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American Technology Announces $1.6 Million Follow-On LRAD® Order from U.S. Army Reserves
Further U.S. Military Sales Expected This Quarter
SAN DIEGO, CA, November 10, 2009 - American Technology Corporation (ATC) (NASDAQ: ATCO), the innovator and distributor of the Long Range Acoustic Device™ (LRAD®) product line, announced today it has received a follow-on LRAD 500X™ order totaling approximately $1.6 million from the U.S. Army Reserves. ATC announced the initial order last month (http://www.atcsd.com/site/content/view/310/55/). Both orders are scheduled to ship this quarter.
The LRAD 500X can be mounted on a variety of military vehicles including the HMMWV, LMTV, FMTV and MRAP, providing soldiers the critical capability of clearly broadcasting information, instructions and warnings to distances in excess of 2,000 meters from within their vehicles.
"We continue to support our armed services in their peacekeeping missions around the world through increasing LRAD shipments," remarked ATC president and CEO, Tom Brown. "With further LRAD orders expected from the U.S. Military and other organizations and agencies this quarter, we're off to a strong start in fiscal 2010."
ATC’s proprietary LRAD directed sound systems enable military forces to communicate clearly and determine the intent of potential threats at safe distances, providing time and distance to employ a measured response to a threat’s actions. Through the use of focused multi-lingual voice commands and deterrent tones, LRAD creates increased standoff and safety zones, supports conflict resolution, and potentially saves lives on both sides of the device.
About American Technology Corporation
American Technology Corporation is 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 around the world in diverse applications including, global military deployments, maritime security, critical infrastructure and commercial security, border and port security, law enforcement and 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 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. American Technology Corporation disclaims any intent
or obligation to update those forward-looking statements, except as otherwise
specifically stated.
FOR FURTHER INFORMATION CONTACT:
Robert Putnam
Media & Investor Relations
(858) 676-0519
robert@atcsd.com