Amerigon releases record revenues

Amerigon, a developer of products based on advanced thermoelectric technologies, has announced record quarterly revenues of more than $24m (£16m) for the first quarter ended March 31, 2010, with significant year-over-year improvements in gross margins and profitability.

Product revenues for this year’s first quarter increased to $24.2m, more than double product revenues of $10.2m in last year’s first quarter, and up 12 per cent sequentially from $21.6m in the fourth quarter of 2009.