NORTHVILLE, Mich., Oct. 25 /PRNewswire-FirstCall/ -- Amerigon Incorporated (Nasdaq: ARGN), a leader in developing and marketing products based on advanced thermoelectric (TE) technologies, announced today that Dr. Lon Bell, Chief Technical Officer and President of its research and development subsidiary BSST, will retire effective December 31, 2010. Dr. Bell has agreed to enter into a consulting contract with Amerigon and will remain on its Board of Directors.
Amerigon Chairman Oscar B. (Bud) Marx said, "Lon Bell was the founder of Amerigon in 1991, and over the past 18 years has contributed immensely to the growth and success of Amerigon. He has equally made extremely significant contributions to the development of thermoelectric technology to commercial success and to potentially transformational heating and cooling and power generation uses in the future."
Amerigon President and CEO Daniel R. Coker added, "We are extremely pleased that Dr. Bell has agreed to consult for Amerigon as we continue to develop the TE technology he has pioneered. We are counting on him to contribute to our progress. At the same time, we want to wish him every success in this new phase of a most distinguished career."
Dr. Bell commented, "I am pleased to have been able to oversee the development of a new generation of TE intellectual property that has the potential to open new markets at Amerigon. I look forward to continuing to participate with new TE technology, but in a consulting role that will also allow me to spend more time with my family and fulfill other commitments."
Amerigon (NASDAQ-GS: ARGN) develops products based on its advanced, proprietary, efficient thermoelectric (TE) technologies for a wide range of global markets and heating and cooling applications. The Company's current principal product is its proprietary Climate Control Seat® (CCS®) system, a solid-state, TE-based system that permits drivers and passengers of vehicles to individually and actively control the heating and cooling of their respective seats to ensure maximum year-round comfort. CCS, which is the only system of its type on the market today, uses no CFCs or other environmentally sensitive coolants. Amerigon maintains sales and technical support centers in Southern California, Southeast Michigan, Japan, Germany, England and Korea. For more information, visit the Company's website at www.amerigon.com.
Certain matters discussed in this release are forward-looking statements that involve risks and uncertainties, and actual results may be different. Important factors that could cause the Company's actual results to differ materially from its expectations in this release are risks that sales may not significantly increase, additional financing, if necessary, may not be available, new competitors may arise and adverse conditions in the automotive industry may negatively affect its results. The liquidity and trading price of its common stock may be negatively affected by these and other factors. Please also refer to Amerigon's Securities and Exchange Commission filings and reports, including, but not limited to, its Form 10-Q for the period ended June 30, 2010, and its Form 10-K for the year ended December 31, 2009.
SOURCE Amerigon Incorporated