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.”
