RACINE, Wis – LAWFUEL – Legal News Network – Sept. 21, 2006–Modine Manufacturing Company (NYSE:MOD), a diversified global leader in thermal management technology and solutions, announced today it has selected Michael Best & Friedrich LLP, based in Milwaukee, Wisconsin as its new law firm to prosecute patents and provide intellectual property advice and services. Innovation is the cornerstone of Modine’s business, with nearly 2,200 patents worldwide, going back to 1916 when founder Arthur B. Modine applied for his first of 120 patents.
“This is a critical part of our business and we wanted to make sure we were getting the best value out of our patent partner. We requested proposals from many of the top law firms around the country. Of the firms, Michael Best impressed us the most, because they have a demonstrated ability to think strategically, currently have a number of global clients and possess decades of experience in the patent arena. They are the best fit for our culture of applied innovation, our employees and our intellectual property management process,” said Dean Zakos, Modine Vice President, General Counsel and Secretary.
Michael Best & Friedrich is a 158 year old firm with more than 250 attorneys and a specialized legal practice area in patent law. “We are pleased to partner with Modine to assist it in managing its intellectual property,” Chris Austin, partner with Michael Best said. “Michael Best is excited to work with Modine in achieving Modine’s business goals, particularly in light of Modine’s strong reputation for innovation and intellectual property protection.”
Modine’s strategic intangible assets, which include primarily patents, but also encompass processes, systems, and know-how, are managed with a view toward increasing shareholder value and offering creative and unique solutions to our customers. A cross-functional team at Modine reviewed the proposals and used continuous improvement tools to assist in the selection of the new firm. Modine will begin working with Michael Best in the next 30 to 60 days. “We look forward to the start of a new relationship and their new perspective. Geography wasn’t the driver of this decision, but it’s a nice benefit that they are based in our own Wisconsin backyard,” said Zakos.
Founded in 1916, with fiscal 2006 revenues from continuing operations of $1.6 billion, Modine specializes in thermal management systems and components, bringing highly engineered heating and cooling technology and solutions to diversified global markets. Modine products are used in light, medium and heavy-duty vehicles, HVAC (heating, ventilating, air conditioning) equipment, industrial equipment, refrigeration systems, fuel cells, and electronics. Based in Racine, Wisconsin, the company employs approximately 9,000 people at 34 facilities with three technical centers worldwide. For information about Modine, visit www.modine.com.