Gentex Wins 2020 Automotive News PACE Award for Its Integrated Toll Module
April 29 2020 - 9:00AM
Gentex Corporation, a leading supplier of digital vision, connected
car, dimmable glass and fire protection technologies, was named a
2020 Automotive News PACE Award winner during an online awards
ceremony yesterday. The prestigious award recognizes automotive
suppliers for superior innovation, technological advancement, and
business performance.
Gentex was recognized for its Integrated Toll Module (ITM), the
auto industry’s first nationwide toll collection technology for
factory integration into new vehicles. The system uses a
mirror-integrated, multi-protocol toll tag that provides motorists
with access to toll roads throughout the U.S. while eliminating the
need for multiple toll transponders cluttering the windscreen.
“ITM benefits consumers and automakers alike,” said Neil Boehm,
Gentex’s chief technology officer and vice president of
engineering. “ITM allows automakers to offer their customers yet
another telematics service, providing a profitable, scalable
platform through which in-vehicle payment transactions can occur.
This system opens up the door to an increasing array of
transactions for the car of the future.”
The 26th annual PACE Awards were presented by Automotive News,
Deloitte, and the Automotive Parts Manufacturers’ Association
(APMA). The Government of Canada was a platinum sponsor. The
competition was open to suppliers that contribute products,
processes, materials or services directly to the manufacture of
cars or trucks. The Automotive News PACE Award is accepted around
the world as the industry benchmark for innovation.
Gentex earned an Automotive News PACE Award following an
extensive review by an independent panel of judges, including a
comprehensive written application and a site visit.
This recognition marks the eighth time Gentex has received an
Automotive News PACE Award. Two additional times it was named a
finalist. For complete details of the Automotive News PACE Award,
visit www.autonews.com/pace.
Founded in 1974, Gentex Corporation (NASDAQ: GNTX) 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 www.gentex.com.
Gentex Media Contact |
Gentex
Investor Relations Contact |
Craig Piersma |
Josh O’Berski |
(616) 772-1590 x4316 |
(616) 772-1800 x5814 |
craig.piersma@gentex.com |
josh.oberski@gentex.com |
A photo accompanying this announcement is available at
https://www.globenewswire.com/NewsRoom/AttachmentNg/2f58020c-0057-4e53-b60c-cc2f9115e2bf
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