Climate Control Seat Maker Closes Private Placement

IRWINDALE, Calif., Feb. 26-- Amerigon Incorporated , a developer, manufacturer and marketer of proprietary, high technology products for automotive original equipment manufacturers worldwide, announced today that it has closed the sale of an aggregate of approximately 6.05 million restricted shares of its Common Stock in a private placement to selected institutional and other accredited investors. New York City based Special Situations Fund LP, an investment fund focused on small, publicly traded companies, was the lead investor. Roth Capital Partners, LLC of Newport Beach, CA represented the Company as placement agent in the private placement.

Included in the transaction were approximately 1.7 million shares issued to Big Beaver Investments LLC in satisfaction of $2.6 million of indebtedness owed to it by the Company. The shares were sold at a price of $1.50 per share. In addition to the sale of the shares of Common Stock, the Company issued to the investors, including the placement agent, warrants to purchase approximately 3.58 million shares of Common Stock at an exercise price of $2.00 per share. A registration statement relating to the resale of these securities is expected to be filed with the Securities and Exchange Commission as soon as reasonably practical.

CEO Oscar (Bud) Marx commented, ``This infusion of capital by Special Situations Fund, a well-respected and prominent investor, represents a strong vote of confidence in Amerigon's business plan and future prospects. The proceeds of this placement will provide Amerigon with a strong financial base. This permits us to pursue aggressively our business objectives, which should lead to excellent growth in sales, profits and shareholder value.''

About Amerigon

Amerigon develops and markets its proprietary Climate Control Seat(TM) (CCS(TM)) products for automotive original equipment manufacturers (OEMs). This product significantly enhances individual driver and passenger comfort in virtually all climatic conditions by providing cooling and heating to seat occupants, as desired, through an active thermoelectric-based temperature management system. Amerigon is engaged in developing other proprietary thermoelectric-based heating and cooling products for the automotive and other market applications. Amerigon maintains sales and technical support centers in Detroit, Japan and Germany.