NORTHVILLE, Mich., July 21, 2015 /PRNewswire/ -- Gentherm (NASDAQ-GS:THRM), the global market leader and developer of innovative thermal management technologies, announced today that it has received a "Bosch Global Supplier Award 2015" from Robert Bosch GmbH. Gentherm won the award in the raw materials and components category.
Bosch recognized Gentherm for "outstanding performance in the manufacture and supply of products or services – notably in the areas of quality, costs, logistics and innovations," according to a Bosch company statement. The main products Gentherm supplies Bosch are oxygen sensor harnesses that are used in the automotive industry.
The theme of this year's awards ceremony was "Power of partnership—connected intelligence."
"The Bosch Global Supplier Award honors our top suppliers, who play such a key role in Bosch's success," said Dr. Volkmar Denner, chairman of the Bosch board of management, at the award ceremony in Stuttgart. "Our suppliers are important partners in helping us shape the connected world. We want to work with them to develop beneficial solutions for our customers."
Gentherm President and CEO Daniel R. Coker said, "We are very pleased to receive this award from Bosch, a company we consider a very important partner and business associate. The award is really a testament to our dedicated Gentherm employees around the world whose talent, hard work and loyalty are key drivers of our success. We look forward to working closely with Bosch and doing our best to continue to earn their business and respect."
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 actively heated and cooled seat systems and cup holders, heated and ventilated seat systems, thermal storage bins, heated automotive interior systems (including heated seats, steering wheels, armrests and other components), cable systems and other electronic devices. Non-automotive products include remote power generation systems, heated and cooled furniture and other consumer and industrial temperature control applications. The Company's advanced technology team is developing more efficient materials for thermoelectrics and new systems for waste heat recovery and electrical power generation. Gentherm has nearly ten thousand employees in facilities in the U.S., Germany, Canada, China, Hungary, Japan, Korea, Macedonia, Malta, Mexico, Ukraine and Vietnam. For more information, go to www.gentherm.com.
Except for historical information contained herein, statements in this release are forward-looking statements that are made pursuant to the safe harbor provisions of the Private Securities Litigation Reform Act of 1995. These statements include statements regarding future sales, products, opportunities, markets, expenses and profits. Forward-looking statements involve known and unknown risks and uncertainties which may cause the Company's actual results in future periods to differ materially from forecasted results. Those risks include, but are not limited to, risks that sales may not increase, additional financing requirements may not be available, new competitors may arise and adverse conditions in the industry in which the Company operates may negatively affect its results. Those and other risks are described in the Company's annual report on Form 10-K for the year ended December 31, 2014 and subsequent reports filed with the Securities and Exchange Commission (SEC), copies of which are available from the SEC or may be obtained from the Company. Except as required by law, the Company assumes no obligation to update the forward-looking statements, which are made as of the date hereof, even if new information becomes available in the future.