American Technology Announces $1 Million in New Directed Sound Product Orders
11 Dezember 2006 - 1:00PM
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
for its proprietary directed sound products totaling approximately
$1 million. The new orders are comprised of ATC�s HSS�, NeoPlanar�
and LRAD� products. To date, ATC has received over $3 million in
orders it has shipped, or expects to ship this quarter, with
further orders and shipments expected this month. �We are
accelerating our revenue growth through more domestic and
international sales to commercial companies and defense-related
organizations,� remarked Tom Brown, president and chief executive
officer of American Technology. �The initiatives to consolidate
facilities and restructure management are yielding results as we
have significantly decreased our core burn rate. We are also making
progress in cutting our product costs, increasing our margins and
enhancing product performance.� Brown concluded, �With over $3
million in orders to date, this first quarter is shaping up to be a
good start to our 2007 fiscal year. Later this month, we expect to
announce further directed sound product orders and provide
additional revenue guidance.� ATC�s directed sound products and
technologies include LRAD, which 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. ATC�s proprietary HSS directed sound products place
sound where you want it and nowhere else. With the combination of
an ultrasonic powered emitter and a proprietary signal
processor/amplifier, HSS focuses sound into a tight beam for
optimal directionality and intelligibility. Similar to a beam of
light, HSS uses ultrasonic energy to �shine� sound on a very
specific area. HSS provides extremely accurate control of sound
placement for digital signage, paging and announcing systems,
tradeshow exhibits and other audio applications. NeoPlanar is a
thin film planar magnetic speaker which features high output with
exceptional clarity. NeoPlanar is being offered for a diverse range
of applications, from military uses and emergency notification to
automotive and home theater. NeoPlanar products are installed in
arenas, on board U.S. Navy aircraft carriers, in public and
corporate venues, and are being utilized for home and outdoor
entertainment. About American Technology Corporation American
Technology Corporation (ATC) (NASDAQ: ATCO) provides directed audio
solutions that place clear, highly intelligible sound exactly where
needed. ATC�s HyperSonic� Sound, NeoPlanar� and Long Range Acoustic
Device (LRAD�) product lines make up the core of an expanding
portfolio of directed sound products and technologies. For more
information about the company and its technologies and products
please visit our web site at 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 directed sound product
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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