Control Devices. Our Control Devices segment designs and manufactures products
that monitor, measure or activate specific functions within a vehicle. This segment
includes product lines such as sensors, switches, valves and actuators. Sensor
products are employed in major vehicle systems such as the emissions, safety,
powertrain, braking, climate control, steering and suspension systems. Switches
transmit signals that activate specific functions. Our switch technology is principally
used in two capacities, user-activated and hidden. User-activated switches are
used by a vehicle’s operator or passengers to manually activate, rear defrosters
and other accessories. Hidden switches are not typically visible to vehicle operators
or passengers and are engaged to activate or deactivate selected functions as
part of normal vehicle operations, such as brake lights. In addition, our Control
Devices segment designs and manufactures actuator products that enable OEMs to
deploy power functions in a vehicle and can be designed to integrate switching
and control functions including our shift by wire product. We sell these products
principally to the automotive market as well as the commercial vehicle and agricultural
markets.
Electronics. Our Electronics segment designs and manufactures electronic instrument
clusters, electronic control units and driver information systems. These products
collect, store and display vehicle information such as speed, pressure, maintenance
data, trip information, operator performance, temperature, distance traveled and
driver messages related to vehicle performance. In addition, power distribution
modules and systems regulate, coordinate, monitor and direct the operation of
the electrical system within a vehicle. These products use state-of-the-art hardware,
software and multiplexing technology and are sold principally to the commercial
vehicle market.
PST. Our PST segment, which primarily serves the South American market, specializes
in the design, manufacture and sale of in-vehicle audio and video devices, electronic
vehicle security alarms, convenience accessories, vehicle tracking devices and
monitoring services primarily for the automotive and motorcycle markets. This
segment includes product lines such as alarms, convenience applications, vehicle
monitoring and tracking devices and infotainment systems. These products improve
the performance, safety and convenience features of our customers’ vehicles.
PST sells its products through the aftermarket distribution channel, to factory
authorized dealer installers, also referred to as original equipment services,
direct to OEMs and through mass merchandisers.
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