range for an entire bank of batteries with a single unit while minimizing power draw.
New Flyer is a subsidiary of NFI Group Inc NFYEF, an independent bus and coach manufacturer and a leader in electric mass mobility solutions.
Price Action: MOD shares closed higher by 1.52% at $19.98 on Monday.