SI
SI
discoversearch

We've detected that you're using an ad content blocking browser plug-in or feature. Ads provide a critical source of revenue to the continued operation of Silicon Investor.  We ask that you disable ad blocking while on Silicon Investor in the best interests of our community.  If you are not using an ad blocker but are still receiving this message, make sure your browser's tracking protection is set to the 'standard' level.
Technology Stocks : General Magic -- Ignore unavailable to you. Want to Upgrade?


To: Challo Jeregy who wrote (7790)1/21/2000 1:24:00 AM
From: Challo Jeregy  Read Replies (1) | Respond to of 10081
 
Intersting post from Raging Bull -

Gentex Rearview Mirror to Serve as Driver Interface for OnStar(R) System

  ZEELAND, Mich., Jan. 20 /PRNewswire/ -- Gentex Corporation (Nasdaq:
GNTX), the Zeeland, Michigan-based manufacturer of automatic-dimming
rearview mirrors and commercial fire protection products, today announced
that it has developed and begun shipping automatic-dimming mirrors that will
serve as the driver interface for OnStar(R).

(Photo: newscom.com )

OnStar is the in-vehicle safety, security and information service that uses
Global Positioning System (GPS) satellite technology and wireless
communication to link the driver and vehicle to a 24-hour operator network
that provides real-time, person-to-person assistance. Advisors at the
professionally staffed OnStar Center can relay directions, track a stolen
vehicle, unlock your car doors, summons emergency services, diagnose
vehicle/engine problems and provide a host of other services.

"We couldn't be more pleased that OnStar has decided to locate one of the
system's interfaces in the rearview mirror," said Ken La Grand, Gentex's
executive vice president. "OnStar's decision confirms what we've maintained
for years -- that the rearview mirror is one of the best locations for the driver
interfaces related to on-board messaging and communication systems. From
an ergonomics standpoint, it's ideal because the mirror's location allows the
driver to view and interact with the system while keeping his or her natural
line-of-sight on the road ahead."

Locating OnStar in the rearview mirror also makes sense from an
economics standpoint. It allows automakers to add OnStar to their
vehicle lineups quickly, affordably and in a consistent location. It also
saves valuable space in the instrument panel and prevents costly
interior redesigns.

Gentex is the world's leading supplier of automatic-dimming mirrors, which
use a combination of sophisticated sensors and electronic circuitry to detect
glare from rearward approaching vehicles and automatically dim to protect
driver vision.

Over the years, Gentex has developed automatic-dimming rearview mirrors
that also contain compass displays, outside-temperature indicators, remote
keyless entry receivers, map lamps and other value-added electronic
devices. The Company's expertise in developing these high-tech mirror
devices allowed Gentex to become the lead development partner on the
OnStar automatic-dimming rearview mirror.

Gentex is developing a number of different OnStar mirrors to accommodate
various vehicle applications. In addition to automatically dimming, some
versions of the OnStar mirror will contain a compass display and advanced
map lamps utilizing light-emitting diodes. Gentex currently is shipping OnStar
auto-dimming rearview mirrors for seven General Motors models.

The OnStar system interface itself will consist of a series of three small
buttons located on the rearview mirror's chin. A fourth button will operate the
mirror's additional functions.

"This new product has the potential to become significant incremental
business for Gentex," said La Grand.

OnStar recently announced that its services would be included in nearly one
million GM cars and trucks within the next 18 months.

Gentex Corporation (The Nasdaq Stock Market: GNTX) is an international
company that provides high-quality products to the worldwide automotive
industry and North American fire protection market. The Company develops,
manufactures and markets proprietary electro-optic products, including
interior and exterior electrochromic, automatic-dimming Night Vision
Safety(TM) (NVS(R)) automotive rearview mirrors that dim in proportion to
the amount of headlight glare from trailing vehicle headlamps, and an
extensive line of fire protection products for commercial applications.
Revenues from the sale of automatic-dimming mirrors represent about 91
percent of total Company revenues.

Gentex was the first company in the world to successfully develop and
produce a commercial electrochromic mirror for the motor vehicle industry.
The Company is the leading supplier of these mirrors to the worldwide
automotive industry. Gentex customers include Audi, Bentley, BMW,
Daewoo, DaimlerChrysler, Fiat, Ford, General Motors, Gulf States Toyota,
Hyundai, Infiniti, Kia Motors, Land Rover, Lexus, Nissan, Opel, Porsche,
Rolls Royce, Samsung, Southeast Toyota Distributors and Toyota.

Founded in 1974, Gentex operates out of three facilities in Zeeland,
Michigan; an automotive sales office in Livonia, Michigan; automotive sales
and engineering subsidiaries in Germany and Japan; and four regional U.S.
sales offices for the Fire Protection Products Group. The Company is
recognized for its quality products, its application of world class
manufacturing principles, for its commitment to developing and maintaining a
highly skilled workforce, and for encouraging employee ownership of the
Company's stock.


SOURCE Gentex Corporation

CO: Gentex Corporation

ST: Michigan