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Gentherm - Northville, MI

Original Press Release

Gentherm Announces Climate Controlled Seat (CCS) Contract Award

Press release date: Aug 08, 2017

First CCS Contract Awarded by Mercedes-Benz Cars

NORTHVILLE, Mich., Aug. 8, 2017 - 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."

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.

Gentherm

Web Site: http://www.gentherm.com