AMERICAN TECHNOLOGY AWARDED $675,000
LRAD 300X™ ORDER FROM U.S. ARMY'S RAPID EQUIPPING FORCE
SAN DIEGO, CA, June22, 2009 - American Technology Corporation (ATC) (NASDAQ: ATCO), a leading provider of directed sound products and technologies, announced today it has been awarded a $675,000 Long Range Acoustic Device 300X™ order from the U.S. Army's Rapid Equipping Force (REF) for Mine Resistant Ambush Protected (MRAP) vehicles and base perimeter security installations in Afghanistan. The mission of the REF is to equip operational commanders with commercial-off-the-shelf and government-off-the-shelf solutions to increase effectiveness, reduce risk and insert future force technologies and surrogates to validate concepts and speed capabilities to U.S. Army forces.
The LRAD 300X is the latest addition to ATC's proprietary LRAD product line, which also includes the LRAD 100X™, 500X™, 1000X™ and the remotely operated LRAD-RX™. The 300X is a compact, lightweight solution for use on military and armored vehicles, common remote-operated weapon systems, and small vessels. It can be easily transported to provide security personnel long-range communications and a highly effective acoustic hailing device (AHD) capability where needed. It can communicate in excess of 1500 meters depending on local terrain and environment. LRAD 300X operators have the ability to issue multi-lingual, clear, authoritative verbal commands, followed by powerful deterrent tones to influence the behavior of targeted threats.
"LRAD 300X gives our soldiers the ability to rapidly transition through escalation of force requirements while quickly identifying hostile threats," remarked Scott Stuckey, ATC's vice president of business development. "Our LRAD systems can also help reduce civilian and military casualties by enabling soldiers and sailors to communicate from the safety of their vehicles and ships and diffuse situations before they become deadly."
"We attribute this award to our efforts in developing a series of AHD systems that meet the rigorous specifications of our military customers," commented Tom Brown, president and CEO of ATC. "We received input on the design requirements for the 300X from military organizations who have an increasing need for LRAD's unique capabilities to determine intent, create large safety zones, resolve uncertain situations, and potentially save lives on both sides of the device."
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®) and other directed sound technologies comprise the core of an expanding portfolio of products being used in diverse applications including, global military deployments, maritime security, critical infrastructure/commercial security, border/port security, law enforcement/emergency responder communications, and wildlife protection and control. For more information about ATC and its directed sound products, please visit the company's web site at http://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 fiscal year ended September 30, 2008 and Form 10-Q for the quarter ended June 30, 2008. American Technology Corporation disclaims any intent or obligation to update those forward-looking statements, except as otherwise specifically stated.
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