American Technology Announces $2 Million in New LRAD(R) Orders
01 November 2006 - 2:30PM
Business Wire
American Technology Corporation (ATC) (Nasdaq:ATCO), a leading
innovator of commercial, government and military directed sound
products and solutions, announced today it has received new orders
totaling approximately $2.0 million for ATC�s patent pending Long
Range Acoustic Devices (LRAD�) and support equipment. The majority
of the new LRADs are scheduled for deployment by the U.S. Army in
Iraq and by an Australian military service. These orders have been
shipped or are expected to ship this quarter. LRAD was showcased
earlier this year at the Pacific 2006 International Maritime
Conference and exhibition held at Darling Harbor in Sydney,
Australia, generating considerable attention from visiting naval
officers and representatives of law enforcement, customs and other
agencies from around the world. �These new orders reflect a
dramatic surge of activity from customers seeking military,
security and industrial LRAD solutions,� commented Tom Brown,
president and chief executive officer of ATC. �Through our improved
and enhanced product offering and direct sales efforts, we are
pursuing increasing U.S. military business and international LRAD
order expansion.� LRAD communicates in excess of 500 meters with
authority and high intelligibility through vocal commands and
powerful warning tones to influence behavior, gain compliance and
determine intent. ATC�s patent pending technology achieves high
intensity 15�30� beam directionality with very low power. LRADs are
currently deployed in a variety of government, military and
commercial applications around the world, including military
deployments with the U.S. Marine Corps, U.S. Army and U.S. Navy.
About American Technology Corporation San Diego-based American
Technology Corporation (Nasdaq:ATCO) provides directed audio
solutions that place clear, highly intelligible sound exactly where
needed. ATC�s LRAD systems have been in use since 2003 by the U.S.
Army, Navy and Marines in the Middle East and Iraq. LRAD systems
are also in use by police departments, cruise lines, commercial
maritime vessels, the U.S. Border Patrol and the National Guard.
For more information on American Technology Corporation and its
directed sound products and technologies, please go to
www.atcsd.com. Safe Harbor statement under the Private Securities
Litigation Reform Act of 1995: Except for historical information
contained herein, the matters discussed are forward-looking
statements within the meaning of Section 21E of the Securities
Exchange Act. You should not place undue reliance on these
statements. We base these statements on particular assumptions that
we have made in light of our industry experience, the stage of
product and market development, as well as our perception of
historical trends, current market conditions, current economic
data, expected future developments and other factors that we
believe are appropriate under the circumstances. These statements
involve risks and uncertainties that could cause actual results to
differ materially from those suggested in the forward-looking
statements, including, but not limited to, the timely manufacture
and shipment of the LRAD orders, the performance of our management
team, market acceptance of our directed sound technologies and
products, entry of competitors, the possibility our intellectual
property protections will not prevent others from marketing
products similar to or competitive with our products, potential
technical or manufacturing difficulties that could delay product
deliveries or increase warranty costs, and other risks identified
and discussed in our filings with the Securities and Exchange
Commission. These forward-looking statements are based on
information and management's expectations as of the date hereof.
Future results may differ materially from our current expectations.
For more information regarding other potential risks and
uncertainties, see the "Risk Factors" section of the company's Form
10-K for the year ended September 30, 2005 and the company�s Form
10-Q for the quarter ended June 30, 2006. American Technology
Corporation disclaims any intent or obligation to update those
forward-looking statements, except as otherwise specifically
stated. American Technology Corporation (ATC) (Nasdaq:ATCO), a
leading innovator of commercial, government and military directed
sound products and solutions, announced today it has received new
orders totaling approximately $2.0 million for ATC's patent pending
Long Range Acoustic Devices (LRAD(R)) and support equipment. The
majority of the new LRADs are scheduled for deployment by the U.S.
Army in Iraq and by an Australian military service. These orders
have been shipped or are expected to ship this quarter. LRAD was
showcased earlier this year at the Pacific 2006 International
Maritime Conference and exhibition held at Darling Harbor in
Sydney, Australia, generating considerable attention from visiting
naval officers and representatives of law enforcement, customs and
other agencies from around the world. "These new orders reflect a
dramatic surge of activity from customers seeking military,
security and industrial LRAD solutions," commented Tom Brown,
president and chief executive officer of ATC. "Through our improved
and enhanced product offering and direct sales efforts, we are
pursuing increasing U.S. military business and international LRAD
order expansion." LRAD communicates in excess of 500 meters with
authority and high intelligibility through vocal commands and
powerful warning tones to influence behavior, gain compliance and
determine intent. ATC's patent pending technology achieves high
intensity 15-30 degree beam directionality with very low power.
LRADs are currently deployed in a variety of government, military
and commercial applications around the world, including military
deployments with the U.S. Marine Corps, U.S. Army and U.S. Navy.
About American Technology Corporation San Diego-based American
Technology Corporation (Nasdaq:ATCO) provides directed audio
solutions that place clear, highly intelligible sound exactly where
needed. ATC's LRAD systems have been in use since 2003 by the U.S.
Army, Navy and Marines in the Middle East and Iraq. LRAD systems
are also in use by police departments, cruise lines, commercial
maritime vessels, the U.S. Border Patrol and the National Guard.
For more information on American Technology Corporation and its
directed sound products and technologies, please go to
www.atcsd.com. Safe Harbor statement under the Private Securities
Litigation Reform Act of 1995: Except for historical information
contained herein, the matters discussed are forward-looking
statements within the meaning of Section 21E of the Securities
Exchange Act. You should not place undue reliance on these
statements. We base these statements on particular assumptions that
we have made in light of our industry experience, the stage of
product and market development, as well as our perception of
historical trends, current market conditions, current economic
data, expected future developments and other factors that we
believe are appropriate under the circumstances. These statements
involve risks and uncertainties that could cause actual results to
differ materially from those suggested in the forward-looking
statements, including, but not limited to, the timely manufacture
and shipment of the LRAD orders, the performance of our management
team, market acceptance of our directed sound technologies and
products, entry of competitors, the possibility our intellectual
property protections will not prevent others from marketing
products similar to or competitive with our products, potential
technical or manufacturing difficulties that could delay product
deliveries or increase warranty costs, and other risks identified
and discussed in our filings with the Securities and Exchange
Commission. These forward-looking statements are based on
information and management's expectations as of the date hereof.
Future results may differ materially from our current expectations.
For more information regarding other potential risks and
uncertainties, see the "Risk Factors" section of the company's Form
10-K for the year ended September 30, 2005 and the company's Form
10-Q for the quarter ended June 30, 2006. American Technology
Corporation disclaims any intent or obligation to update those
forward-looking statements, except as otherwise specifically
stated.
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