Gentherm Incorporated

Last updated
Gentherm Incorporated
FormerlyAmerigon
Company typeIncorporated
Nasdaq:  THRM
S&P 600 component
IndustryAutomotive
Founded
  • 1991;35 years ago (1991) in California (as Amerigon)
  • 2012;14 years ago (2012) (as Gentherm, Inc.)
Headquarters
Novi, Michigan
,
U.S.
Number of locations
30+ (2017)
Area served
Worldwide
Products
  • Climate control seat
  • Medical devices
  • Electronics
Revenue
  • Increase2.svg USD $985.683 million (2017)
  • $917.600 million (2016)
Number of employees
14,000+ [1]
Subsidiaries
  • Etratech
  • Cincinnati Sub-Zero
  • Gentherm Global Power Technologies
Website www.gentherm.com
Footnotes /references
[2] [3]

Gentherm Incorporated, formerly Amerigon, is an American thermal management technologies company. Gentherm created the first thermoelectrically heated and cooled seat system for the automotive industry. Called the "Climate Control Seat" system, it was first adopted by the Ford Motor Company and introduced as an option on the model year 2000 Lincoln Navigator in 1999. Today it is available on more than 50 vehicles sold by Ford, [4] General Motors, [5] Toyota [4] (Lexus), Kia, [6] Hyundai, [4] Nissan [4] (Infiniti), Range Rover and Jaguar Land Rover.

Contents

Currently, the company is a developer and marketer of thermal management technologies for heating and cooling and temperature control devices for a variety of industries. [7]

Gentherm is publicly traded on Nasdaq under the symbol THRM and is headquartered in Novi, MI. [8] Gentherm's thermoelectric technologies are based on the Peltier Effect, the 1834 discovery that passing an electric current through a sandwich of two dissimilar metals will make them hot on one side and cold (the lack of heat) on the other. [9]

History

Since 2005, Gentherm has been partnering with BMW [10] and Ford [10] on a project that is backed by the U.S. Department of Energy [10] [11] [12] focused on the development of an automotive thermoelectric generator (ATEG) that converts waste exhaust heat into electrical power based on the Seebeck Effect. [13] A prototype of the ATEG was named one of the most promising innovations for 2012 by Car and Driver magazine. [14]

Amerigon, the precursor company to Gentherm, had been formed in 1991 by Lon E. Bell in Monrovia, California, focusing on automotive technologies and electric vehicles. In 1999, the company introduced the first thermoelectric Climate Control Seat (CCS) for the MY 2000 Lincoln Navigator, and in 2005, the company relocated from California to Northville, Michigan. In 2008, Amerigon acquired Comair Rotron Shanghai; in 2011, they acquired a majority stake in W.E.T. Automotive Systems, a manufacturer of thermal comfort products. Amerigon Incorporated officially changed its name to Gentherm Incorporated on June 13, 2012. The company's NASDAQ trading symbol changed from "ARGN" to "THRM" simultaneously. The rebranding reflected the company's focus on its thermal management technologies.

In December 2014, the company said it would open a their firszt automotive plant in Prilep, North Macedonia, to empoy 1,000 people. [15]

Gentherm has 30+ locations in the following countries: China, Germany, Hungary, Japan, Mexico, Morocco, North Macedonia, South Korea, Ukraine, United Kingdom, United States, and Vietnam.

Climate Control Seat

As with the MY 2008 Lincoln MKZ, the climate controlled front seats, heated and cooled, are user-controlled by individual dash-mounted switches. Ambient cabin air was drawn into the system and either heated or cooled by a solid-state heat pump, using a thermo-electric device (TED) to convert electric current into the desired hot or cold thermal effect. [16]

References

  1. ↑ "GENTHERM INCORPORATED : Shareholders Board Members Managers and Company Profile | US37253A1034 | MarketScreener".
  2. ↑ "Annual Reports". Gentherm. 2017-12-20. Retrieved 2018-04-19.
  3. ↑ "Gentherm Incorporated (Formerly Amerigon) - MarkLines Automotive Industry Portal". www.marklines.com. Retrieved 2018-04-19.
  4. 1 2 3 4 Oberweis, Jim. “Four Small Stock Innovators Finding Riches in Niches”, Forbes.com , 4 April 2012.
  5. ↑ St. Antoine, Arthur. "Backdraft. Troubled by gas? Try cooling your fanny", Motor Trend , Page 28, September 2006. www.motortrend.com.
  6. ↑ “Heated and ventilated seat system for the 2011 Kia Sportage” Archived 2013-12-30 at the Wayback Machine , "Auto-Power-Girl Blog", 13 May 2010.
  7. ↑ GS Analytics. “Will Gentherm Be Able To Leverage Benefit of W.E.T. Integration and Investments in New Electronic Business”, Seeking Alpha . 8 September 2013. Retrieved on September 26, 2013.
  8. ↑ Kosdrosky, Terry. "Amerigon’s Potential Raises Its Profile", The Wall Street Journal New York, 5 April 2006.
  9. ↑ O’Dell, John. “Want Cool Air? Take a Seat”, Los Angeles Times , Los Angeles, 18 July 2001. Highway 1, G1-2.
  10. 1 2 3 “Gentherm to adapt passenger-car thermoelectric generator to heavy vehicles“, SAE Vehicle Engineering Archived 2013-10-05 at the Wayback Machine , Warrendale, PA, 1 October 2012.
  11. ↑ Laird, Lorelei. “Could TEG improve your car's efficiency?” Archived 2011-07-19 at the Wayback Machine . DOE Energy Blog. August 16, 2010]
  12. ↑ “Researchers Try to Convert Car’s Exhaust Into Power”, Associated Press , 13 August 2008.
  13. ↑ Casey, Tina (1 September 2009). "Car of the Future Will Run on Its Own Waste Energy". cleantechnica.com . Retrieved May 16, 2020.
  14. ↑ “2012 10 Best: 10 Most Promising Future Technologies: Thermal Juice”, Car & Driver , December 2011.
  15. ↑ "Gentherm To Expand Production Capacity In Europe with New Manufacturing Facility In Macedonia" (Press release). Gentherm Inc. December 16, 2014.
  16. ↑ "2006 Lincoln Zephyr to Feature as an Option Amerigon's Climate Control Seat(TM) (CCS(TM))". gentherm.com, press release. April 12, 2005.
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