Amerigon Announces 2,316,175 Shares Tendered in Acquisition of W.E.T. Automotive Systems

Amerigon Incorporated ARGN, a leader in developing and marketing products based on advanced thermoelectric technologies, today announced that the initial acceptance period with respect to its previously-announced tender offer for all of the outstanding shares of W.E.T. Automotive Systems AG, a German company, ended on May 9, 2011, and that 2,316,175 shares, representing 76.19 percent of the outstanding voting stock of W.E.T., have been tendered for sale. An additional acceptance period will begin on May 13, 2011, providing the remaining shareholders of W.E.T. an opportunity to tender their shares. Such additional acceptance period will expire near the end of May, 2011. Amerigon expects to close on the acquisition of the shares tendered during the initial acceptance period within a week.