Amerigon Ships 10,000th Climate Control Seat System
29 February 2000
Amerigon Ships 10,000th Climate Control Seat SystemAchieves Significant Milestone With Lincoln Navigator; Positioned To Meet Increasing Demand for CCS Systems IRWINDALE, Calif., Feb. 29 -- Amerigon Incorporated announced today the shipment of its 10,000th proprietary Climate Control Seat (CCS(TM)) System for vehicle driver and front passenger seats since it first began commercial shipments in late November of last year. According to Amerigon President and CEO Richard A. Weisbart, the shipment was made as part of the Company's first commercial application of CCS for Lincoln Mercury of Ford Motor Company in the 2000 model year Lincoln Navigator Sports Utility Vehicle. CCS is an option on the Navigator and is the only product on the market today that makes it possible for both the driver and front seat passenger of a vehicle to individually and actively control the warming and/or cooling of their respective seat for year-round comfort. Weisbart commented, "We reached this important milestone sooner than expected, and are well-positioned to meet the increasing demand for our CCS system in the Lincoln Navigator. The Company has the manufacturing capability in place to not only handle the demand for CCS in the Navigator, but is also well-positioned to supply CCS systems for the future automotive platforms we see being solidified over the next 12 months. We are continuing to aggressively market CCS to more than 20 other automotive platforms and their seat suppliers worldwide." Amerigon announced in January that it reached a nonbinding agreement in principle with Ford Motor Company, whereby Ford will exclusively use Amerigon's proprietary CCS system for heated and cooled or heated and ventilated seats for a period of five years. Amerigon, an emerging player in the global automotive industry, develops and markets proprietary products for automotive OEMs. In addition to the Climate Control Seat (CCS) technology, the Company's products include the AmeriGuard(TM) radar sensing system, 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's ability to handle demand for its CCS systems, 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.