Gentherm Incorporated (Formerly Amerigon)

Company Profile

■URL

http://www.gentherm.com/

■Address

21680 Haggerty Road, Suite 101, Northville, MI 48167, USA

Business Overview

-The Company is a thermal technology specialist that designs, develops and manufactures heating, cooling and ventilating devices for a variety of industries, including the automotive industry. The Company supplies heated seating, climate seating, electronics and cables for the automotive market.

-The Company operates primarily as a Tier 2 supplier for automotive and commercial vehicle OEMs. The Company's direct customers are suppliers who incorporate the Company's products into their own designs.

-The Company currently consists of two operating segments, as shown below:

Operating Segment Primary Function
Automotive Manufactures seat comfort systems, automotive cable systems, integrated electronic components such as blowers and ECUs, and thermal convenience products including heated steering wheels.
Industrial A combination of the Company’s advanced research and product development division and Gentherm Global Power Technologies, a subsidiary which develops thermoelectric generators.

Shareholders

-Listed on the NASDAQ Stock Market.

Products

Automotive
Seat Comfort
-Heated seating systems
-Climate controlled seating systems (ventilation, cooling, and heating)

Interior Comfort
-Heated interiors
-Heated steering wheels
-Heated and cooled cup holders
-Heated doors
-Heated armrests
-Thermal storage bins

Electronics
-PTC heater
-Temperature controller
-Electronic control units

Cable Technology
-Cables
-Flat cables
-Connectors
-Wiring harnesses

Battery thermal management systems

Air moving devices
-AC/DC/EC motors
-Fans and blowers
-Fan trays

History

1991 The Company was founded as Amerigon in California.
1993 Issued first IPO.
1999 Introduced first climate controlled seat.
2003 Opened a manufacturing plant in China.
2004 Opened a manufacturing plant in Ukraine.
2005 Moved headquarters from California to Michigan.
2008 Acquired Comair Rotron Shanghai, a manufacturer of air-moving solutions such as fans and blowers.
2011 Acquired majority ownership of W.E.T. Automotive Systems, a manufacturer of thermal comfort solutions.
2012 Changed name to Gentherm.
2013 Registered squeeze-out transaction of W.E.T. which led to full ownership and control of W.E.T.
2015 Established new production facility in central Mexico.

Supplemental Information 1