GNTX Gentex Corporation

Gentex Announces eSight Acquisition Set to Showcase Advanced Vision Tech at CES 2024

Gentex Announces eSight Acquisition Set to Showcase Advanced Vision Tech at CES 2024

LAS VEGAS, Jan. 07, 2024 (GLOBE NEWSWIRE) -- (NASDAQ: ) announced today the asset acquisition of eSight, a leading provider of vision enhancement technologies, to develop and manufacture the next generation of mobile electronic eyewear designed to help people living with visual impairments. Gentex will prominently feature eSight’s next-gen technology at the Consumer Electronics Show (CES) 2024.

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

eSight is a wearable assistive technology that allows people living with visual impairments to stay on the go while performing the tasks of daily living. The comprehensive medical equipment enhances vision for individuals with over 20 distinct ocular disorders, frequently enabling users to attain 20/20 vision. eSight eyewear combines a high-definition camera, proprietary algorithms, and powerful processing platform to relay and magnify real-time imagery onto two high-resolution screens positioned before each eye, resulting in enhanced binocular vision.

“For many years, our expertise in vision technology has been key in developing automotive solutions that improve driver safety,” said Neil Boehm, chief technology officer at Gentex. “Our acquisition of eSight is a strategic move to leverage this expertise in the healthcare industry to address the challenges of vision impairment, furthering our commitment to enhancing visual safety and quality of life.”

Gentex has applied its innovative capabilities in digital vision, software development, and industrial design to advance the development of eSight eyewear in a partnership that was originally announced in January 2022. The collaboration has focused on reducing device size, improving design, enhancing overall system performance, and applying Gentex’s advanced manufacturing skill sets to help improve cost.

“Gentex purchasing eSight is an exciting development for everyone involved,” said Aaron Tutwiler, eSight’s former chief executive officer. “Millions of people experience the challenges of living with low vision. Gentex’s specialized knowledge and advanced capabilities in engineering, combined with its highly advanced manufacturing capabilities will improve eSight functionality and affordability to further expand the reach of those we can impact with our life-changing technology.”

eSight technology will primarily be exhibited at CES in the North Hall of the LVCC, booth #8863, but can also be seen in Gentex’s main booth, West Hall, booth #6440. The Consumer Electronics Show (CES) is the world’s gathering place for all who thrive on the business of consumer technology. Owned and produced by the Consumer Technology Association, it has served as the proving ground for innovators and breakthrough technologies for over 50 years. This year’s show runs January 9-12 in Las Vegas.

About eSight

eSight champions vision enhancement, offering cutting-edge devices for individuals with vision loss. Catering to over 20 eye conditions, including macular degeneration and diabetic retinopathy, eSight products are the most versatile options on the market. Fully registered with the Food and Drug Administration (FDA), the European Databank on Medical Devices (EUDAMED), and overseen by Health Canada, eSight is dedicated to unlocking new visual possibilities. Discover more at .

About Gentex

Founded in 1974, Gentex Corporation (NASDAQ: ) 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 .

Gentex Media Contact

Craig Piersma

(616) 772-1590 x4316

Gentex Investor Relations Contact

Josh O’Berski

(616) 772-1800 x5814

Photos accompanying this announcement are available at

 



EN
07/01/2024

Underlying

To request access to management, click here to engage with our
partner Phoenix-IR's CorporateAccessNetwork.com

Reports on Gentex Corporation

 PRESS RELEASE

Gentex Reports First Quarter 2024 Financial Results

Gentex Reports First Quarter 2024 Financial Results ZEELAND, Mich., April 26, 2024 (GLOBE NEWSWIRE) -- Gentex Corporation (NASDAQ: GNTX), a leading supplier of digital vision, connected car, dimmable glass and fire protection technologies, today reported financial results for the three months ended March 31, 2024. 1st Quarter 2024 Summary Net sales of $590.2 million, a new quarterly sales record, and a 7% increase compared to the first quarter of 2023Gross profit margin of 34.3%, an increase of 260 basis points from the first quarter of 2023Income from operations...

 PRESS RELEASE

Gentex Schedules First Quarter 2024 Earnings Release Date and Conferen...

Gentex Schedules First Quarter 2024 Earnings Release Date and Conference Call ZEELAND, Mich., March 29, 2024 (GLOBE NEWSWIRE) -- Gentex Corporation (NASDAQ: GNTX), the Zeeland, Michigan-based supplier of digital vision, connected car, dimmable glass, and fire protection technologies, is pleased to announce that it will release its first quarter 2024 financial results on Friday, April 26, before the market opens. The Company will host a conference call for the investment community at 9:30am ET to discuss the results. The call will also be available to the general public via a live aud...

 PRESS RELEASE

Gentex Announces First Quarter 2024 Cash Dividend

Gentex Announces First Quarter 2024 Cash Dividend ZEELAND, Mich., March 05, 2024 (GLOBE NEWSWIRE) -- Gentex Corporation (NASDAQ: GNTX), the Zeeland, Michigan-based supplier of digital vision, connected car, dimmable glass, and fire protection technologies, today announced that its Board of Directors recently declared a quarterly cash dividend of $0.12 (12 cents) per share that will be payable April 17, 2024, to shareholders of record of the common stock at the close of business on April 5, 2024. About the CompanyFounded in 1974, Gentex Corporation (The NASDAQ Global Select Market: GNTX) ...

 PRESS RELEASE

Gentex’s HomeLink Brand Expands To Provide Smart Home & Security Syste...

Gentex’s HomeLink Brand Expands To Provide Smart Home & Security Systems ZEELAND, Mich., Feb. 27, 2024 (GLOBE NEWSWIRE) -- Today at the International Builders’ Show, (NASDAQ: ) announced the launch of HomeLink Smart Home Solutions, a comprehensive, curated suite of smart home products all controlled and monitored by a single app. The overall goal is to help unite the worlds of car connectivity and home automation into a single, seamless ecosystem. Gentex is a technology company and a long-time supplier of electro-optical products for the global automotive, aerospace, fire protection, an...

 PRESS RELEASE

Gentex Reports Fourth Quarter and Year End 2023 Financial Results

Gentex Reports Fourth Quarter and Year End 2023 Financial Results ZEELAND, Mich., Jan. 26, 2024 (GLOBE NEWSWIRE) -- Gentex Corporation (NASDAQ: GNTX), a leading supplier of digital vision, connected car, dimmable glass and fire protection technologies, today reported financial results for the fourth quarter and calendar year ended December 31, 2023. Fourth Quarter and Calendar Year 2023 Highlights: Fourth Quarter 2023 Net sales of $589.1 million, a new quarterly sales record, and a 19% increase compared to the fourth quarter of 2022Gross profit margin ...

ResearchPool Subscriptions

Get the most out of your insights

Get in touch