Gentherm Inc was incorporated in 1991 under the laws of the State of Michigan. The Company is engaged in the design, development, and manufacturing of thermal management technologies. It operates as a Tier II supplier to the auto industry. Its products can be found on the vehicles of nearly all automotive manufacturers, spanning all automotive markets. It operates in locations aligned with its customers' product strategies in order to provide locally enhanced design, integration and production capabilities and to identify future climatic comfort product opportunities in both automotive and other markets. The Company has two reportable segments for financial reporting purposes: Automotive and Industrial. The Automotive reporting segment is comprised of the aggregated results from Gentherm's three geographic operating segments: North America, Europe and Asia. The Industrial reporting segment represents the combined results from its remote power generation systems business for industrial applications and research and product development division, which is currently researching and developing new products for a variety of different markets. The specialized automotive cable systems category includes ready-made wire harnesses and related wiring products. W.E.T.'s customers include light vehicle OEMs, commercial vehicle OEMs, and Tier 1 suppliers to the automotive OEMs, including automotive seat manufacturers. Customers of W.E.T.'s other products extend beyond the automotive industry to include companies in the telecommunication, information technology and medical equipment industries. The Company is a second-tier supplier of automobile and truck manufacturers for its seat comfort, interior comfort and electronics products. It also directly supplies CCS components to aftermarket seat distributors and installers and its heated and cooled mattress system to mattress manufacturers. Its marketing efforts are focused on manufacturers and their first-tier suppliers. It has several competitors in the heated seat business and certain vehicle manufacturers. It also faces competition directly from automobile manufacturers or other suppliers, of which have the capability to manufacture competing products. It holds approximately 513 issued patents, of which 216 were U.S. patents and 297 were non-U.S. patents.
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