New Strategic Partnership
Tier One Supplier Faurecia Becomes New Strategic Partner to Traverse City-Based Promethient
Traverse City, Mich. (May 23, 2018) – Traverse City start-up company Promethient has announced a new strategic partnership with tier one supplier Faurecia.
Faurecia, a leading automotive technology company developing solutions for sustainable mobility and smart life on board, has become a strategic partner to Promethient and will hold a position on the company’s Board of Directors.
Promethient recently launched its Thermavance brand of human-scaled climate control technology on March 1, 2018, which can be applied to automotive seating, medical devices, personal garments and furniture. Thermavance currently serves as Promethient’s main product offering.
“The Thermavance technology is a prime example of the revolutionary products Promethient is producing for the automotive industry and beyond,” said Eric De La Gironière, President, Faurecia Ventures. “Our involvement with Promethient is a natural fit as it relates to automotive seating and supports Faurecia’s solutions to enhance health and wellness of all occupants and make vehicles more comfortable.”
In conjunction with the investment, Faurecia has announced that Nik Endrud, Vice President for Strategy and Innovation, will join Promethient’s Board of Directors.
Thermavance heats and cools through conductive heat transfer, rather than convective heat transfer, offering significantly higher efficiency than current technology. While most of today’s vehicles are equipped with heated and/or cooled seats, they rely on convective heat transfer, meaning they must first heat or cool air in order to heat or cool the vehicle occupants.
“Our Thermavance system personalizes climate control while saving energy. These are key considerations for automakers and are especially important in the growing electric vehicle segment,” said William Myers, CEO of Promethient. “The partnership with Faurecia represents a significant step for us within the automotive industry and clearly demonstrates the value of Thermavance within the marketplace.”
Terms of the deal are not being disclosed.
For more information, visit www.thermavance.com