American Technology Receives $1.1 Million LRAD® Order from U.S. Special Operations Command
LRAD 100X® AND 300X® Systems Being Deployed Around the World
SAN DIEGO, CA, January 20, 2010 – American Technology Corporation (ATC) (NASDAQ: ATCO), the innovator and distributor of the Long Range Acoustic Device™ (LRAD®) product line, announced today it has received an order totaling approximately $1.1 million from the U.S. Special Operations Command (SOCOM). The order, scheduled to ship this quarter, includes LRAD 100X® and 300X® systems that will be deployed in Afghanistan, Iraq and other areas of the world where SOCOM is engaged in contingency operations.
The LRAD 100X is a self-contained, portable acoustic hailing device (AHD) that outperforms conventional megaphones and other portable hailing systems. The 100X is 20-30dBs louder than top of the line megaphones and other portable systems of comparable size and power. Optimized driver and wave-guide design ensure clear voice communications so every syllable is understood even over background noise from vehicles, vessels, sirens and large crowds. This extraordinary acoustic performance comes in a rugged package that can be operated in all weather conditions. Interfaces include a standard microphone as well as rugged MP3 player designed for easy operation in demanding environments. The LRAD 100X is the world’s best solution for portable on-scene and tactical communication.
The LRAD 300X is a compact, lightweight solution for mounting on small vessels, vehicles, unmanned aerial vehicles (UAVs) and unmanned surface vehicles (USVs). It can be easily transported to provide security personnel long-range communications and a highly effective hailing and warning system. The 300X produces nearly 100% intelligible voice transmission over 88dB of background noise beyond 350 meters and beyond 1500 meters in benign environments. LRAD 300X operators have the ability to broadcast authoritative multi-lingual voice commands followed with powerful deterrent tones to determine intent and influence behavior.
“LRAD’s unique and powerful communications and deterrent capabilities are being increasingly required by military and security forces,” commented Tom Brown, ATC’s president and CEO. “We’re also experiencing growing military interest in incorporating LRAD into UAV and USV applications.”
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 preservation and control. For more information about ATC and its directed sound products, please visit the company’s web site at www.atcsd.com.
IMPORTANT INFORMATION: This press release is not a solicitation of a proxy from any ATC stockholder. ATC has filed a preliminary proxy statement with the SEC and will file with the SEC and distribute to stockholders a definitive prosy statement and related materials relating to its 2010 Annual Meeting of Stockholders reflecting the foregoing matters. ATC STOCKHOLDERS ARE ADVISED TO READ CAREFULLY THE DEFINITIVE PROXY STATEMENT AND RELATED DOCUMENTS FILED WITH THE SEC IN CONNECTION WITH THE ANNUAL MEETING WHEN THEY BECOME AVAILABLE BECAUSE THEY WILL CONTAIN IMPORTANT INFORMATION ABOUT THE MATTERS TO BE CONSIDERED AT THE ANNUAL MEETING. The 2010 proxy statement, related material and other reports that ATC files with the SEC, when available, can be obtained free of charge at the SEC’s web site at www.sec.gov or through the Investors section of the Company’s website 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, 2009. American Technology Corporation disclaims any intent or obligation to update those forward-looking statements, except as otherwise specifically stated.
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