Company Profile | May 31, 2000

Gentex Corporation

Source: Gentex Corporation
Gentex opened its doors in 1974 as a manufacturer of high-quality fire protection products. We revolutionized the industry with the world's first dual-sensor photoelectric smoke detector - a device less prone to false alarms yet quick to detect slow, smoldering fires.

Today, millions of Gentex smoke detectors and signaling devices can be found in hospitals, hotels, office buildings and other commercial applications throughout North America.

Gentex is best known, however, as the pioneer of the electrochromic, automatic-dimming mirror industry. We've made nighttime driving safer for millions of drivers around the globe by providing the worldwide automotive industry with mirrors that detect and eliminate dangerous rearview mirror glare. Our Night Vision Safety (NVS ®) Mirrors are offered as standard or optional equipment on over 115 vehicle models around the world.

Today, Gentex is a global company with annual revenues approaching $250 million, and five-year compounded annual revenue and net income growth rates of 28% and 39% respectively. We have two separate divisions, the Automotive Products Group, which generates approximately 91% of the Company's revenue, and the Fire Protection Products Group.

The common link between the two divisions or product lines is electro-optics, which are electronic sensing devices combined with related electronic circuitry. We continue to advance this technology along with our electrochromic dimming expertise as we develop products and features for new and existing markets.