ZEELAND, Mich., June 24 /PRNewswire-FirstCall/ -- Gentex Corporation
(Nasdaq: GNTX), the Zeeland, Michigan-based manufacturer of automatic-dimming
rearview mirrors and commercial fire protection products, has once again been
named to BusinessWeek's "Hot Growth Companies" list, which ranks the 100
fastest-growing publicly traded companies. It's the fifth time in six years
that Gentex has made this prestigious list.
Gentex supplies automakers with interior and exterior automatic-dimming
mirrors. These mirrors make nighttime driving safer by automatically
detecting and eliminating rearview mirror glare from rearward-approaching
vehicles. The mirrors are also sophisticated electronic modules, and often
contain compass and temperature displays, driver interfaces, interior
lighting, and value-added features such as voice-recognition microphones,
garage door openers, and advanced headlamp control systems.
Earlier this month, Business Week ranked Gentex 87th overall, with three-
year average sales and earnings increases of 17.5 percent and 16.4 percent,
respectively.
According to Business Week, the list selection process begins by ranking
companies according to their three-year results in sales growth, earnings
growth, and return on invested capital. A company's composite rank is the sum
of 0.5 times its rank in return on total capital plus 0.25 times its sales-
and profit-growth ranks. To qualify, a company has to have annual sales
between $50 million and $1.5 billion, a current market value greater than $25
million, a current stock price greater than $5, and be actively traded.
"With all the glare on the road today, automatic-dimming mirrors are in
great demand," said Garth Deur, Gentex's executive vice president. "And the
good news is that our products have just begun to penetrate the market, so
there's lots of room for growth. Plus, we keep adding advanced features to
the mirror -- displays, microphones, sensors, garage door openers, interior
lighting -- even miniature cameras that control your high beams. Our mirrors
are actually sophisticated electronic modules that help vehicle manufacturers
integrate technology into their vehicles quickly and affordably."
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 95 percent of the Company's
revenues are derived from the sales of auto-dimming mirrors to nearly every
major automaker in the world.
SOURCE Gentex Corporation
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Related links:
http://www.gentex.com
CONTACT:
FINANCIAL MEDIA AND INVESTOR CONTACT: Connie
Hamblin, or GENERAL MEDIA CONTACT: Craig Piersma, both of Gentex
Corporation, +1-616-772-1800
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