Gentherm Inc (NASDAQ:THRM)

Gentherm, Inc. designs, develops and markets products based on its advanced, proprietary, efficient thermoelectric device technologies for a wide range of global markets and heating and cooling applications. The company's current principal product is its proprietary Climate Control Seat system which uses one or more efficient thermoelectric devices to provide year-round comfort to automotive seat occupants by producing both active heating and cooling. In addition, It is focused on developing thermoelectric systems and products for a wide variety of heating and cooling and power generation applications for the industrial, consumer, medical, electronics and automotive markets. The company operates its business through the following segments: Climate Control Seats, Advanced Technology, and W.E.T. Automotive Systems AG. The Climate Control Seats segment includes the heated and cooled cup holder and heated and cooled mattress divisions. The Advanced Technology segment engaged in research and development efforts to improve the efficiency of thermoelectric devices and to develop, market and distribute products. The W.E.T. Automotive Systems AG, a subsidiary of the company, which develops and manufactures heating system equipment and accessories used in automotive seats and other automotive electronics applications. The company was founded by Lon E. Bell in 1991 and is headquartered in Northville, MI.