SOURCE: Gentex Corporation

April 22, 2008 09:48 ET

Gentex Announces Share Repurchases During the First Quarter of 2008

ZEELAND, MI--(Marketwire - April 22, 2008) - Gentex Corporation (NASDAQ: GNTX) ("the Company"), the Zeeland, Michigan-based manufacturer of automatic-dimming rearview mirrors and commercial fire protection products, today reported that the Company repurchased approximately 2.2 million shares of the Company's stock at a cost of approximately $34.6 million during the first quarter of 2008.

The Company has a share repurchase plan in place with authorization to repurchase up to 28 million shares of the Company's stock. To date, including the prior share repurchases, the Company has repurchased approximately 20.2 million shares, leaving approximately 7.8 million shares authorized to be repurchased under the plan.

About the Company

Founded in 1974, Gentex Corporation (The Nasdaq Global Select Market: GNTX) is an international company that provides high-quality products to the worldwide automotive industry and North American fire protection market. Based in Zeeland, Michigan, the Company develops, manufactures and markets interior and exterior automatic-dimming automotive rearview mirrors that utilize proprietary electrochromic technology to dim in proportion to the amount of headlight glare from trailing vehicle headlamps. Many of the mirrors are sold with advanced electronic features, and approximately 96 percent of the Company's revenues are derived from the sales of auto-dimming mirrors to nearly every major automaker in the world.

Contact Information

  • CONTACT:
    Connie Hamblin
    (616) 772-1800