AMERICAN TECHNOLOGY'S ENHANCED LRAD 1000®
SELECTED BY THE U.S. NAVY FOR LARGE VESSELS
Multi-Year Contract Opens Door to Fleet-wide Deployment of
ATC's Proprietary Acoustic Hailing and Warning Device
SAN DIEGO, CA, October 2, 2007 - American Technology Corporation (ATC) (NASDAQ: ATCO), a leading innovator of directed sound products and technologies, announced today its enhanced LRAD 1000® has been selected by the U.S. Navy as its acoustic hailing and warning device (AHD) for Block 0 of the Shipboard Protection System. The multi-year contract, issued by the Naval Surface Warfare Center Crane Division, opens the door for ATC's enhanced LRAD 1000 to be deployed throughout the U.S. Navy's fleet. A $500,000+ opening order under the contract is scheduled to ship this quarter.
Developed for military force protection in 2002, ATC created the directed acoustic hailing and warning device market category with the introduction of its proprietary LRAD technology and products. 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 proprietary technology achieves high intensity 15 - 30º beam directionality with very low power. LRADs are currently deployed in a variety of government, military and commercial security applications around the world.
"We appreciate this opportunity to work with the U.S. Navy on deploying our enhanced LRAD 1000 on large vessels of the fleet," commented Tom Brown, president and CEO of American Technology. "This contract, coupled with the U.S. Navy and U.S. Army's selection in May of our enhanced LRAD 500® as their acoustic hailing and warning device for small vessels and vehicles, further validates our LRAD technology and the growing importance of the AHD market."
About American Technology Corporation
American Technology Corporation is Shaping the Future of Sound® by providing directed audio solutions that place clear, highly intelligible sound exactly where needed. ATC's Long Range Acoustic Device (LRAD®), HyperSonic® Sound, and NeoPlanar® product lines make up the core of an expanding portfolio of directed sound products and technologies. For more information about ATC and its directed sound solutions please visit the company's 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 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, 2006 and the company's Form 10-Q for the quarter ended June 30, 2007. American Technology Corporation disclaims any intent or obligation to update those forward-looking statements, except as otherwise specifically stated.
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