Amerigon Ships Of Proprietary Climate Control Vehicle Seat System
6 January 2000
Amerigon Announces Commercial Shipments Of Proprietary Climate Control Vehicle Seat SystemIRWINDALE, Calif., Jan. 6 -- Amerigon Incorporated today announced that it has commenced commercial shipments of its proprietary Climate Control Seat(TM) (CCS(TM)) system for vehicle driver and front passenger seats. The shipments were made to Johnson Controls, Inc. , a global market leader in automotive systems and the first automotive interior supplier to produce such seat systems for OEMs. Lincoln Mercury of Ford Motor Company , a valued Johnson Controls, Inc customer, has publicly announced it has incorporated the new technology as an option in its 2000 model year Navigator SUV. The CCS system can be individually controlled to provide desired degrees of warmth or cooling, as well as dehumidification. Amerigon President and CEO Richard A. Weisbart commented, "These shipments mark a major corporate milestone after six years of research, planning and field testing. We believe that the commercial acceptance of CCS as a value-added option by two prestigious automotive names -- Johnson Controls and Ford Motor Company -- demonstrates a confidence that our unique technology works well and that it has significant market appeal. "We look forward to a mutually beneficial long-term relationship with Johnson Controls," Weisbart continued, "that will enable us to establish and maintain a leadership position in seating comfort features for the automotive industry." Amerigon, an emerging player in the global automotive industry, develops and markets proprietary products for automotive OEMs. Besides the Climate Control Seat (CCS) technology, the Company's products include the AmeriGuard(TM) radar sensing systems designed to extend the driver's field of view in such vehicle applications as enhanced parking aids, back-up warning systems and side object detection. Certain matters discussed in this release, including the Company continuing to allocate funds toward development and sales and marketing, consumer demand for its products, expected revenue and revenue growth, expense levels and expected losses for the foreseeable future, are forward-looking statements that involve risks and uncertainties, and actual results may be different. Such risks and uncertainties include the acceptance and performance of the Company's products, the Company's ability to develop new products successfully and the ability to obtain new sources of financing. Please also refer to the Company's Securities and Exchange Commission reports, including but not limited to the Form 10-K for the year ended December 31, 1998 and the Form 10-Q for the quarter ended September 30, 1999.