October 10, 2008

Modine strikes $12 million deal on fuel cells

With all of the doom and gloom in the business world, here's some good news for Racine. Modine announced today it reached a $12 million deal to license its fuel cell technology to Bloom Energy.

The one-time payment lasts through 2009, according to the company's press release. Modine's stock was up slightly today and closed at 10.01.

1 comment:

  1. So will they still lay off those people?