Dana Corporation Moves Forward with Commercialization of Fuel-Cell Component Technology
September 14 2005 - 10:01AM
PR Newswire (US)
FRANKFURT, Germany, Sept. 14 /PRNewswire-FirstCall/ -- Dana
Corporation (NYSE:DCN) announced today that it is helping to
advance the commercialization of fuel cells by supplying products
to fuel-cell manufacturer Plug Power Inc. (Logo:
http://www.newscom.com/cgi-bin/prnh/19990903/DANA ) Dana currently
supplies bi-polar plates for Plug Power's commercially released
fuel cells and is collaborating on the development of thermal
management products for Plug Power's next generation prime power
fuel cells. These products combine durability with lightweight
designs and have resulted in improved reliability, performance, and
ability to manufacture. These attributes in turn have reduced the
cost per kilowatt, which is necessary for market acceptance. Dana
has had a development relationship with Plug Power since 1999 and
has been a Top 5 supplier since 2002. Dana's full array of
fuel-cell components is on display at the 61st International Motor
Show (IAA), which runs through Sept. 25 in Frankfurt, Germany.
"Dana's relationship with Plug Power is mutually beneficial,
because both companies share a commitment to making fuel cells
affordable and available commercially," said Michael J. Burns, Dana
chairman and CEO. "With rising energy costs and the rapid
advancement of technology, the viability of this alternative fuel
source is appealing." Dana has the capability to mass produce
bi-polar plate assemblies, in either stainless steel or molded
carbon materials, with integrated seals and connectors. The company
has developed a proprietary, cost-effective manufacturing process
for its bipolar plates. Dana believes this process is the first of
its kind for mass-producing fuel-cell components. Dana is
supporting fuel-cell development programs for dozens of customers
in the residential, commercial, portable power, and transportation
industries. Through its global network of fuel-cell technology
centers, Dana is actively working with most major OEMs to develop
high-quality, cost-effective fuel-cell components. Dana is a world
leader in the development and manufacture of fuel-cell stack,
balance-of-plant, and fuel-processor components for portable, small
stationary, and automotive applications. About Dana Corporation
Dana people design and manufacture products for every major vehicle
producer in the world. Dana is focused on being an essential
partner to automotive, commercial, and off-highway vehicle
customers, which collectively produce more than 60 million vehicles
every year. A leading supplier of engine, drivetrain, chassis, and
structural technologies, Dana employs 46,000 people in 28
countries. The company is based in Toledo, Ohio, and reported sales
of $9.1 billion in 2004. Dana's Internet address is
http://www.dana.com/ . Note to Editors: Dana will host a press
conference at 3 p.m. Wednesday, Sept. 14, in Hall 6.1, Stand B30,
at the 61st International Motor Show (IAA) in Frankfurt, Germany. A
reception for members of the media will take place immediately
afterward. http://www.newscom.com/cgi-bin/prnh/19990903/DANA
DATASOURCE: Dana Corporation CONTACT: Jeff Cole of Dana
Corporation, +1-419-887-3535, or Web site: http://www.dana.com/
Company News On-Call: http://www.prnewswire.com/comp/226839.html
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