Infinite Product Identity for Hyperbolic Sine

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Prove $\prod_{n\in\mathbb{N}\backslash\left\{ 0\right\} }\left(1+\left(\frac{\alpha}{\pi n}\right)^{2}\right)=\frac{\sinh\left(\alpha\right)}{\alpha}$.

I saw this formula in a book and have no idea how to approach it.

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This is not a trivial exercise. One thing to point out is that the lefthandside and the righthandside have the same zeros, but from this to a full solution there is quite a road. This equation was originally proved by Euler. He gave several proofs, one of which is examined in this article. Other proofs rely on techniques developed by Weierstrass a century and a half later; see http://en.wikipedia.org/wiki/Infinite_product#Product_representations_of_functions