Gentherm Receives First Production Vehicle Award for its ClimateSense™ Technology
July 28 2021 - 4:30PM
Gentherm (NASDAQ: THRM), a global market leader and developer
of innovative thermal management technologies, today announced that
the Company has received its first production vehicle award for its
ClimateSenseTM technology on an all-new 2024 model year electric
vehicle with a global automaker.
ClimateSense is Gentherm’s proprietary microclimate solution
comprised of advanced thermal products, integrated electronics,
embedded software and a revolutionary thermo-physiology based,
human-centric approach.
“Our ClimateSense microclimate technology will help OEM
customers achieve their electrification goals by increasing vehicle
range and energy savings, while delivering a best-in-class
personalized thermal experience,” said Phil Eyler, President and
CEO of Gentherm. “We are excited about this first production award
for ClimateSense and the potential our technology has to address
the growing needs of the electric vehicle market.”
Designed, developed, and manufactured by the Company,
ClimateSense technology seamlessly integrates into the existing
vehicle architecture utilizing localized convective and conductive
heating and cooling solutions, to create personalized comfort while
significantly reducing HVAC energy consumption. Published studies
show the technology can deliver between 50 to 69 percent energy
savings in cold-weather testing and 34 percent energy savings in
hot weather testing, when compared to only using the existing
central HVAC system.
Investor ContactYijing
Brentanoinvestors@gentherm.com248.308.1702
Media ContactMelissa
Fischermedia@gentherm.com248.289.9702
About GenthermGentherm (NASDAQ: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, heated automotive
interior systems (including heated seats, steering wheels, armrests
and other components), battery performance solutions, cable systems
and other electronic devices. Medical products include patient
temperature management systems. 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
more than 11,000 employees in facilities in the United
States, Germany, Canada, China, Hungary, Japan, Korea, North
Macedonia, Malta, Mexico, United Kingdom, Ukraine,
and Vietnam. For more information, go
to www.gentherm.com.
Forward-Looking Statements 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 release are made as of
the date hereof or as of the date specified herein and are based on
management's reasonable expectations and beliefs. Such statements
are subject to a number of important assumptions, risks,
uncertainties and other factors that may cause actual results or
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: market acceptance of the
Company’s existing or new products, and new or improved competing
products developed by competitors with greater resources; shifting
customer preferences, including due to the evolving use of
automobiles and technology; the feasibility of Company’s
development of new products on a timely, cost effective basis, or
at all; The foregoing risks should be read in conjunction with the
Company's filings with the Securities and Exchange Commission (the
“SEC”), including “Risk Factors”, in its most recent Annual Report
on Form 10-K and subsequent SEC filings, for a discussion of these
and other risks and uncertainties. In addition, the business
outlook discussed in this release does not include the potential
impact of any business combinations, acquisitions, divestitures,
strategic investments and other significant transactions that may
be completed after the date hereof, each of which may present
material risks to the Company’s future business and financial
results. 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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