NORTHVILLE, Mich., June 6, 2012 /PRNewswire/ -- Amerigon
Incorporated (NASDAQ-GS: ARGN), the global market leader and a
developer of innovative thermal management technologies, announced
today that, effective June 13, 2012,
its trading symbol will be changed from ARGN to THRM. The
Company's CUSIP number remains unchanged. In addition, the
Company announced its intention to formally change its name to
Gentherm Incorporated. The Company will begin doing business
as Gentherm, effective June 13,
2012, and a special meeting of the Company's stockholders will
be held on September 5, 2012, to
approve an amendment to the Company's Articles of Incorporation to
reflect the name change.
The symbol and name changes were made to better reflect the new
capabilities and broader global reach of the Company following its
acquisition of a majority interest in Germany-based W.E.T. Automotive Systems AG,
noted President and CEO Daniel R.
Coker.
"We are a new company today as a result of the addition of
W.E.T. and we have changed our name to reflect that," Coker
said. "We believe this is a very natural partnership, one
that makes us a much larger company with a broader corporate reach,
new products, new manufacturing capabilities and a new team of
innovative, complementary engineers. We have always focused
on thermal technologies, as has W.E.T., but today we can offer a
much wider range of products and services to our customers wherever
they are situated around the world."
To celebrate and kick-off the symbol and name change, Coker and
members of the Gentherm team will ring the The Nasdaq Stock Market
Opening Bell at 9:30 a.m. Eastern Time
Wednesday, June 13, 2012. For a live feed from the
NASDAQ web cam, go to
http://www.nasdaq.com/about/marketsitetowervideo.asx. An
archive of the event will be available at:
http://www.nasdaq.com/reference/marketsite_events.stm.
The Company's corporate website address will change from
www.amerigon.com to www.gentherm.com, effective June 13, 2012.
About Gentherm
Amerigon Incorporated, doing business as Gentherm (NASDAQ-GS:
ARGN until June 12, 2012, thereafter
NASDAQ-GS: THRM), is a global developer and marketer of innovative
thermal management technologies for a broad range of heating and
cooling and temperature control applications. Automotive
products include actively heated and cooled seat systems and cup
holders, heated and ventilated seat systems, thermal storage bins,
heated seat and steering wheel systems, cable systems and other
electronic devices. The Company's advanced technology team is
developing more efficient materials for thermoelectrics and systems
for waste heat recovery and electrical power generation for the
automotive market that may have far-reaching applications for
consumer products as well as industrial and technology markets.
Gentherm has more than 5,000 employees in facilities in the
U.S., Germany, Mexico, China, Canada, Japan, England, Korea and the Ukraine. For more
information, go to www.amerigon.com until June 12, 2012, thereafter www.gentherm.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
Incorporated's Securities and Exchange Commission filings and
reports, including, but not limited to, its Form 10-Q for the
period ended March 31, 2012, and its
Form 10-K for the year ended December 31,
2011.
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Contact:
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Allen & Caron Inc
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Jill Bertotti (investors)
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jill@allencaron.com
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Len Hall (media)
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len@allencaron.com
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(949) 474-4300
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SOURCE Amerigon Incorporated