{"id":533768,"date":"2021-09-02T08:04:47","date_gmt":"2021-09-02T12:04:47","guid":{"rendered":"https:\/\/www.marketnewsdesk.com\/index.php\/gentherm-invests-in-electric-sensor-technology-company-forciot\/"},"modified":"2021-09-02T08:04:47","modified_gmt":"2021-09-02T12:04:47","slug":"gentherm-invests-in-electric-sensor-technology-company-forciot","status":"publish","type":"post","link":"https:\/\/www.marketnewsdesk.com\/index.php\/gentherm-invests-in-electric-sensor-technology-company-forciot\/","title":{"rendered":"Gentherm Invests in Electric Sensor Technology Company Forciot"},"content":{"rendered":"<div class=\"mw_release\">\n<p align=\"left\">NORTHVILLE, Mich., Sept.  02, 2021  (GLOBE NEWSWIRE) &#8212; Gentherm\u00a0(NASDAQ: THRM), a global market leader and developer of innovative thermal management technologies, announced that it has invested in Forciot, a Finnish-based technology developer of sensors for touch, motion and force measurement.<\/p>\n<p>The technology being developed by Forciot has the potential to be integrated into vehicle interiors, including into steering wheels for Hands on Detection (HOD) functionality for Advanced Driver Assistance Systems (ADAS). Forciot\u2019s innovative stretchable and printed sensors and advanced electronics are targeted to help accurately measure touch, motion and force. Forciot\u2019s sensors may be used to sense an occupant\u2019s presence and potentially to replace buttons and other Human-Machine Interfaces (HMI) within vehicle interiors.<\/p>\n<p>\u201cThe automotive industry is changing extremely fast, and we see potential opportunities with Forciot\u2019s stretchable electronics and sensor technology to address the challenges that our customers are facing today and in the future,\u201d said Phil Eyler, President and CEO of Gentherm. \u201cOur investment in Forciot provides us an opportunity to expand our Automotive and Electronics solutions and help improve vehicle safety and passenger comfort.\u201d<\/p>\n<p>\u201cWe are very excited to cooperate with Gentherm, who passionately drives innovation and advanced functionality to their future solutions. This cooperation and investment enables us to scale up Forciot operations further to prepare for the mass volume phase and supports our global business and technology development growth plans as well,\u201d said Tytti Julkunen, Forciot Chairman of the Board.<\/p>\n<p>\n        <strong>Gentherm Investor Contact<\/strong><br \/>\n        <br \/>Yijing Brentano<br \/><a href=\"https:\/\/www.globenewswire.com\/Tracker?data=ksOgsmoz6V9O74zKhWt6YXRFwG3e2jBBBimyppewAavue_whL0-K0nkX9CWS4ZN1ue6H2x104R-67xEtsSMdS8jgCQWeYFZ6xyTurVj06aA=\" rel=\"nofollow noopener\" target=\"_blank\">investors@gentherm.com<\/a>\u00a0<br \/>248.308.1702<\/p>\n<p>\n        <strong>Gentherm Media Contact<\/strong><br \/>\n        <br \/>Melissa Fischer<br \/><a href=\"https:\/\/www.globenewswire.com\/Tracker?data=YHrCKZneYExPmbm1gY_i1tdESHtgq3w99skYa5xb5L2Rv9IViM34BTun0V9xpyW5HytEWq50Vnfi9_9YeuJEjRBGVXUPaDRnlK8qq3c2uNo=\" rel=\"nofollow noopener\" target=\"_blank\">media@gentherm.com<\/a>\u00a0<br \/>248.289.9702<\/p>\n<p>\n        <strong>Forciot Media Contact<\/strong><br \/>\n        <br \/>Tytti Julkunen<br \/><a href=\"https:\/\/www.globenewswire.com\/Tracker?data=nhrBK8_B5rMXUIPkSFAbPYKQ20mFfKFOPNpMnmjXoxHb36bzR07NhjBeqrI7mKcihArgGfax5JmM5QPo5nVSs0O57ZIAH3ZtXtNAY6-FlPxqntb2oO4xnqDhKjYi0Brl\" rel=\"nofollow noopener\" target=\"_blank\">tytti.julkunen@forciot.com<\/a><br \/>+ 358 504877357<\/p>\n<p>\n        <strong>About\u00a0Gentherm<\/strong><br \/>\n        <br \/>Gentherm\u00a0(NASDAQ:THRM) is a global developer and marketer of innovative thermal management technologies for a broad range of heating and cooling and temperature control applications. Automotive products include variable temperature Climate Control Seats, heated automotive interior systems (including heated seats, steering wheels, armrests and other components), battery performance solutions, cable systems and other electronic devices. Medical products include patient temperature management systems. The Company is also developing a number of new technologies and products that will help enable improvements to existing products and to create new product applications for existing and new markets.\u00a0Gentherm\u00a0has more than 11,000 employees in facilities in\u00a0the United States, Germany, Canada, China, Hungary, Japan, Korea, North Macedonia, Malta,\u00a0Mexico,\u00a0United Kingdom,\u00a0Ukraine, and\u00a0Vietnam. For more information, go to\u00a0<a href=\"https:\/\/www.globenewswire.com\/Tracker?data=5BlU5EeL-x4f5cQ60SP80NscHAA7uRzPbXmxmLzryIYz6W0rIlHFf1uW5u87C44DHf6wszDyZZ_w0fWbIJ5YBg==\" rel=\"nofollow noopener\" target=\"_blank\">www.gentherm.com<\/a>.<\/p>\n<p>\n        <strong>About\u00a0Forciot<\/strong><br \/>\n        <br \/>Forciot is a fast-paced, award-winning scaleup company established in December 2015. The company drives cutting-edge IoT-sensor solutions to enable customers to transform their products, to sense and interact with the changing world in extraordinary new and sustainable ways to conquer growing markets. Forciot is leading the new era of electronics with its stretchable force sensor technology. The Forciot technology works on and with several surface materials, which means it can be integrated into various products and equipment of different size and shape. In addition, it can be used on both rigid and soft surfaces and unlike many competing solutions, it reacts to and measures a broad variety of parameters such as force, weight, load, balance, pressure, and touch accurately and in real time.<\/p>\n<p>Forciot\u2019s key market focus areas are the automotive and logistics sectors. Additionally, Forciot technology can be used for an incredibly broad variety of purposes in different areas of life, such as consumer electronics, wearables, healthcare, aviation, retail \u2013 and much more. For more information, go to <a href=\"https:\/\/www.globenewswire.com\/Tracker?data=4UxcIBqtxLdF2eqZlqMqk4blysyypUWEIo8fmd4APFlup8q02BqGcCWv-lri03gTGVCQKkJC1DfGmuFnucQM7LVb5LyKBW5kcj-iLqFicC4=\" rel=\"nofollow noopener\" target=\"_blank\">http:\/\/www.forciot.com.<\/a><\/p>\n<p>\n        <strong>Forward-Looking Statements<\/strong>\u00a0<br \/>Except for historical information contained herein, statements in this press release are forward-looking statements that are made pursuant to\u00a0the safe harbor provisions of the Private Securities Litigation Reform Act of 1995. These forward-looking statements represent Gentherm\u00a0Incorporated&#8217;s goals, beliefs, plans and expectations about its prospects for the future and other future events. The forward-looking\u00a0statements included in this press release are made as of the date hereof or as of the date specified herein and are based on management\u2019s reasonable expectations and beliefs. Such statements are subject to\u00a0a number of\u00a0important assumptions, risks, uncertainties and other factors\u00a0that may cause actual results or performance to differ materially from that described in or indicated by the forward-looking statements. Those risks include, but are not limited to, risks related to: market acceptance of the Company\u2019s existing or new products, and new or improved competing products developed by competitors with greater resources; shifting customer preferences, including due to the evolving use of automobiles and technology; the electric vehicle market and the alignment of the Company\u2019s product portfolio with long-term technological trends; and the feasibility of Company\u2019s development of new products on a timely, cost effective basis, or at all. The foregoing risks should be read in conjunction with the Company&#8217;s filings\u00a0with the Securities and Exchange Commission (the \u201cSEC\u201d), including \u201cRisk Factors\u201d, in its most recent Annual Report on Form 10-K and\u00a0subsequent SEC filings, for a discussion of these and other risks and uncertainties. In addition, the business outlook discussed in this\u00a0press release does not include the potential impact of any business combinations,\u00a0acquisitions, divestitures, strategic investments and other\u00a0significant transactions that may be completed after the date hereof, each of which may present material risks to the Company\u2019s future\u00a0business and financial results. Except as required by law, the Company expressly disclaims any obligation or undertaking to update any\u00a0forward-looking statements to reflect any change in its expectations with regard thereto or any change in events, conditions or circumstances\u00a0on which any such statement is based.\u200b<\/p>\n<\/p>\n<p>      <img decoding=\"async\" class=\"__GNW8366DE3E__IMG\" src=\"https:\/\/www.globenewswire.com\/newsroom\/ti?nf=ODMxOTA2MCM0Mzg1NDYxIzIwMDQyMjg=\" \/><br \/>\n      <br \/>\n      <img decoding=\"async\" src=\"https:\/\/ml.globenewswire.com\/media\/NmEzMDVmY2QtNTJkYS00MGJjLThhMjAtZTAwMjQwZDNiMzBiLTEwMTU4MDE=\/tiny\/Gentherm-Inc.png\" \/>\n    <\/div>\n<div class=\"mw_contactinfo\"><\/div>\n","protected":false},"excerpt":{"rendered":"<p>NORTHVILLE, Mich., Sept. 02, 2021 (GLOBE NEWSWIRE) &#8212; Gentherm\u00a0(NASDAQ: THRM), a global market leader and developer of innovative thermal management technologies, announced that it has invested in Forciot, a Finnish-based technology developer of sensors for touch, motion and force measurement. The technology being developed by Forciot has the potential to be integrated into vehicle interiors, including into steering wheels for Hands on Detection (HOD) functionality for Advanced Driver Assistance Systems (ADAS). Forciot\u2019s innovative stretchable and printed sensors and advanced electronics are targeted to help accurately measure touch, motion and force. Forciot\u2019s sensors may be used to sense an occupant\u2019s presence and potentially to replace buttons and other Human-Machine Interfaces (HMI) within vehicle interiors. \u201cThe automotive industry is changing extremely fast, &hellip; <\/p>\n<p class=\"link-more\"><a href=\"https:\/\/www.marketnewsdesk.com\/index.php\/gentherm-invests-in-electric-sensor-technology-company-forciot\/\" class=\"more-link\">Continue reading<span class=\"screen-reader-text\"> &#8220;Gentherm Invests in Electric Sensor Technology Company Forciot&#8221;<\/span><\/a><\/p>\n","protected":false},"author":2,"featured_media":0,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[],"tags":[],"class_list":["post-533768","post","type-post","status-publish","format-standard","hentry"],"yoast_head":"<!-- This site is optimized with the Yoast SEO plugin v27.7 - https:\/\/yoast.com\/product\/yoast-seo-wordpress\/ -->\n<title>Gentherm Invests in Electric Sensor Technology Company Forciot - Market Newsdesk<\/title>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/www.marketnewsdesk.com\/index.php\/gentherm-invests-in-electric-sensor-technology-company-forciot\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"Gentherm Invests in Electric Sensor Technology Company Forciot - Market Newsdesk\" \/>\n<meta property=\"og:description\" content=\"NORTHVILLE, Mich., Sept. 02, 2021 (GLOBE NEWSWIRE) &#8212; Gentherm\u00a0(NASDAQ: THRM), a global market leader and developer of innovative thermal management technologies, announced that it has invested in Forciot, a Finnish-based technology developer of sensors for touch, motion and force measurement. The technology being developed by Forciot has the potential to be integrated into vehicle interiors, including into steering wheels for Hands on Detection (HOD) functionality for Advanced Driver Assistance Systems (ADAS). Forciot\u2019s innovative stretchable and printed sensors and advanced electronics are targeted to help accurately measure touch, motion and force. Forciot\u2019s sensors may be used to sense an occupant\u2019s presence and potentially to replace buttons and other Human-Machine Interfaces (HMI) within vehicle interiors. \u201cThe automotive industry is changing extremely fast, &hellip; Continue reading &quot;Gentherm Invests in Electric Sensor Technology Company Forciot&quot;\" \/>\n<meta property=\"og:url\" content=\"https:\/\/www.marketnewsdesk.com\/index.php\/gentherm-invests-in-electric-sensor-technology-company-forciot\/\" \/>\n<meta property=\"og:site_name\" content=\"Market Newsdesk\" \/>\n<meta property=\"article:published_time\" content=\"2021-09-02T12:04:47+00:00\" \/>\n<meta property=\"og:image\" content=\"https:\/\/www.globenewswire.com\/newsroom\/ti?nf=ODMxOTA2MCM0Mzg1NDYxIzIwMDQyMjg=\" \/>\n<meta name=\"author\" content=\"Newsdesk\" \/>\n<meta name=\"twitter:card\" content=\"summary_large_image\" \/>\n<meta name=\"twitter:label1\" content=\"Written by\" \/>\n\t<meta name=\"twitter:data1\" content=\"Newsdesk\" \/>\n\t<meta name=\"twitter:label2\" content=\"Est. reading time\" \/>\n\t<meta name=\"twitter:data2\" content=\"5 minutes\" \/>\n<script type=\"application\/ld+json\" class=\"yoast-schema-graph\">{\"@context\":\"https:\\\/\\\/schema.org\",\"@graph\":[{\"@type\":\"Article\",\"@id\":\"https:\\\/\\\/www.marketnewsdesk.com\\\/index.php\\\/gentherm-invests-in-electric-sensor-technology-company-forciot\\\/#article\",\"isPartOf\":{\"@id\":\"https:\\\/\\\/www.marketnewsdesk.com\\\/index.php\\\/gentherm-invests-in-electric-sensor-technology-company-forciot\\\/\"},\"author\":{\"name\":\"Newsdesk\",\"@id\":\"https:\\\/\\\/www.marketnewsdesk.com\\\/#\\\/schema\\\/person\\\/482f27a394d4fda80ecb5499e519d979\"},\"headline\":\"Gentherm Invests in Electric Sensor Technology Company Forciot\",\"datePublished\":\"2021-09-02T12:04:47+00:00\",\"mainEntityOfPage\":{\"@id\":\"https:\\\/\\\/www.marketnewsdesk.com\\\/index.php\\\/gentherm-invests-in-electric-sensor-technology-company-forciot\\\/\"},\"wordCount\":919,\"image\":{\"@id\":\"https:\\\/\\\/www.marketnewsdesk.com\\\/index.php\\\/gentherm-invests-in-electric-sensor-technology-company-forciot\\\/#primaryimage\"},\"thumbnailUrl\":\"https:\\\/\\\/www.globenewswire.com\\\/newsroom\\\/ti?nf=ODMxOTA2MCM0Mzg1NDYxIzIwMDQyMjg=\",\"inLanguage\":\"en-US\"},{\"@type\":\"WebPage\",\"@id\":\"https:\\\/\\\/www.marketnewsdesk.com\\\/index.php\\\/gentherm-invests-in-electric-sensor-technology-company-forciot\\\/\",\"url\":\"https:\\\/\\\/www.marketnewsdesk.com\\\/index.php\\\/gentherm-invests-in-electric-sensor-technology-company-forciot\\\/\",\"name\":\"Gentherm Invests in Electric Sensor Technology Company Forciot - 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The technology being developed by Forciot has the potential to be integrated into vehicle interiors, including into steering wheels for Hands on Detection (HOD) functionality for Advanced Driver Assistance Systems (ADAS). Forciot\u2019s innovative stretchable and printed sensors and advanced electronics are targeted to help accurately measure touch, motion and force. Forciot\u2019s sensors may be used to sense an occupant\u2019s presence and potentially to replace buttons and other Human-Machine Interfaces (HMI) within vehicle interiors. \u201cThe automotive industry is changing extremely fast, &hellip; Continue reading \"Gentherm Invests in Electric Sensor Technology Company Forciot\"","og_url":"https:\/\/www.marketnewsdesk.com\/index.php\/gentherm-invests-in-electric-sensor-technology-company-forciot\/","og_site_name":"Market Newsdesk","article_published_time":"2021-09-02T12:04:47+00:00","og_image":[{"url":"https:\/\/www.globenewswire.com\/newsroom\/ti?nf=ODMxOTA2MCM0Mzg1NDYxIzIwMDQyMjg=","type":"","width":"","height":""}],"author":"Newsdesk","twitter_card":"summary_large_image","twitter_misc":{"Written by":"Newsdesk","Est. reading time":"5 minutes"},"schema":{"@context":"https:\/\/schema.org","@graph":[{"@type":"Article","@id":"https:\/\/www.marketnewsdesk.com\/index.php\/gentherm-invests-in-electric-sensor-technology-company-forciot\/#article","isPartOf":{"@id":"https:\/\/www.marketnewsdesk.com\/index.php\/gentherm-invests-in-electric-sensor-technology-company-forciot\/"},"author":{"name":"Newsdesk","@id":"https:\/\/www.marketnewsdesk.com\/#\/schema\/person\/482f27a394d4fda80ecb5499e519d979"},"headline":"Gentherm Invests in Electric Sensor Technology Company Forciot","datePublished":"2021-09-02T12:04:47+00:00","mainEntityOfPage":{"@id":"https:\/\/www.marketnewsdesk.com\/index.php\/gentherm-invests-in-electric-sensor-technology-company-forciot\/"},"wordCount":919,"image":{"@id":"https:\/\/www.marketnewsdesk.com\/index.php\/gentherm-invests-in-electric-sensor-technology-company-forciot\/#primaryimage"},"thumbnailUrl":"https:\/\/www.globenewswire.com\/newsroom\/ti?nf=ODMxOTA2MCM0Mzg1NDYxIzIwMDQyMjg=","inLanguage":"en-US"},{"@type":"WebPage","@id":"https:\/\/www.marketnewsdesk.com\/index.php\/gentherm-invests-in-electric-sensor-technology-company-forciot\/","url":"https:\/\/www.marketnewsdesk.com\/index.php\/gentherm-invests-in-electric-sensor-technology-company-forciot\/","name":"Gentherm Invests in Electric Sensor Technology Company Forciot - 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