Heated Automotive Armrests Among New Products on Display
NORTHVILLE, Mich. and ODELZHAUSEN, Germany, Sept. 4, 2013 /PRNewswire/ -- Gentherm Incorporated (NASDAQ-GS: THRM), the global market leader and a developer of innovative thermal management technologies, announced today it will feature its new heated automotive armrests, among a number of its other thermal automotive products and prototypes, at the 65th annual International Auto Show in Frankfurt, GermanySeptember 10-13. Gentherm's products will be displayed in Hall 4.1, Booth D23.
The heated door and center armrests for both the front and rear interior spaces of a vehicle are powered by the same proven technology used by Gentherm in its traditional seat heating products. The armrest heating is turned on and off using the seat heating control switch.
The new armrests will be featured in the interior comfort area of the Gentherm booth. In addition, on display in the Gentherm booth will be its products in seat comfort, thermoelectric technology, electronics and cable technology. These products will include the Company's popular heated and cooled, heated and ventilated and heated seat systems, which are used on 8+ million vehicles per year produced by every major original equipment manufacturer worldwide; its innovative thermoelectric generator (TEG) technology that transforms exhaust heat into electricity; its thermal cup holders and cool bins; and its heated steering wheels and other thermal products.
"We will demonstrate to visitors at the show that today we are a new, more diverse company, with a much broader and more advanced product line for the automotive industry," said Daniel R. Coker, President and CEO. "With our recent acquisition of W.E.T. Automotive Systems in Germany, we are also a much larger and more global company better equipped to effectively serve our customers worldwide."
About the Frankfurt IAA
The International Motor Cars Show (IAA—Internationale Automobil-Ausstellung) is the world's most comprehensive show of the automotive industry, created for everyone who develops, manufactures or uses passenger cars. A special feature is the large presence of suppliers throughout the entire automotive value added chain. More than 300 exhibitors from the supply industry will be presenting their products.
Gentherm (NASDAQ-GS:THRM) is a global developer and marketer of innovative thermal management technologies for a broad range of heating and cooling and temperature control applications. Automotive products include actively heated and cooled seat systems and cup holders, heated and ventilated seat systems, thermal storage bins, heated seat and steering wheel systems, cable systems and other electronic devices. The Company's advanced technology team is developing more efficient materials for thermoelectric and systems for waste heat recovery and electrical power generation for the automotive market that may have far-reaching applications for consumer products as well as industrial and technology markets. Gentherm has more than 7,000 employees in facilities in the U.S., Germany, Mexico, China, Canada, Japan, England, Korea, Malta, Hungary and the Ukraine. For more information, go to www.gentherm.com.
Except for historical information contained herein, statements in this release are forward-looking statements that are made pursuant to the safe harbor provisions of the Private Securities Litigation Reform Act of 1995. These statements include statements regarding future activities, new products, customers, markets and technologies, future revenue growth and profitability, and other forward-looking opportunities. Forward-looking statements involve known and unknown risks and uncertainties which may cause the Company's actual results in future periods to differ materially from forecasted results. Those risks include, but are not limited to, risks associated with risks associated with departing key employees, failure to develop new sales, products, customers or technologies increased costs of raw materials and components, new competitors and general adverse conditions in the industries in which the Company operates. Those and other risks are described in the Company's annual report on Form 10-K for the year ended December 31, 2012 and subsequent reports filed with the Securities and Exchange Commission (SEC), copies of which are available from the SEC or may be obtained from the Company. Except as required by law, the Company assumes no obligation to update the forward-looking statements, which are made as of the date hereof, even if new information becomes available in the future.
Allen & Caron Inc
Jill Bertotti (investors)
Len Hall (media)
SOURCE Gentherm Incorporated
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