Sensata Technologies, Inc., the major U.S. subsidiary of Sensata Technologies Holding NV (NYSE:ST) reported the creation of the Sensata Technologies Foundation. The goal of the Foundation is twofold: to gain the communities where the firm operates and to support a passion about STEM subjects and all that they can make probable in the 21st century.
As the Sensata has expanded throughout the U.S. and beyond, the creation of new foundation allows the firm to support organizations and programs within and beyond Massachusetts, Attleboro and also concentrate resources on firms that are closer aligned with the firm’s main focus areas including STEM. Martha Sullivan, the CEO and President, expressed that Sensata has a proud and long history of fostering the communities in which they operate.
For almost all of their 100-year history, they have been engaged with outreach programs that support and nurture education, civic involvement, diversity and economic development. As they enter their second century, they want to use their own Sensata Technologies Foundation to make a remarkable impact on their world through increased focused giving of their resources.
The Sensata Technologies Foundation marks as a 501(c) 3 non-profit firm permitted by the Internal Revenue Service. A group of Sensata employees will look after the funds available for staff matching grants starting in 2018.
More details on the Sensata Foundation can be found on sensatafoundation.org. Sensata Technologies is one of the leading suppliers of electrical protection, sensing, power and control management solutions with business centers and operations in 13 nations. Sensata’s products enhance efficiency, comfort and safety for millions of people daily in aircraft, industrial, automotive, appliance, heating, ventilation, air conditioning, data, military, heavy vehicle, recreational vehicle, marine and telecommunications applications.
In the last trading session, the stock price of Sensata declined 0.19% to close the day at $52.40.