Gentherm Incorporated (NASDAQ-GS: THRM), headquartered in Northville, MI and formerly call Amerigon, is a global developer and marketer of thermal management technologies for heating and cooling and temperature control applications; and the world’s leading manufacturer of climate control seat systems for the automotive industry . Gentherm’s thermoelectric technologies are based on the Peltier effect, the 1834 discovery that passing an electrical current through a sandwich of two dissimilar metals will make them hot on one side and cold (the lack of heat) on the other.
Gentherm technologies are used in automotive products and designed to provide comfort and improve engine efficiency. Securities analysts suggest the Company’s growth will come from the global automotive market and a variety of other markets for its thermoelectric technologies . Current products include actively heated and cooled seat systems and cup holders, heated and ventilated seat systems, thermal storage bins, heated seats and steering wheel systems, cable systems and other electronic devices.
Since 2005, Gentherm has been leading a project backed by the U.S. Department of Energy focused on the development of a thermoelectric generator (TEG) as a waste heat recovery and electrical power generation system for the automotive market that has the potential to improve vehicle fuel economy.
Outside automotive, Gentherm entered the market for luxury bedding systems in 2010 with the introduction of its thermoelectric-based thermal management technology in an individually-controlled, heated and cooled mattress offered by Mattress Firm, a U.S. specialty mattress retailer. Gentherm’s Climate Control Sleep System™ (CCSS™) product is also available in a line of mattress products offered in the United Arab Emirates and China. In addition, Gentherm introduced heated and cooled, and heated and ventilated chairs for the office market.
In 2011, Gentherm bought a majority interest in Germany-based W.E.T. Automotive Systems AG, a global developer and manufacturer of heating system equipment and accessories used in automotive seats and other automotive electronics applications.
Gentherm has more than 7,000 employees in facilities in the U.S., Germany, Canada, Mexico, China, Japan, England, Korea, Malta, Hungary and the Ukraine. Its customers include: Ford, General Motors, Toyota/Lexus, Nissan/Infiniti, Mercedes-Benz, BMW, Kia/Hyundai, Land Rover, Jaguar, Porsche, Honda, VW Group and Tata Motors, as well as automotive original equipment manufacturer (OEM) suppliers including Johnson Controls, Lear, Faurecia and Magna.
History 1968 Founding of Wärme-und Hygienetechnik B. Ruthenberg GmbH in Munich (W.E.T.) 1973 Start of production of automotive seat heaters 1980 Start of production of isolated flat cables 1991 Gentherm (formerly Amerigon) is founded in Southern California 1993 First IPO issued (formerly Amerigon) 1995 New manufacturing subsidiary in Mexico 1999 Climate Control Seat™ (CCS™) brand introduced on the Lincoln Navigator and Toyota Lexus 2003 New manufacturing plant in China Ships one-millionth thermoelectric device 2004 New manufacturing plant in Ukraine 2008 Acquisition of Comair Rotron Shanghai Launched a heated and ventilated only variant of CCS 2009 Ships ten millionth thermoelectric device 2010 Launched first heated and cooled mattress and cup holder 2011 Acquired majority ownership of W.E.T. Automotive Systems 2012 Announced Gentherm as new company name Launched heated and cooled office chair 2013 Launched thermal storage bin Launched a heated and ventilated only variant of office chair
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