SOUTHFIELD, Mich., Sept. 8, 2016 /PRNewswire/ -- Lear Corporation
(NYSE: LEA), a leading global supplier of automotive seating and
electrical systems, today announced that it has entered into a
strategic partnership with Tempronics, pursuant to which Lear
obtained a minority equity interest in Tempronics and also secured
exclusive rights to its thermoelectric seat heating and cooling
technology for automotive applications.
"This partnership will provide Lear with the ability to heat and
cool seats faster utilizing less energy than any other system
available today," said Ray Scott,
Lear's executive vice president and president of Seating.
"Lear is the industry leader in luxury and performance
automotive seating. With the addition of industry-leading
heating and cooling technology from Tempronics to our existing
capabilities in seat fabric, premium leather, seat cover sewing as
well as seat foam and seat structures, we are uniquely positioned
to offer the best seat designs, most complete range of seating
features and the highest level of craftsmanship," added
Matt Simoncini, Lear's president and
chief executive officer.
Rick Myers, the CEO of Tempronics
commented, "we are delighted to have Lear, the premier automotive
seating supplier, select Tempronics' differentiated and superior
seat comfort products. With a strong partner, we can advance
Tempronics' multiple value propositions of faster time-to-comfort,
lower power consumption, HVAC energy savings and increased seat
comfort on long drives."
Lear Corporation (NYSE: LEA) is one of the world's leading
suppliers of automotive seating and electrical distribution
systems. Lear serves every major automaker in the world, and Lear
content can be found on more than 350 vehicle nameplates.
Lear's world-class products are designed, engineered and
manufactured by a diverse team of approximately 140,000 employees
located in 36 countries. Lear currently ranks #154 on the
Fortune 500. Lear's headquarters are in Southfield, Michigan. Further
information about Lear is available at http://www.lear.com or
follow us on Twitter @LearCorporation.
Tempronics is a venture capital-backed technology company based
in Tucson, Arizona. Tempronics was incorporated in
2006, and develops solid-state thermoelectric devices that heat,
cool and generate electricity. The Company is focused on
advancing how these devices are best integrated into every day
products like automobiles, chairs and beds. Tempronics has a
substantial patent portfolio which allows it to deliver
increased comfort
while decreasing energy
consumption.
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SOURCE Lear Corporation