Gentherm Inc (NASDAQ: THRM)

Gentherm Incorporated is a global market leader of innovative thermal management and pneumatic comfort technologies. The company designs, develops, manufactures and sells products for the automotive and medical industries.

Revenue is generated primarily from the sale of automotive climate and comfort solutions valve systems and other automotive products as well as patient temperature management systems. The company sells its products to original equipment manufacturers tier one suppliers and healthcare providers.

The company operates through the following segments: Automotive and Medical.

• The Automotive segment focuses on the design development manufacturing and sale of climate control seats climate control interiors lumbar and massage comfort solutions valve systems climate and comfort electronics battery thermal management battery cell connection systems and cable systems.

• The Medical segment provides patient temperature management systems that address hyperthermia and hypothermia therapy in intensive care normothermia in surgical procedures and warming and cooling therapies in acute chronic care departments and facilities outside hospitals.

Gentherm Incorporated holds a market leading global position in automotive climate and comfort solutions and competes with other automotive suppliers OEMs and tier one suppliers who produce similar products. In the patient temperature management market the company faces competition from medical device manufacturers. Its technical expertise flexibility in integrating with specific OEM designs global footprint and broad product offering provide competitive advantages.

The company serves light vehicle original equipment manufacturers tier one suppliers and healthcare institutions including hospitals and patients. Major customers include Lear Corporation Adient plc Volkswagen General Motors BMW Ford Motor Company Hyundai Stellantis Honda and Jaguar/Land Rover.