Subsidiaries

1. T.RAD North America

     210 Bill Bryan BLVD, Hopkinsville, KY 42240

2. T.RAD Head Office

     AIOI Insurance Shinjyuku BLDG 3-25-3 Yoyogi, Shibuya-Ku, Tokyo, Japan

3. T.RAD Hatano Works

     937 Soya, Hadano City, Kanagawa Prefecture, Japan

4. T.RAD Nagoya Works

     1-7 Orido Fujie, Higashiura-cho, Chita-gun, Aichi Prefecture, Japan

5. T.RAD Shiga Works

     297 Goti-cho, Higashi Ohmi City, Siga Prefecture, Japan

6. T.RAD Product Development Center

     4-14 Shioya-cho, Minami-ku, Nagoya City, Aichi Prefecture, Japan

7. T.RAD Environment & Energy Research Center

     937 Soya, Hadano City, Kanagawa Prefecture, Japan

8. T.RAD Product Engineering Development Center

     4-14 Shioya-cho, Minami-ku, Nagoya City, Aichi Prefecture, Japan

9. T.RAD Italia

     Turin, Italy

10. T.RAD TRCZ

     Czech Republic

11. T.RAD TRZ

     Zhongshang, China

12. T.RAD TRT

     Thailand

Joint Ventures

13. T.RAD / Rising Sun Heat Exchanger

     20, Lane 149 Cheng An Road, Tainan City, Taiwan, R.O.C.

14. T.RAD / Qingdao

     60 Ninghua RD Qingdao PR China 266033

15. T.RAD / TORC

     Thailand

16. T.RAD / TATA

     TACO House, Damle Path, Off Law College Road, Pune - 411 004, India

17. TOYO-BEHR Japanese Compornents GmbH

     Stuttgart,Germany