ZEELAND, Mich., Nov. 4 /PRNewswire-FirstCall/ -- For the third consecutive
year and the ninth time overall, Gentex Corporation, the leading supplier of
automatic-dimming mirrors to the worldwide automotive industry, has been named
to Forbes magazine's elite list of "The 200 Best Small Companies." The
announcement comes in the magazine's November 1, 2004, issue.
Gentex is best known for its 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. Gentex mirrors often come integrated with additional
electronic features such as compass and temperature displays, map lights,
headlamp control sensors, microphones, garage door openers -- even
sophisticated light sensors that automate high-beam usage.
Gentex was 141st overall on Forbes' annual list of the "200 Best Small
Companies," which ranks publicly traded companies according to a consistent
pattern of positive growth and profitability. Forbes ranked Gentex 8th in
profits, 9th in market value, 44th in sales, and 63rd in five-year average
return on equity. The magazine also states that Gentex's five-year average
return on equity is 16 percent, and that the Company has posted five-year
average sales and earnings per share growth of 15 percent and 12 percent,
respectively. Gentex is debt free.
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, of Gentex
Corporation, +1-616-772-1800
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