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Amerigon's Subsidiary, BSST LLC to Proceed with Engine Exhaust Energy Conversion Program - $6.3 Mill

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October 2005
 
 
Amerigon Incorporated (NASDAQ:ARGN) reported in early September (2005) that the United States Department of Energy (DOE) has authorized the second phase of a $6.3 million project for the development of a thermoelectric system that converts the waste heat from automobile exhaust into electricity. The project is to be undertaken by Amerigon’s subsidiary, BSST LLC. BSST will lead the project, which will also include staff from BMW of North America, University of California, Santa Cruz; Purdue University, the DOE's National Renewable Energy Laboratory and the Jet Propulsion Laboratory/California Institute of Technology
 
BSST has developed a thermoelectric technology that has the potential to convert exhaust to electrical energy and reduce carbon dioxide emissions. The new system is considered potentially feasible for adaptation to your typical automobile. According to Lon E. Bell, Ph.D., President of BSST, "We believe this program will ultimately demonstrate a very practical and commercial application of our thermoelectric technology that works in everyday vehicles and directly addresses the need to reduce vehicle operating costs by harvesting electrical power from waste heat in a vehicle's exhaust. Another product of this program is to significantly reduce harmful environmental pollutants, such as carbon dioxide gas, a contributor to greenhouse warming. It's an exciting and very far-reaching project and we are lucky to have a tremendous pool of talent from the participating organizations to work with."
 
The Department of Energy project is part of the FreedomCAR and Fuel Partnership program between the government and industry. Under that program, 75 percent of the cost will be absorbed by the Federal funds. The funds are however subject to approval on a phase-by-phase basis, which could limit the actual contribution
 
Amerigon has been active in the commercial thermoelectric market. Presently it sells a Climate Control Seat system, which is used to heat and cool seats. That system is already sold in 18 different types of cars.

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