ZEELAND, MI --
(MARKET WIRE)
-- 03/12/2007 --
Gentex Corporation (NASDAQ: GNTX) -- Although
vehicles come in a myriad of shapes and sizes, most have one thing in
common -- large and dangerous rear blind zones that make it nearly
impossible for drivers to see directly behind them when backing up.
Automakers have begun offering sensor- and camera-based systems that alert
drivers to potential hazards in their rearward path, but debate remains
over their effectiveness and relatively high cost.
Using audible and/or visual alerts, sensor-based systems do a decent job of
warning drivers to stationary objects. This is critical considering that
backing into a pole at just 5 mph can cause hundreds, if not thousands, of
dollars in vehicular damage.
Far more serious, however, are backover accidents, which annually cause
more than 7,000 injuries and some 200 fatalities, mostly to young children.
Consumer and child advocacy groups contend that backover accidents could be
dramatically reduced if automakers provided camera-based systems that allow
drivers to see directly behind the vehicle.
Support for this claim recently came in the form of a 2006 National Highway
Traffic Safety Administration (NHTSA) study entitled "Vehicle Backover
Avoidance Technologies," which concluded that "camera-based systems have
the greatest potential to provide drivers with reliable assistance in
identifying people in the path of the vehicle while backing up."
Despite their effectiveness, rear camera systems are neither widely
available nor in the budget for most vehicle buyers because they require a
display, which typically only comes bundled with an expensive navigation
system package.
But that may change thanks to a new technology that integrates the rear
camera display into an interior auto-dimming rearview mirror. Zeeland,
Michigan-based Gentex Corporation, which supplies automatic-dimming mirrors
to the worldwide automotive industry, has developed a display that appears
through the mirror's reflective surface when the vehicle is put in reverse.
Because of its relatively low cost and simple vehicle integration, the
rearview mirror display is a simple, economical way for automakers to offer
the feature on more vehicles.
"The rearview mirror is a safe, intuitive and ergonomic location to display
rear-camera video because it allows you to view the display and the
reflected scene simultaneously," said Fred Bauer, Gentex chairman of the
board and chief executive officer. "It also allows automakers to offer the
feature on a wider variety of vehicles because it's easy to integrate into
the vehicle and no longer needs to be tied to expensive navigation
systems."
Gentex is currently working on development programs for rear camera display
mirrors with several major automakers. Once a specification is locked in by
one of these customers, Gentex could be in volume production on the new
mirror display product within nine to 12 months.
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 approximately 96 percent of the
Company's revenues are derived from the sales of auto-dimming mirrors to
nearly every major automaker in the world.