NORTHVILLE, Mich., Aug. 8, 2017 /PRNewswire/ -- Gentherm
(NASDAQ-GS:THRM), the global market leader and developer of
innovative thermal management technologies, announced today that it
has been selected for a next generation Mercedes-Benz car line in
the upper or luxury segment. This award represents Gentherm's first
advanced seat comfort system program with a major premium luxury
German brand. First shipments are scheduled to begin in early
2020.
President and Chief Executive Officer, Daniel R. Coker said, "Daimler AG has long been
a valued partner in seat comfort technology and other
products. We currently provide many seat heaters for
Mercedes-Benz cars, however, this is the first time we have
successfully worked together on a climate seat. We appreciate
the opportunity to contribute our expertise in thermal
technologies."
"Our contribution to the program includes our advanced,
automotive grade, highly durable air moving devices and resistive
wire technologies to both front and rear seat positions," Coker
said. "I want to congratulate our engineering and sales teams
for their hard work and dedication on this success as we continue
to find new avenues for our innovative solutions."
Investor Relations Contact
investors@gentherm.com
248-308-1702
About Gentherm
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 variable temperature Climate Control
Seats, TrueTherm® cupholder and storage bins, heated automotive
interior systems (including heated seats, steering wheels, armrests
and other components), battery thermal management systems, cable
systems and other electronic devices. Non-automotive products
include remote power generation systems, heated and cooled
furniture, patient temperature management systems, industrial
environmental test chambers and related product testing services
and other consumer and industrial temperature control applications.
The Company is also developing a number of new technologies and
products that will help enable improvements to existing products
and to create new product applications for existing and new
markets. Gentherm has over twelve thousand employees in facilities
in the United States, Germany, Canada, China, Hungary, Japan, Korea, Macedonia, Malta, Mexico, United
Kingdom, Ukraine, and
Vietnam. 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 forward-looking statements
represent Gentherm Incorporated's goals, beliefs, plans and
expectations about its prospects for the future and other future
events. The forward-looking statements included in this press
release are made as of the date hereof or as of the date specified
and are based on management's current expectations and
beliefs. Such statements are subject to a number of important
assumptions, risks, uncertainties and other factors that may cause
the Company's actual performance to differ materially from that
described in or indicated by the forward looking statements. Those
risks include, but are not limited to, risks that new products may
not be feasible, sales may not increase, additional financing
requirements may not be available, new competitors may arise,
currency exchange rates may change, and adverse conditions in the
industry in which the Company operates may negatively affect its
results. The foregoing risks should be read in conjunction with
other cautionary statements included herein, as well as in the
Company's annual report on Form 10-K for the year ended
December 31, 2016 and subsequent
reports filed with the Securities and Exchange Commission. Except
as required by law, the Company expressly disclaims any obligation
or undertaking to update any forward-looking statements to reflect
any change in its expectations with regard thereto or any change in
events, conditions or circumstances on which any such statement is
based.
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SOURCE Gentherm