Key Developments For Gentex Corporation
Gentex Corporation (GNTX.O) (Nasdaq)
Gentex Corporation Issues Q4 2009 Revenue Guidance Above Analysts' Estimates
Gentex Corporation announced that for the fourth quarter of 2009, it expects net sales to increase by 30%-35% compared with the fourth quarter of 2008. The Company reported revenue of $122.3 million in the fourth quarter of 2008. According to Reuters Estimates, analysts were expecting the Company to report revenue of $137.5 million in the fourth quarter of 2009.
Gentex Corporation Shipping Auto Dimming Interior Rearview Mirrors To New Customer Daihatsu
Gentex Corporation announced that it is shipping auto dimming interior rearview mirrors with its Rear Camera Display (RCD) feature for the new Daihatsu Mira Cocoa mini-passenger vehicle in Japan.
Gentex Corporation Announces Contract
Gentex Corporation announced that it is supplying auto-dimming mirrors with its proprietary SmartBeam feature for the 2010 Opel/Vauxhall Astra. The 2010 compact five-door hatchback Astra will be available throughout Europe in the fall of this year. The European Astra will offer Gentex's SmartBeam High-Beam Headlamp Assist technology in combination with Opel/Vauxhall's Xenon headlamp system. SmartBeam uses a miniature camera-on-a-chip combined with algorithmic decision making to automatically turn a vehicle's high beams on and off according to surrounding traffic conditions.
Gentex Corporation Declares Quarterly Cash Dividend
Gentex Corporation that its Board of Directors recently declared a quarterly cash dividend of $0.11per share that will be payable October 16, 2009, to shareholders of record of the common stock at the close of business on October 7, 2009. The ex-dividend date is October 5, 2009. Due to the required period of time for the settlement of stock trades, this means that a holder must have purchased shares of Gentex common stock on or before October 2, 2009, in order to receive this cash dividend.
Gentex Corporation Announces Additional Range Rover Automatic High-Beam Assist (SmartBeam) Programs
Gentex Corporation announced that it is supplying auto-dimming mirrors with its Automatic High-Beam Assist (SmartBeam) feature for the 2010 Range Rover Sport and Discovery 4 sport utility vehicles. The 2010 models will be available worldwide beginning in late summer 2009.
