Amerigon, the developer and manufacturer of the Climate Control Seat (CCS) system, supplies thermoelectric devices to the global automotive industry.
Amerigon said that the goal of ZT Plus to develop and manufacture thermoelectric materials that would enable Amerigon to use its TE technology in a variety of heating and cooling and power generation applications for industrial, commercial, medical, electronics and automotive markets, remains unchanged.
Oscar Marx, chairman of Amerigon, said: “The commercial progress was slower to develop than anticipate. There were differences over the ZT Plus future business strategy between the two partners that could not be reconciled.
”Accordingly, it was mutually agreed that Amerigon would purchase 5N Plus’ interest in the venture. As a result, ZT Plus is now completely owned and operated by Amerigon.”
