xtremepicks.com: Gentex Corporation (NASDAQ: GNTX) picks of the day!
Jun 12, 2009 (M2 PRESSWIRE via COMTEX) --
Company: Gentex Corp. (GNTX)
The team at Xtremepicks.com scans the US and Canadian markets looking for microcap companies which show promise and have unique niches and opportunities. We look at all sectors to provide investors with the best investment opportunities in search of the next multi-bagger. Join Now!
Today's news alerts include: Gentex Honored by General Motors as "Corporation of the Year"
And Honored as a "Supplier of the Year" for 12th Consecutive Year
ZEELAND, MI, Jun 11, 2009 -- Gentex Corporation (NASDAQ: GNTX), the leading supplier of automatic-dimming rearview mirrors to the worldwide automotive industry, was awarded the General Motors (GM) "Corporation of the Year" designation at the automaker's recent awards presentation held in Warren, Michigan. This is the highest honor that GM bestows on its suppliers. Gentex was also recognized for the 12th consecutive year and the 13th time overall, as a GM Supplier of the Year.
Gentex supplies GM with interior and exterior auto-dimming mirrors, which automatically darken to reduce glare from the headlamps of vehicles approaching from the rear. The brighter the glare, the darker the mirrors become, making nighttime driving safer. Many of the mirrors also house additional electronic features, such as compass and temperature displays, microphones, and LED turn signals. Gentex's SmartBeam(R) headlamp control system and Rear Camera Display (RCD) Mirror are also available on a number of GM models.
In accepting the award, Gentex Chairman and CEO Fred Bauer said, "We are very pleased to be recognized by GM with the prestigious 'Corporation of the Year' award. We have worked with General Motors for over 25 years, and having our efforts recognized, out of the thousands of global GM suppliers, is very gratifying."
"Gentex has supported our needs on a global and regional basis and have exceeded their commitments to us in the right way," said Bo Andersson, GM group vice president, Global Purchasing and Supply Chain. "Their performance is excellent, but foremost, they are a true technology leader in their field."
The GM Supplier of the Year award program started in 1992. Winners are selected by a global team of executives from purchasing, engineering, manufacturing and logistics who base their decisions on supplier performance in quality, service, technology and price. This year, General Motors honored 99 suppliers for their outstanding performance throughout 2008.
Founded in 1974, Gentex Corporation (NASDAQ: GNTX) is an international company that provides high-quality products to the worldwide automotive industry and North American fire protection market. Based in Zeeland, Michigan, the Company develops, manufactures and markets interior and exterior automatic-dimming automotive rearview mirrors that utilize proprietary electrochromic technology to dim in proportion to the amount of headlight glare from trailing vehicle headlamps. Many of the mirrors are sold with advanced electronic features, and more than 96 percent of the Company's revenues are derived from the sale of auto-dimming mirrors to nearly every major automaker in the world.
FINANCIAL MEDIA AND INVESTOR CONTACT: Connie Hamblin 616/772-1800
GENERAL MEDIA CONTACT: Craig Piersma 616/772-1800
WEBSITE: www.gentex.com
About Xtremepicks.com
Xtremepicks.com team of excellence strives to find undervalued, good momentum stock plays. We provide financial and investor relations services for small to mid-cap stocks with weekly and special newsletters to keep you informed of the latest movers. Unlike other sites, we explore, research, and understand all aspects of a company. We only recommend companies we feel has the potential for future higher valuations. Our seasoned research team is always looking for the next Xtreme Pick to send to you.
Xtremepicks.com is a leading stock website that provides free daily alerts on stocks that are moving up. xtremepicks.com also tracks small cap stocks that are on the brink of exploding. We also feature companies on our website with research report, analysis, and newsletters. To feature a company on our web site please contact us at Info@xtremepicks.com
Xtremepicks.com is an independent electronic publication that provides information on selected publicly traded companies. xtremepicks.com is not a registered investment advisor or broker-dealer. Xtremepicks.com affiliates, officers, directors and employees may buy and sell additional shares in any company mentioned herein and may profit in the event those shares rise in value. Please do your own Due Diligence before investing in any of the stocks mentioned above.
CONTACT: Xtremepicks.com e-mail: Info@xtremepicks.com WWW: http://www.Xtremepicks.com
((M2 Communications disclaims all liability for information provided within M2 PressWIRE. Data supplied by named party/parties. Further information on M2 PressWIRE can be obtained at http://www.presswire.net on the world wide web. Inquiries to info@m2.com.
Copyright (C) 2009 M2. All rights reserved
News Provided by COMTEX
Company: Gentex Corp. (GNTX)
Related terms: advisor, automotive, broker, canada, ceo, dealer, e-mail, engineering, fire, investment, manufacturer, manufacturing, market, media, michigan, nasdaq, president, profit, research, small cap, technology, web
