Gentex Corporation – Saudi Mirror http://www.saudimirror.com News On-line Mon, 01 May 2023 12:00:00 +0000 en-US hourly 1 https://wordpress.org/?v=5.3.2 Gentex Announces Investment and Collaboration Agreement With ADASKY http://www.saudimirror.com/gentex-announces-investment-and-collaboration-agreement-with-adasky/ Mon, 01 May 2023 12:00:00 +0000 http://www.saudimirror.com/?p=215972 ZEELAND, Mich., May 01, 2023 (GLOBE NEWSWIRE) — Gentex Corporation (NASDAQ: GNTX), a leading supplier of digital vision, connected car, dimmable glass, and fire protection technologies, today announced that it has closed an agreement with ADASKY as the lead investor in a Series B round of financing and has also established a commercial, engineering, and manufacturing collaboration agreement to help bring ADASKY's proprietary technology to market.

The investment round of financing and the collaboration agreement with Gentex will help secure the transition of ADASKY from an early growth company to a global leader in automotive thermal sensing. ADASKY's proprietary LWIR (Long Wave Infrared) sensors are becoming well–known in the industry for their market–leading performance based on their superior size–to–performance ratio, solid state technology, high reliability, and "shutterless" constant operation design. As advanced sensing systems create the path for passenger and pedestrian safety, thermal sensing will fill the existing gaps in that technology so that ADAS and vision–based systems can operate more reliably in low light and in all–weather situations.

"After several years of investigation, research, and dialogue with the ADASKY team, we became very convinced that now was the time for Gentex to help accelerate the technology's growth and development curve as well as the commercialization of the ADASKY technology. Over the last few years, we have been investing heavily into our sensing capabilities and the ADASKY technology was a great fit to complement our existing suite of sensing products," said Gentex President and CEO, Steve Downing. "However, the last piece of the analysis always comes down to "fit' between organizations, especially when it comes to collaboration agreements, and I am personally very excited about the cultural similarities of our organizations and our ability to work together as a team," concluded Downing.

"Gentex is exactly the right strategic partner for ADASKY to complement our existing shareholders. We have the same excellence–driven engineering and innovation focus that will help propel us to expand markets and applications. With Gentex's global footprint and capability, we will be able to meet the demand we are seeing for our thermal camera," said ADASKY CEO, Yakov Shaharabani. "We are thrilled to explore new opportunities with Gentex in the automotive market and in other industries and verticals. ADASKY and Gentex share the same spirit of addressing extreme challenges with determination and innovation," concluded Shaharabani.

About ADASKY
ADASKY develops and manufactures intelligent, high–resolution thermal sensing systems (LWIR) for vehicle safety and perception applications and smart city roadway solutions. Thermal vision systems can see at night the same as during daylight and are not limited by blinding lights or harsh weather conditions, filling gaps in existing sensor suites. Visit ADASKY's website at http://www.adasky.com.

About Gentex
Founded in 1974, Gentex Corporation (The NASDAQ Global Select Market: GNTX) is a leading supplier of digital vision, connected car, dimmable glass, and fire protection technologies. Visit the Company's web site at www.gentex.com.

Contact Information:
Gentex Investor Contact
Josh O'Berski
(616)772–1590 x5814
josh.oberski@gentex.com
Gentex Media Contact
Craig Piersma
(616) 772–1590 x4316
craig.piersma@gentex.com
ADASKY Media Contact
Raz Peleg
+972–503314142
raz.peleg@adasky.com

Photos accompanying this announcement are available at
https://www.globenewswire.com/NewsRoom/AttachmentNg/094bc741–6a2a–409b–b46c–2e394ff8a6b4

https://www.globenewswire.com/NewsRoom/AttachmentNg/2dbb1a32–c641–4496–b73f–ac5c6fbc9be2


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Gentex Expands Cabin Monitoring Capabilities With the Acquisition of Guardian Optical Technologies http://www.saudimirror.com/gentex-expands-cabin-monitoring-capabilities-with-the-acquisition-of-guardian-optical-technologies/ Mon, 06 Sep 2021 06:00:00 +0000 http://www.saudimirror.com/?p=214243 ZEELAND, Mich., Sept. 06, 2021 (GLOBE NEWSWIRE) — Gentex Corporation (NASDAQ: GNTX) today announced the acquisition of Guardian Optical Technologies, an Israeli startup that pioneered a unique, multi–modal sensor technology designed to provide a comprehensive suite of driver– and cabin–monitoring solutions for the automotive industry.

Gentex is a long–time supplier of electro–optical products for the global automotive, aerospace and fire protection industries. It's best known for supplying nearly every major automaker with connected–car technologies and advanced electronic features that optimize driver vision and enhance driving safety.

The core of Guardian's technology is an infrared–sensitive, high–resolution camera that combines machine vision, depth perception, and micro–vibration detection. This proprietary sensor configuration allows the system to not only monitor the driver, but also the entire vehicle cabin and all its objects and occupants, assessing their behavior, gestures, and activities.
The system continuously scans, tracks and determines the physical location of every vehicle occupant and object, even without a direct line of sight, by combining two–dimensional video image recognition with 3D depth mapping and optical motion analysis. It's capable of detecting the slightest of movements, including heartbeats.

"Guardian utilizes artificial intelligence and computer vision algorithms to create comprehensive, in–cabin sensing functionality for today's vehicles and the autonomous age," said Gentex Chief Technology Officer Neil Boehm. "With a single sensor module, we can monitor driver alertness, fine–tune airbag deployment, track passenger behavior — even detect the presence of a child sleeping in a car seat in the rear of the vehicle."

The Guardian acquisition further bolsters Gentex's cabin monitoring expertise. For decades, the company has integrated displays, cameras, and various ADAS features into its smart rearview mirrors. Because the interior mirror area has an ideal view of the driver and the entire vehicle cabin, it's a logical location for the integration of the in–cabin monitoring camera.

"A mirror–borne, in–cabin monitoring system would allow automakers to offer an attractively packaged, scalable, cross–car–line feature in a high–performance location that simplifies regulatory compliance," explained Boehm. "We're currently working on multiple proof–of–concept designs for mirror– and overhead–console–integrated driver monitoring solutions."

In January, Gentex announced the acquisition of Vaporsens, a Utah–based startup that pioneered a new nanofiber sensing technology capable of detecting a wide variety of chemicals, including explosives, drugs, VOCs, toxic industrial chemicals, amines, and more. This digital olfaction technology could be used to monitor in–vehicle air quality in passenger vehicles, and expanded to identify explosives, biohazards and other pollutants for self–driving cars.

"Our goal is to provide automakers with holistic cabin monitoring solutions, from simple driver monitoring through complete cabin monitoring and machine olfaction," continued Boehm. "We're engineering a comprehensive and scalable platform based on robust sensor fusion techniques that will allow us to provide features for today's vehicles, transitionary vehicles, and completely autonomous mobility solutions."

Founded in 2015 and based in Tel Aviv, Israel, Guardian Optical Technologies is dedicated to enabling "passenger aware" cars with cutting–edge, optical sensor technology that makes vehicles safer and more convenient.

Founded in 1974, Gentex Corporation (NASDAQ: GNTX) is a supplier of automatic–dimming rearview mirrors and electronics to the automotive industry, dimmable aircraft windows for aviation markets, and fire protection products to the fire protection market. Visit the company website at www.gentex.com.

Gentex Media Contact
Craig Piersma
(616) 772–1590 x4316
craig.piersma@gentex.com

Gentex Investor Relations Contact
Josh O'Berski
(616) 772–1800 x5814
josh.oberski@gentex.com

Photos accompanying this announcement are available at:

https://www.globenewswire.com/NewsRoom/AttachmentNg/66fbf308–982c–4b62–941f–123dd8c4909f

https://www.globenewswire.com/NewsRoom/AttachmentNg/66a01cd6–c172–4ca6–b006–a097ce64ba32

https://www.globenewswire.com/NewsRoom/AttachmentNg/e2a3c06e–7b1f–486d–acfa–507085a2dc30


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