Gentex Acquires New Thin-Glass Laminating Technology - Gentex (NASDAQ:GNTX)

Gentex Corp GNTX has acquired a laminating technology that yields durable, lightweight, ultra-thin glass engineered for aircraft cabin partitions, mirrors, and wood veneer applications. The financial terms of the deal were not disclosed.
The new laminating technology and related patents were included in Gentex's 2020 acquisition of Air-Craftglass, a Belgium-based startup founded to develop glass solutions for private and commercial aircraft.
Gentex said it is now in the process of bringing Air-Craftglass' proprietary production techniques in-house to develop a collection of glass, mirrors, and wood veneer products for aerospace and potentially other industries.
Gentex held $353 million in cash and equivalents as of June 30, 2021.
Price Action: GNTX shares are trading higher by 2.72% at $36.25 on the last check Monday.